Employee strikes sweep the labor market
Employee strikes sweep the labor market
- Oct 18, 2021
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Union officials say that this trend in strikes and walkouts is an offshoot of the Great Resignation phenomenon which has thinned the US labor pool and slowed down economic recovery. Workers have now become harder to replace as companies struggle to keep up with high demands and manage delayed supply chains. This has given unions an edge over companies and has made striking less risky for them. In interviews, both workers and union leaders said they were disappointed with employers for failing to raise wages and by the lack of high-quality jobs. They are also frustrated that wage growth does not keep up with the pace of inflation. Although the average US worker's pay increased by 4% in September in comparison to last year, inflation grew 5.4 percent over the same period.
Source: The Washington Post
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