The Port Strike Could Destroy Trucking - 9/18/2024

My Dad is a retired UAW worker, and he would agree with this statement! The story's he has of worthless workers and the #### they pulled cause of Union protection

 

Sounds like few bad apples ruins it for the rest. Never been a union member so I don’t know how it goes. Just what I’ve heard from friends.

 

Corporate Profits After Tax (without IVA and CCAdj)


‘Greedflation’ caused more than half of last year’s inflation surge, study finds, as corporate profits remain at all-time highs

https://hbr.org/2014/09/profits-without-prosperity

 

Any articles from non-progressive authors that don't start with complete BS, class-warfare rhetoric?

 

The first link is from the Federal Reserve, and offers just data with no interpretation.

The second is from Fourtune - center right. The opening line is from a market anyalyst at France's 3rd largest bank.

The final is from an academic who has worked with Marco Rubio.

But if you don't like any of these, simply look at the earnings report from Pepsi, Procter & Gamble, Home Depot, etc. Production costs are lower, wages are stable, profits are up.

 

From what I understand,is they want to automate the ports.

 

They don't pay #### for being on strike though. At least the one I was part of anyways. The pay would have barely covered 3 meals and the gas to get to the yard.

 

I'm all for technology but at same time I believe tech that eliminates jobs is a double edged sword with long term consequences! Tech should ASSIST but NEVER EVER replace. The strength of any given country is its Middle Class with zero exceptions. And developing tech that replaces the human worker greatly will affect the middle class only, which in the long run will change the face of society in any country. Effectively becoming a 2 class society, rich and poor! So it's like opening Pandora's Box! The same applies to tech and A.I, careful for what one wishes for!