Detailed text transcripts for TV channel - CNN - 20110223:15:08:00
Sector versus the private sector, there's a big difference. when you look at cops, firefighters, teachers, 36% of them are unionized. when you look at private sector, general motors, big company, less than 7%. union members get higher wages. that's a big benefit of being in the union. at the same time, you have seen this decline of unions, so there are some economists that argue the growing gap that we see between rich and poor in this country has a lot to do with the decline of unions. taking a look at these numbers, its astonishing. the richest 1% of americans have seen their wages increase ...