Unions on the Rise: A Look at Key Labor Actions in 2023 and 2024
The recent dockworkers' strike on the U.S. East and Gulf coast has brought attention to the growing mobilization of unions in the country. From logistics to automotive to healthcare, here are some of the key union actions that have taken place in 2023 and 2024:
- The International Longshoremen's Association walked out at major U.S. ports, impacting 57% of the country's container volume.
- Teamsters union workers at United Parcel Service avoided a strike with a new contract.
- Boeing workers went on strike seeking better pay and benefits.
- General Motors, Ford, and Stellantis ratified deals with United Auto Workers members.
- Writers Guild of America and Hollywood actors reached agreements with major studios.
These labor actions have the potential to disrupt various industries and impact the economy. It is important for investors and individuals to stay informed about these developments as they can affect financial markets, supply chains, and consumer goods. Stay tuned for more updates on labor actions and their implications on your investments and finances.
