“The Union Density Rate” (…)
How could the average Joe even start to guess what this could ever mean ?
Yeah, weird way to describe it. Why not just say percentage of workers in a union?
Exactly ! (…and thanks for its meaning).
The funniest part is the title also says : “You Read That Right” …well, no ! …I didn’t since it was unreadable for me :-OBecause “union density” is shorter. Just as “GDP” is shorter than “sum of the income of everyone in a country”.
SINBIPDU
(shorter is not better if people don’t understand)
It’s jargon, like “OOP” and “VRAM”. The people who tend to refer to it will understand.
I get the term after reading the article, I’ve just never heard it described that way before. Their own figures say union membership rates in the article which seems much clearer to me and has the same number of words as “union density rate.” Density seems to imply something more geographic or spatial, just seems like an odd way to describe it.
It’s an econ term, it doesn’t have to make sense to non-economists!
For instance you would think the unemployment rate is the percentage of the population without employment, but no.
Just as “GDP” is shorter than
“sum of the income of everyone in a country”“who’s winning at capitalism”.Winning is a matter of perspective. There are plenty of people of who would not want to move to a country with higher GDP.
It’s also just their opinion. The results aren’t out yet.
If only that average Joe had access to some type of information network on which to look it up, if only. But alas…