A Rail Strike Would do Serious Damage — and That's Exactly the Point

This could add pressure to the existing supply chain problem, leading to higher inflation. There are constantly new surprises that trigger more speculation of more interest rate hikes. When is this cycle ending?

Unless we get a breakthrough soon in deadlocked negotiations, Friday will mark the beginning of the first national rail strike in 30 years.

How serious?

• Tens of thousands of train workers are ready to walk off the job just after midnight tomorrow night unless they can secure better working conditions from their employers.

• Any prolonged strike promises to create a logistical nightmare that will further snarl supply chains, create shortages of consumer goods and drive up prices.

The disruption:

• Replaced by the truckers, but not possible

• Gas prices

• Food shipments

• Car & truck production

• Basic commuting

The US economy can't fully function without trains or the people who operate them, but engineers and conductors say they are at their breaking point. They often work 14 days in a row. They have no sick days, no set weekends, and are penalized when they miss work, even if it's for a doctor's appointment or family emergency. Those conditions fuel a high turnover rate, further straining workers.

More video tutorials, follow by YouTube channel:Invest & Trade with Insight

$DJIA(.DJI)$ $NASDAQ(.IXIC)$$S&P 500(.SPX)$

Follow me to learn more about analysis!!

Modify on 2022-10-14 17:02

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment49

  • Top
  • Latest
  • KittyBruno
    ·2022-09-15
    A strike could result in an even bigger effect on the economy. Congress needs to think long and hard before they force it within the strike, because if they do, it will have a much bigger strike as people resign and leave the industry
    Reply
    Report
  • EmilyMark
    ·2022-09-15
    Workers are currently on call consistently throughout the year, making a life-work balance near impossible and contributing to fatigue issues, illnesses, job safety and discontent among the workforce.
    Reply
    Report
  • MyrnaNorth
    ·2022-09-15
    These railroads are making billions of dollars. it’s just not appealing enough to attract people into the workplace.
    Reply
    Report
  • HSOoi
    ·2022-09-15
    excellent
    Reply
    Report
  • BhaskarB
    ·2022-09-15
    Strike when the iron is hot so that u can see the important thing which is inflation going down
    Reply
    Report
  • Kerrisdale
    ·2022-09-18
    No rest from work will break ppl down.
    Reply
    Report
  • 利空coinbase
    Reply
    Report
  • SharonWon
    ·2022-09-16
    👍🏻
    Reply
    Report
  • Jeff Ng
    ·2022-09-16
    Ok
    Reply
    Report
  • Joe Lamborgh
    ·2022-09-16
    👍🏻
    Reply
    Report
  • 蓝天一小白云
    ·2022-09-16
    👍
    Reply
    Report
  • NgKenny
    ·2022-09-16
    Nice
    Reply
    Report
  • hiiiinvestor
    ·2022-09-16
    Ok
    Reply
    Report
  • Fishabeng
    ·2022-09-16
    [Smile]
    Reply
    Report
  • g1
    ·2022-09-16
    like
    Reply
    Report
  • blinkblink
    ·2022-09-15
    Ok
    Reply
    Report
  • CYau
    ·2022-09-15
    Like
    Reply
    Report
  • JenYo
    ·2022-09-15
    [Miser]
    Reply
    Report
  • Ben789
    ·2022-09-15
    Ok
    Reply
    Report
  • tigjun21
    ·2022-09-15
    👍
    Reply
    Report