From AgWeb, August 17:
The U.S. is Now 30 Days Away From a Possible Railroad Labor Strike
Delays on U.S. railroads have been a growing problem for shipping agricultural goods all year. Labor discussions are ongoing and with the grain industry concerned about a possible labor stoppage in mid-September, which would be the height of Midwest harvest.
Just this week, the White House-appointed Presidential Emergency Board (PEB) released a recommendation as part of the ongoing collective bargaining process. Both sides have 30 days to accept those recommendations. If the two parties don't agree, then rail workers are allowed to go on strike as of Sept. 16....
....MUCH MORE
And from The World Socialist Website (WSWS) also August 17:
Railroaders demand strike action as pro-management Presidential Emergency Board declares workers have “no claim to share” in record profits
Railroad workers: The WSWS wants to hear from you! Fill out the form at the bottom of this article to tell us what you think about the PEB’s recommendations and what your “red lines” are. All submissions will be kept anonymous.
Read the statement by UAW presidential candidate William Lehman calling for full support for the rail workers.
Railroaders are furious with Tuesday’s Presidential Emergency Board report, in which a panel of Biden-appointed mediators sided with management on virtually every point in a contract dispute. The ruling proposed wage increases below the rate of inflation and upheld the “right” of management to unilaterally impose punishing attendance policies that have driven tens of thousands out of the industry. The deal also removes caps on employee monthly contributions to the health care program, paving the wave [sic] for massive increases in premiums....
....MUCH MORE
Working people are getting radicalized, by their treatment from government and industry, to such a degree that I've been flashing on prior actions:
Here's how the Teamsters reacted to stress in 1934, the management guy heading for terra firma died almost instantly of a crushed occipital lobe:
One of the key tools of central banks and governments in fighting the inflation they caused is advocating for wage increases below the rate of inflation. Although by definition this is an answer to a potential wage-price spiral it lays the cost of the inflation fight on the backs of working stiffs. Not on rentiers, and not on COLA-receiving welfare and entitlement recipients but on workers.
Our July 30 post "Bank of America Memo, Revealed: “We Hope” Conditions for American Workers Will Get Worse" has some of the background to what's going on.
And related:
July 12
ICYMI: It Sure Looks Like A Wage/Price Spiral Has Begun
June 12
"Boris Johnson tells workers to accept pay cuts or UK faces 1970s–style ‘stagflation’"
That's a tough sell....
May 8
BIS: "Are major advanced economies on the verge of a wage-price spiral?"
You
don't want these people even raising this question. It's like hearing
your surgeon say "whoops" just as you're going under: "Whaaa? zzzz"
BLS: Real Earnings Collapse 1.0% In the Month Of June; DOWN 3.6% Year-over-Year
On the losing end of the wage-price spiral.
