Benefit of the strikes continues

Benefit of the strikes continuesAfter the Las Vegas Hospitality Workers Union sanctioned a strike at major resorts, non-unionization at Tesla plants seems like a very smart decision. A year of strikes and an abnormal war for workers' rights will be devastating for the US economy.And by the way, the strike season began in New York back in January, where 7,000 nurses went on a three-day strike due to staff shortages and wage increases. Among those who followed their example and achieved success are: United Parcel Service's Teamsters Union. United Steelworkers of Cleveland-Cliffs Inc. employees of eco-shops of the company RISE Green Thumb Industries. Phillips 66 plant union.Now the Writers Guild of America (WGA), which announced an agreement with film studios, is on the list of successful actions.As for the UAW's fight against Detroit automakers, the fire is getting worse. Workers at 38 General Motors Co. auto parts distribution centres and Stellantis joined the strike. Everyone has their own stakes in this game.The UAW has won support from politicians, most notably Joe Biden, whose decision to stand alongside the pickets is believed to be the first time a US president has shown such clear support for the strikes. The economic attractiveness of his re-election bid directly depends on the results of the protest.Elon Musk accuses the government of speculation and believes that demands for a 32-hour work week and a 40% wage increase will simply bankrupt GM, Ford and Chrysler. In any case, trading in these stocks is too risky right now.Businesses will be forced to accept the strikers conditions (at least partially), although this will lead to increased company costs and increased inflation. The Fed is simply obliged to react, otherwise, something will break in the American economy. Just when?Profits to yall!#ForexChief #Phillips #nasdaq #Market #forexnews #stocks #worldnews #Biden