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How 500,000 Workers Refused to Work in 2023 – And Won Big
Posted On: Dec 27, 2023
Dec. 27, 2023 | ECONOMY | […] on Wall Street, strikes are on the tips of tongues. A Bloomberg News analysis found that S&P 500 executives and analysts talked about unions on earnings calls more this year than any other on record, according to data going back two decades. They, too, have been quick to assure investors that the labor uptick is no big deal. Caesars Entertainment Inc. CEO Thomas Reed told analysts that a recently settled contract with Nevada’s Culinary Union is “going to be the largest increase that our employees have seen” in four decades. “That’s well deserved. It’s anticipated our business model,” he said. Such comments, arguably made to calm antsy investors, are partly bluster. But they also reflect the changed balance of forces in the United States. Business Insider
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