While everyone is aware of the great resignation of 2021 very few are paying attention to the great worker strikes across America. Let’s take a tour of what’s happening now.
In California, the city’s sanitation workers are on strike and trash is piling up.
Union workers are demanding higher wages, better benefits and safer conditions. The company has argued to the city that they already provide that to their workers.
News Nation Now
In Colorado, Ski Patrol personnel aren’t happy with wages or their union contract so they are heading out on strike right at peak ski season.
Last weekend the Park City Professional Ski Patrol Association announced that nearly all its 171 members have voted to authorize a strike. Park City patrollers are part of the United Professional Ski Patrols of America, which also includes patrollers at Vail Resorts’ Crested Butte, Breckenridge and Stevens Pass ski areas.
Colorado Sun
Kroger also has 8000 workers on strike in Colorado if 171 ski workers seems irrelevant to you.
More than 8,000 workers at nearly 80 Kroger-owned King Soopers grocery stores around Colorado started a three-week strike on Wednesday as new union contract negotiations stalled.
The Guardian
In Minnesota, 3500 workers are on strike.
Two unions representing more than 3,500 workers at Hennepin County are demanding high wages, more hazard pay and work-from-home stipends as part of its contract negotiations with the county. As of Monday, Jan. 10, the two unions authorized a strike.
Kare11
And this past year, over 100,000 workers were on strike across the country and it looks like 2022 might be a repeat of last year. The net result will likely be new contracts with higher wages, better benefits and perhaps less work hours which all translate into one thing: INFLATION. Oh and don’t forget that 10,000 boomers retire each day depleting the work force of productivity.
Inflation closed out at 7 percent for 2021 and it is likely that this number will remain the same or quite possibly rise despite the Fed’s “intent” to raise interest rates.
The best thing to do now is optimize our investment portfolio for high inflation and that means quality dividend stocks and other income producing investment such as real estate (rental properties) or REITS.