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News Link • Economy - Economics USA

Enjoy These Moments, Because The Outlook For After Thanksgiving Is Not Promising At All

• http://theeconomiccollapseblog.com, by Michael

I understand that may be difficult for many of you to hear, because we are already dealing with so much.  The worst inflation crisis in decades has been eviscerating our standard of living, major layoffs are being announced all over the nation, the housing market has started to crash, and the fallout from the collapse of FTX threatens to push over more financial dominoes in the weeks ahead.  Unfortunately, now we potentially have another major problem to add to the list.  One of the largest rail unions just voted down a tentative agreement, and so now a national railroad strike in December is a very real possibility

The likelihood of a strike that would paralyze the nation's rail traffic grew on Monday when the largest of the 12 rail unions, which represents mostly conductors, rejected management's latest offering that included 24% raises and $5,000 in bonuses. With four of the 12 unions that represent half of the 115,000 rail workers holding out for a better deal, it might fall to Congress to impose one to protect the U.S. economy.