2
2
0
EXECUTIVE SUMMARY
Potential Economic Costs: Analysts warn that a strike could cost the U.S. economy between $4.5 billion and $7.5 billion weekly, with significant repercussions for various sectors reliant on just-in-time inventory systems23. The administration is aware that even a short disruption could lead to increased consumer prices and supply shortages.
## Stance on Federal Intervention
No Plans for Taft-Hartley Act Invocation: The Biden/Harris administration has indicated that Biden does not plan to invoke the Taft-Hartley Act, which would allow for an 80-day cooling-off period in labor disputes threatening public safety or health. The administration is focusing on supporting collective bargaining rather than intervening directly in the negotiations.
Potential Economic Costs: Analysts warn that a strike could cost the U.S. economy between $4.5 billion and $7.5 billion weekly, with significant repercussions for various sectors reliant on just-in-time inventory systems23. The administration is aware that even a short disruption could lead to increased consumer prices and supply shortages.
## Stance on Federal Intervention
No Plans for Taft-Hartley Act Invocation: The Biden/Harris administration has indicated that Biden does not plan to invoke the Taft-Hartley Act, which would allow for an 80-day cooling-off period in labor disputes threatening public safety or health. The administration is focusing on supporting collective bargaining rather than intervening directly in the negotiations.
reuters.com
Posted from reuters.com
Unions
Economy
Consumer Goods
Posted 3 mo ago
Read This Next
Continue with Facebook 
Continue with Google