Thoughts on the possible rail strike-it may not be over

[FRB]

You like lower wages for your time? I don't!

I did not say that or infer that. BIG DIFFERENCE!

For sure one thing I do not like is overpaying for product and that will be the result of this new "deal." Just like vehicles today, much money goes to paying pensions for people who simply showed up to a building for so many years.

 

[Jezman]

I did not say that or infer that. BIG DIFFERENCE!

For sure one thing I do not like is overpaying for product and that will be the result of this new "deal." Just like vehicles today, much money goes to paying pensions for people who simply showed up to a building for so many years.

So what did you you say or infer with your three words? Ya ok sure?

 

[FRB]

So what did you you say or infer with your three words? Ya ok sure?

Did you read my last sentence, it explained! Forcing more pay than a job is worth makes ME overpay for product.

To blame a company for low wages is lazy.... You are your own master.

 

[Saltwater60]

Did you read my last sentence, it explained! Forcing more pay than a job is worth makes ME overpay for product.

To blame a company for low wages is lazy.... You are your own master.

Correct. Don’t like the wage find a better job. Don’t like the starting pay interview elsewhere. Oh wait a railroad engineer with no degree or skill except driving a train can’t even make close to $100,000 anywhere else. I’m not saying it isn’t a skill to drive a train or it’s not a complicated job or that they shouldn’t be paid fairly but it’s a hefty salary for what they do. FRB is correct this cost will just be passed onto the consumer in our everyday goods and services and inflation will continue to rise. The feds will continue to raise interest rates and your homes will lose value. This is downward spiral and will now happen many times over and over.

 

[Saltwater60]

Maybe you need to go work for the RR. They all are hiring.

I’m not interested in driving a train. I’d find it boring. I’m happy with my job and salary.

All I’m saying is there are more complicated job that require more skill, more risk, more education that do not pay nearly this salary. I get it happens and I’m ok with that. With my associates degree I made more than many with a masters degree, and in some cases it makes sense. Im not saying it made sense in my case or I’m that exception, but I worked hard to have the job I have.
All I’m saying is the only reason they did this is because they have the country by the balls right now and they knew they could. The wage demand and increase in this instance was unreasonable to me. Would I take it if I was them? I’d take it for sure, but I would have been happy with less. They will shoot themselves in the foot someday. They will be replaced with automation when it becomes cheaper and with 5% raises annually it’s likely not far off. In addition the RR companies can and will invest in better technology so that the trains can haul more cars and they will need fewer engineers down the road.
What people don’t understand is these things are truly not victories except for a very few people. You know who wins? The union because they will get more in dues and the few remaining engineers that will be left in 10 years. Just wait until this leads to the economy slowing, because it will, and 40% of the engineers get laid off. They will be crying then. By the time the economy turns around the train companies will have invested in better trains to pull more cars, in part because of this raise, and they will need less engineers and they will not all get hired back. Joe smoe engineer making $120,000-$140,000 will then have no job and have to sell his house because he will end up taking a lower paying job just to have a job.
People need to look at the big picture. I have seen this happen first hand a few times at my previous employer and the last time it was directly related to the union and employees fighting for unreasonable health insurance costs. 15-20 employees were replaced with robots that do pick and place because at the time they signed the contract demanding super cheap comprehensive health care the robot became cheaper. I was in management and I know for a fact the company looked at this same robot and declined it because it was too costly and cheaper to keep the employees. People can’t always see what is past the front of their faces and I fear this will be one of them.
Remember in the long run this gives the government more control because we will need UBI because there will be less and less jobs as wages and health care costs increase. Maybe I’m right, maybe I’m wrong and you have every right to disagree with me, but this is what I see happening.

 

[spat]

Actually, moreover, thus would be great if it stretched until the midterms, if the Republicans could pull thier heads out of thier asses for more than a breath of fresh air. Imagine, using the supply chain and Mayor Pete on maternity leave as topics for use?

Won't matter.

80% of the democrat voters will never hear it.

They get all their news from the left wing propaganda outlets that will all sing in unison that it's all alternately Trump's and Putin's fault.

 

[spat]

Here are some details on the contract, not much but details the money part. 24% raise from 2020-2024 and $1,000 bonus each and every year. Not sure about you guys but I’m sure now one on here get 5% raises every year, year over year. Their back pay check will be $11,000.
I get lousy 2%’ers. Actually my contract is up in April or may and my last one was three years or so late. My back paycheck was only a couple thousand.

Railroad strike averted after marathon talks reach tentative deal | CNN Business

Unions and management reached a tentative deal early Thursday, averting a freight railroad strike that had threatened to cripple US supply chains and push prices higher for many goods.

amp.cnn.com

Well, we're pushing 10% inflation for a year now. Anything less than a 10% raise this year is a pay cut.

25% over 5 years might just be breaking even soon.

 

[Saltwater60]

Well, we're pushing 10% inflation for a year now. Anything less than a 10% raise this year is a pay cut.

25% over 5 years might just be breaking even soon.

