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Unions

Any debate about the future of unions in the U.S. is really a discussion about public sector unions. The private sector's unionized workforce is simply too small to matter outside of a few industries. .

The chart is from Harvard University Labor and Worklife program at the Law School. I also think the relative small size of private sector unions is one reason the hope that unions will be a force for combatting poverty is misplaced. Unions are finding it hard enough to hold on to their place in the middle class.

About the author

Christopher Farrell is economics editor of Marketplace Money, a nationally syndicated one-hour weekly personal finance show produced by American Public Media.