Radio analyst (no one is a seer) believes the billion or two per day lost in a strike will mean it can’t go on long.
But will ruin any supposed avoidance of a big recession anyway.
He said the price increases caused by the huge pay increases
(he said currently average is $100,000 plus $30,000 of benefits) will have to result in companies charging more for everything soon after the strike ends.
here is what they want:
They would give workers an immediate 14% raise, as well as additional back pay for the hours they worked since 2020. There would be more raises going forward, resulting in a 24% pay increase over the five-year course of the contract that would run from 2020 to 2024, as well as annual cash bonuses of $1,000.