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45,000 workers across 36 US Ports went on strike at 12:01 AM today. Some analysts say this will cost the U.S. economy $5 billion every day the employers refuse to offer a fair deal. . Make no mistake—the GREED of maritime shipping companies is the root cause of this strike. But there are other factors, such as rising automation, that caused the strike to happen NOW. . There are rumors that the union president Harold Daggett times the strike to make the Biden-Harris admin look bad ahead of the election. There’s no hard evidence of this, but it is TRUE that Biden has the power to stop the strike through a rarely used presidential power authorized by the Taft Hartley Act. . This is my longest mobile video ever. I like getting into more detail, so if this is something you’d like to see more of please let me know. . . . #dockworkersstrike #strike #longshoreman #union #business #economicnews #legalnews #financialeducation #money

Duration: 185 sPosted : Tue, 01 Oct 2024 20:26:26

Attorney Ryan

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Verbal complaints are only worth the paper they’re written on (nada!) . Make reports of unlawful workplace behavior IN WRITING! . . This is educational content for discussion and information only. It’s not legal advice for any specific situation. . #work #business #selfesteem #selfimprovement #financialliteracy #workmemes

California raised the minimum wage for fast food workers to $20/hr. Critics feared that this would lead to huge price increases and significant job losses. . 7 months later, we have some surprising data. . Prices went up, but not as much as expected. There were some initial job losses, but then something unexpected happened when the wage increase took effect. . Also… we need to talk about the Panera situation. . I understand that there are many sources of information of various degrees of credibility. As a workers rights lawyer, my goal here is to gather the evidence based on consensus and credible research. You CAN find sources that dispute this data, but not everything we read is accurate. . Ultimately, I return the question to YOU. Was the wage increase a net good, or are there consequences we need to look out for? . . #california #minimumwage #fastfood #healthcareworkers #panera #business #businessnews #working #money

Boeing is in serious trouble… 33,000 factory workers are still on strike. It’s facing serious production challenges and delays. It’s lost $5 billion dollars in a month, and it’s cut 17,000 jobs. If things don’t turn around, it may have its credit downgraded to “junk” status. Will Boeing be able to pull out of this tailspin? . . . . #stockmarket #stocknews #workingclass #union #unionstrong #business #businessnews #financialeducation #selfhelp #boeing

45,000 Dockworkers agree to suspend their strike until January 15. There will be delays and increased shipping costs as they catch up, but otherwise work on ports will resume normally. The dockworkers union will use this time to negotiate a final agreement, with some sources saying the employers are willing to meet their demand of 62% raises over the life of the new agreement. No final word on where the corporations stand on the unions demands to prevent automation.#business #economicnews #businessnews #workingclass #money

Since ending pensions for its workers in 2014, Boeing wasted spent $39 Billion pumping its own stock price with share buybacks. . Not for research, not for improved safety or engineering, not on the people who actually built the aircraft. . They pumped the stock. . Boeing spent a further $20 billion on dividends for shareholders since ending the pension. . It’s clear: Boeing funneled billions, some of which rightfully should have gone to employees, and wasted it playing the stock market. . . . . #boeing #stocks #moneynews #economicnews #financialliteracy #business