Yes, it’s what unions currently do over here. It’s tax free but lower that normal wage.
During media coverage of negotiations you sometimes hear, “the union has a large strike fund” to imply they are in a strong negotiating position, because they could strike for a long time.
Going of the fact that Wikipedia only has articles on strike funds it in German and French, I think it’s not done much in American.
I know the big old Unions like auto workers and railroaders tend to have deep strike funds, but I think the smaller ones tend to focus funds on recruiting and benefits.
Is there historical precedent for unions hoarding money so that they can supplant workers’ pay while they’re striking?
Most unions collect into the strike fund at all times. For every $100 earned, dues are usually $1.25 with the 25 cents going to the fund.
Edit: typo: per $100, not $10
I think you forgot a 0 on that $10. If your union is charging 12.5%, I have a bridge to sell you.
You’re definitely right, I missed the other 0 and dues should never be that high
Dues are 1-2 percent not 12.5 percent
You’re right, that was a typo
Yes, it’s what unions currently do over here. It’s tax free but lower that normal wage.
During media coverage of negotiations you sometimes hear, “the union has a large strike fund” to imply they are in a strong negotiating position, because they could strike for a long time.
Going of the fact that Wikipedia only has articles on strike funds it in German and French, I think it’s not done much in American.
I know the big old Unions like auto workers and railroaders tend to have deep strike funds, but I think the smaller ones tend to focus funds on recruiting and benefits.