Unions Are Having a Moment. Investors Should Take Heed. A possible UAW strike shows prepared labor’s growing clout, and will cause higher inflation.
Unions aren’t the force within the U.S. That they used to be. That doesn’t mean they could’t percent a punch.
United Auto Workers’ individuals employed with the aid of Ford Motor, General Motors and Stellantis ought to strike as quickly Friday if sufficient development in the direction
of a brand new contract isn’t made, disrupting an car enterprise that is most effective just now digging out from the deliver-chain problems the pandemic prompt.
Hollywood writers and actors are nevertheless on strike. United Parcel Service this summer averted one after negotiating a cope with the International Brotherhood of
Teamsters to raise pay, and West Coast ports reached a deal with the International Longshore and Warehouse Union in June.
Then there are the continuing organizing efforts at corporations along with Amazon.Com and Starbucks.
Considering how few people are represented by means of unions, it is easy to view the uptick in labor moves as inconsequential.
After all, Labor Department figures show that simply 10.1% of nonfarm people were union members remaining