Orazem: Inflation to play a big role in future union negotiations

November 19, 2021
News

Peter OrazemPeter Orazem, university professor, was interviewed for a Nov. 18 WOI-TV story, "What impact will the John Deere strike have on other unions and the workforce in general?"

Iowa State University Economics Professor Peter Orazem believes asking and searching for higher wages and better benefits is something that is becoming more prominent. 

"We know that compensation terms are rising in non-union settings as well," said Orazem. "So we've had generally rising wages across the board in in a lot of different sectors. So that's a good bargaining position for unions."

Orazem said he believes inflation will also play a big role in future union negotiations. 

"It's also going to raise issues in terms of management and labor having to make projections as to what the future path of the value of the dollar is going to be," said Orazem. "So you're more likely to have disagreements under conditions where you're not sure what the value of the dollar is going to be one, two, three years down the road."

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