Video Credit- The Millionaire Morning Show, YouTube 2024
What a week it has been. Some 33,000 Boeing union employees are on strike and thousands of port workers are threatening a strike this week.
It's so bad at Boeing that the 737 Line in Renton, Washington is shut down. The amazing 737 is now paused as there are not enough employees to keep the line running.
If the port workers strike, there will be chaos. The workers are threatening to stop working on the Eastern Seaboard where a huge volume of goods enter the United States.
Workers are striking because wages have not kept up with inflation and recent economic instability from inflation and the FED are making things worse for Mainstreet as Wallstreet keeps getting richer and more extravagant.
Unions use collective bargaining power to make their worker's lives better. If something is off, they will strike.
The economy is going to feel these strikes. Boeing is losing $50-$100 million per day to the strike.