For the first time in 30 years, Congress intervened to avert a rail strike that the White House and business experts said would hurt the U.S. economy.
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The bill adopts a tentative agreement reached in September between union leaders and freight operators. Four of the 12 unions representing rail workers have since rejected the deal, setting up the impending work stoppage.
The agreement includes a 24% pay increase over five years, $5,000 bonuses, voluntary assigned days off, but only one paid day off. An additional measure passed in the House would have provided rail workers with seven paid sick days.
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#railstrike #congress #railroad
What happened to *not* capitulating with terrorists?
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The current inflation rate is 8.5%. If that holds for 5 years…hmm….24% raise…hmm…gee…not a winning purchasing power combination. Union Joe, eh?…more like union bustin’ Reagan. So don’t bother paying union dues if your industry is deemed “essential to the nation”. How come “too big to fail” always favors the corporate class? Make up your mind….free market capitalism or government regulated socialism?
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Present? Obama still in the Senate?