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Railroad Strike Coming?
Deadline is approaching for a deal to be reached
Note: I provide links to all of my sources. They are underlined and in boldface. I want my readers to be able to check out all sources for themselves.
US railroad workers are close to striking. They had threatened to do so earlier this year, but a “cooling off” period was imposed by the Biden administration. However, this period ends on Friday, September 16th.
Joshua Bolton, who was a former White House chief of staff said that a railway strike would have cascading effects across the country. It would greatly magnify existing supply chain issues. Currently, about 40% of the country’s goods are moved long distance via rail. According to a report by the Association of American Railroads, a strike could cost the economy $2bn a day.
Will the Biden administration be able to hammer out a deal with the unions that work in the railroad industry?
The following Tweet gives some feeling of the anger of employees:
