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The Economist - "Striketober: American workers take to the picket lines"

Melanie Wong | Oct 23, 202107:00 PM    

With recent strikes at Frito-Lay, Nabisco, Kellogg's, Heaven Hill, John Deere, the American food supply chain could be affected.

"...A dominant feature of the American economy over the past few decades has been sluggish wage growth, albeit with decent gains just before the pandemic. The question now is whether Striketober signals a clearer turning-point, a shift in the balance of power towards labour. Workers have reason for guarded optimism.

Labour’s share of non-farm output (the portion of economic output going to workers in wages and other forms of compensation) reached nearly 65% in 2000. At the end of 2019, on the eve of the pandemic, it was down to 60%, according to the Bureau of Labour Statistics. Even more notable has been the rise in inequality. Between 1979 and 2019 the top decile of wages in America rose by 41% in real terms, whereas the bottom decile increased by just 7%..."

Striketober: American workers take to the picket lines

In a tight labour market, strikers have more leverage than before

www.economist.com
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