US rail strike averted. Tentative deal reached.
I was dreading this strike. It would have seriously damaged an economy already sliding into recession.
https://apnews.com/article/biden-economy-strikes-congress-94089be6a4f469444da99fec9dde1b3e
@Coctaanatis Also, you know who would have used it to drive voters to get #Dfg back and take the house and senate #politics
It's a tentative deal - it still needs to be ratified so far but this is a good thing for the US.
Details on the deal haven't been released yet but it sounds like union members will get 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.
A good win for the labour who keep the US economy rolling behind the scenes!
@Coctaanatis Thank goodness! This would have been more pressure on the recovering economy.