Yahoo Finance published this video item, entitled “Kaiser Permanente workers are the latest to join wave of union strikes” – below is their description.
Kaiser Permanente workers have announced a strike with their main focus being on wage increases. This echoes the general demand of unions that have gone on strike recently. Goldman Sachs Chief U.S. Economist David Mericle joins Yahoo Finance to break down the connection between inflation and why unions are speaking up now. Mericle explains that while non-union workers can bargain to receive wage increases, union workers are often locked into longer-term contracts: “Basically what we’re seeing is kind of the last leg of that wage surge in response to high inflation in a tight labor market.” For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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