Rail Strike has a big impact on the US economy Let’s know how!

Rail Strike to have a massive impact on the US Economy.

In case freight trains stop operating next month, most US industries, especially the US consumer industry, will be severely affected.

The threat of a strike comes from the fact that one of the largest rail unions did not approve their agreement on Monday. This is not enough; three others were unable to agree to contracts because of concerns surrounding demanding schedules, lack of paid sick time and more.[paidsicktimeandmore[paidsicktimeandmore

The strike is expected to begin around December 5.

Possible impacts

If a strike occurs, it could have a major impact on the economy.

For example, what about businesses that transport raw materials or finished products? These companies cannot stop the production process. Furthermore, most of these places do not have excess space to store these raw materials or finished products for long periods of time.

In addition, the food manufacturing, automobile, farming, chemical industries, etc. will have to face the consequences.

And how can we forget the problems that passengers will face in such a situation? Commuters will face serious trouble in their daily commute if such a strike occurs.

Fearing the consequences, Congress may intervene in the matter, thereby imposing contract terms on railroad workers.

Has there ever been a strike like this before?

It was in 1992 when a similar situation occurred and the railways went on strike. The strike lasted about 2 days. That’s when Congress stepped into the problem.

However, it would not be wrong to say that a prolonged railway strike has never happened in a century. This was because a law passed in 1926 regarding railway negotiations made it difficult for workers to organize strikes.

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Source: pagasa.edu.vn

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