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Reply #1: UAW membership & assets [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
Hannah Bell Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-19-09 03:40 AM
Response to Original message
1. UAW membership & assets
The UAW’s massive loss of membership has had no significant impact on the financial well being of the administration. In 2001, the union had a membership of 701,000 members. Its total assets were appraised at $1.1 billion. By 2008, its membership had fallen to 431,000—a drop of approximately 40 percent.





However, during this same period, the UAW’s assets rose to $1.2 billion.




The increase of assets has made possible a substantial increase in the income of the UAW’s administration. In 2000, the International paid its staff $89.6 million in salaries. In 2008, the salaries had grown to $100.9 million. Looking at these figures in another way, in 2000 the UAW’s central bureaucracy received $133 in income per union member. Just eight years later, the central bureaucracy received $233 in income per union member.



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