IM(uneducated)O, leading numbers to watch is unemployment and workforce participation. If labor costs don't go down, a lot of the other prices will stay high and continue to rise.
https://www.foxbusiness.com/politics/national-strike-threats-loom-labor-unions-become-more-emboldened
Unions have the upper hand in this environment, but it is always changing.
https://amp.cnn.com/cnn/2022/09/15/business/railroad-strike-averted-tentative-deal/
The deal gives the union members an immediate 14% raise with back pay dating back to 2020, and raises totaling 24% during the five-year life of the contract, that runs from 2020 through 2024. It also gives them cash bonuses of $1,000 a year. All told, the backpay and earlier bonuses will give union members an average of an $11,000 payment per person once the deal is ratified.......said Biden in a statement. “These rail workers will get better pay, improved working conditions, and peace of mind around their health care costs: all hard-earned.”...The union said the deal provides one additional paid day off a year as well a protections against discipline if they need time off to attend to routine and preventative medical care, as well as exemptions from attendance policies for hospitalizations and surgical procedures.
Just pointing out that it doesn't look like labor issues will be getting any easier in the near-term, which means inflation will still have significant fuel to keep on rising.
Covid policies changed the labor market. New workers are needed. Where will they come from?
FTFY
https://twitter.com/julianmi2/status/1570404046896525312
Isn't this what every worker wants, really wage increases?
Sure, until they realize that they are just spending their raises to cover other workers' raises in the products they buy.
one would think we are beyond that point already and they are paying a game of catch up
What do you think the effect of higher cost to rail companies will be?
