Thus, a variety of sources show a union wage premium of between 15% and 20%. Since unions have a greater impact on benefits than wages (see Freeman 1981), estimates of the union premium for wages alone are less than estimates of the union premium for all compensation (wages and benefits combined). That is, estimates of just the wage premium understate the full impact of unions on workersâ pay.
Share. We love when fashion collides with seemingly non-related topics like history and politics. In today's chapter of hold-the-phone collisions we learn about the birth of sportswear companies Adidas and Puma, which began in WWII, and were founded by brothers Adolf (a.k.a. Adi) and Rudolf Dassler.
Adidas is on a mission to fix their image, according to the Wall Street Journal. In 2014, Adidas fell behind Under Armour as the second biggest sportswear company in the U.S., and they have made big mistakes that hurt the company. According to WSJ, one of the biggest mistakes was passing up the opportunity to sign Michael Jordan when he entered the NBA in 1984. A University of North Carolina basketball star named Michael Jordan wanted a sponsorship deal with Adidas when he went professional, say people familiar with the matter.