Adding fuel to the potential crisis. Rail strike looming.
We are back with a new video, Adding fuel to the potential crisis. Rail strike looming
Adding fuel to the potential crisis. Rail strike looming the country's largest rail union yesterday narrowly voted against a tentative labor agreement brokered by the Biden administration, putting the country at risk of an economy debilitating strike prior to the winter holidays.
A strike could commence as early as December5 unless a new agreement is reached or Congress steps in with intervention measures. A rail train strike would cost the US. Economy about $2 billion per day. That's because freight rail is a critical part of the transportation system that moves goods and materials around the country. A strike would disrupt the supply chain, causing inflation and shortages of goods just as Americans are preparing for the holidays,
it would be a crisis for America's economy. What do the workers want? The contract, which offered a 24% pay increase by2024, the largest in four decades, was rejected due to a lack of concession by management. As the old saying goes, hope is not a strategy.
As rail threatened to go on strike, let's hope that a resolution can be reached without resorting to a work stoppage. Let's hope that they can continue to work together and find a resolution that is fair to both sides. If you are struggling with credit card debt, you might be considering bankruptcy as a way to get rid of your debt and start fresh. Filing for bankruptcy can be a complicated process.
At the law offices of Omar Zambrano, we understand that your time is valuable. We'll help you find a solution that saves you time and money. Please call 626-338-5505 for a free legal consultation today.
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