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The World Bank, known for being notoriously conservative, released a report in February stating labor unions are good for the economy. Information gathered from over a thousand studies on the effects of labor unions and collective bargaining on the performance of national economies showed that workers who were members of trade unions earn higher wages, received more training and worked fewer hours. High rates of unionization also lessens inequality of earnings, especially for women and minority groups. Their report sited: Unions and Collective Bargaining: Economic Effects in a Global Environment. The study also found that countries fare better economically if large numbers of workers belong to trade unions.More specifically the study shows that high unionization rates are associated with lower unemployment and inflation, higher productivity, and speedier adjustments to economic shocks. The World Bank's Managing Director stated "Good industrial relationships between labor and business lead to an economy that is stable and productive." The middle class better get a clue right that unions are not the bad guys. The misinformation that has been fed to the public about unions was intentional and the misinformed have bought it lock, stock and barrel.