The US continues to teeter on the brink of economic turmoil, writes Jim Nelles.
Biden asked Congress to step in and prevent a strike, which it did last week, mandating the acceptance of a tentative agreement between the unions and Biden administration.have been working without a contract since July 2022. They could follow one of two paths. Either they strike in sympathy with the railroad unions, or if an agreement is ratified and no strike occurs, they could strike to demand equal increases in pay and benefits.
The U.S. economy is in trouble. Inflation and high interest rates, along with the subsequent decline in the housing market, are all self-inflicted wounds driven by the Biden administration’s reckless spending. An external shock, such as a railroad strike, or even worse, a strike of all transportation workers, would devastate the economy for years to come.
Jim Nelles is a supply chain consultant based in Chicago, IL. He has served as a chief procurement officer, chief supply chain officer, and a chief operations officer for multiple companies.
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