I agree with the 10% for the one year, but this is from 2020-2024. Many of those years had 1-2% inflation and I’m assuming soon with the recession/depression inflation will get back under control soon enough. They will rise rates .75%-1.0% this coming week from what I’m hearing. That’s huge. CC, cars, houses, loans will be slowing to a crawl. Mortgage interest rates are now over 6% and the market is crumbling.

 

[spat]

I agree with the 10% for the one year, but this is from 2020-2024. Many of those years had 1-2% inflation and I’m assuming soon with the recession/depression inflation will get back under control soon enough. They will rise rates .75%-1.0% this coming week from what I’m hearing. That’s huge. CC, cars, houses, loans will be slowing to a crawl. Mortgage interest rates are now over 6% and the market is crumbling.

Rates are rising, but the feds keep pumping cash into the economy at the same time.

Until they stop spending money they aren't removing via taxes, inflation will continue.

 

[Saltwater60]

Rates are rising, but the feds keep pumping cash into the economy at the same time.

Until they stop spending money they aren't removing via taxes, inflation will continue.

The feds can only do so much. Yes they are adding money to the system but if people stop buying things the government can’t buy it all. It’s slowing and prices are dropping on many frivolous things. Next will be essentials. Many stores are offering sales, rebates, and coupons again.
It is hard to predict because energy is jumping up very quickly offsetting the reduction in items. Also food is a wild card because of the issues we’re having producing it and of course it takes energy to produce food.
I think consumer goods prices will drop because people just can’t afford the other items, but will the cost of essentials rise enough to offset the drop in non-essentials?? Time will tell. Also the labor market is something we have not seen in the past and the wages are insane, but if no one is buying those workers aren’t needed.

 

[Jchrisls]

So, according to actual railroad workers, this may not be over.

We haven’t completely dodged a ‘disastrous’ rail strike, rail workers say

Rail workers haven’t seen the new tentative agreement that delayed their strike plans, but currently known details aren’t promising for some.

www.freightwaves.com

 

[Saltwater60]

So, according to actual railroad workers, this may not be over.

We haven’t completely dodged a ‘disastrous’ rail strike, rail workers say

Rail workers haven’t seen the new tentative agreement that delayed their strike plans, but currently known details aren’t promising for some.

www.freightwaves.com

This contradicts what I saw with the 25% raises huh? Who knows.
Seems it’s not over for sure.

Deal averting railroad strike has potential to fall apart

The White House-brokered agreement to avert a railroad strike has the potential to fall apart, threatening widespread economic disruption right before the midterm elections. Rail workers are …

thehill.com

 

[MothMan]

Threat of rail strike rises as members of another union reject proposed labor deal — CNN Business

Rank and file members of another railroad union have rejected a tentative labor deal, a move that further raises the odds that America's freight railroad workers will go on strike sometime next month.

stocks.apple.com

 

[Jchrisls]

Threat of rail strike rises as members of another union reject proposed labor deal — CNN Business

Rank and file members of another railroad union have rejected a tentative labor deal, a move that further raises the odds that America's freight railroad workers will go on strike sometime next month.

stocks.apple.com

Could we look at the bright side? If it could only happen before the election...

 

[spat]

Corperate America is going after everyone's pay. We are least 15 years behind in wages.

Corporations pay a lot of money here for you to be employed.

Remember, all that money uncle Sam leaches out of your paycheck, they do that again on the other side as a payroll tax.

If you see $40k per year take home your employer is probably paying $150k-$200k total for your time.

Don't let the government get you mad at your employer for screwing you when they're the ones really giving it to you raw up the ass.

 

[TEOTWAWKI inc.]

Corporations pay a lot of money here for you to be employed.

Remember, all that money uncle Sam leaches out of your paycheck, they do that again on the other side as a payroll tax.

If you see $40k per year take home your employer is probably paying $150k-$200k total for your time.

Don't let the government get you mad at your employer for screwing you when they're the ones really giving it to you raw up the ass.

Add to that NYS labor laws, always in favor of the worker, with a ton of mandatory sick time, etc.

 

[Jmac00]

LOL, the Mississippi is closed from Memphis south, no water

we only have 20 more days worth of Diesel fuel

and now this, LOL I can't wait for China to take Taiwan

this is going to be fun

 

[masterswimmer]

There won't even be enough fuel or distribution to get coal for you to put in your kids Xmas stocking this year.

 

[Acer-m14]

There won't even be enough fuel or distribution to get coal for you to put in your kids Xmas stocking this year.

what is the current price on a chunk of coal ?

8 min drive for me to the RR tracks here and can fill a 5 gal. bucket in 10 mins ..

need to act fast before GAS is all gone and i can't get there

its for the kids ..

 

[Saltwater60]

They finally had this on the news this morning. No other details.

 

[GOPerfect]

Two more freight unions have rejected the latest labor deal with the freight workers, increasing the likelihood of a major strike on Nov 19, which would decimate bidens already crappy economy by $2 Billion a day.

 

[TEOTWAWKI inc.]

DO IT NOW!!!