Labor

American workers have just started getting the barest minimum of a few lucky breaks. But that is terrifying to Rattner and his fellow moguls, so they need some sort of rational argument for why these bare scraps of power are actually bad for everyone.

Unfortunately, America’s rail workers are all too familiar with the consequences of how the railroad industry has been operated over the past 30 years. Precision scheduled railroading (PSR) has made the difference. PSR is a business model focused on reducing overhead costs and generating returns for shareholders. Similar to many other business models driven by financialization, it’s effectively  a scheme by giant railroad operators to cut staff and backup resources, push the remaining equipment and personnel to the breaking point, and funnel as much of the cash as possible to Wall Street. And by increasing market concentration even further, the recently approved rail merger between Canadian Pacific (CP) and Kansas City Southern (KCS) promises to make the situation even more dire — for railroad workers, for the communities our rail lines pass through, and for the American economy.

Drabinsky doesn’t face any unfair barrier to entry. He faces consequences for reneging on his own contracts and creating a hostile work environment.

Secretary of Transportation and usual media darling Pete Buttigieg faced a rare grilling from center-left media outlets at the end of last week.

Biden Stands To Harm Workers And The Democratic Party’s Future

This week: inflation hawks double down on brutal rate hikes that will harm workers and the mainstream media goes out of its way to undermine rail workers.

USPS’ next-gen vehicles should be 100% electric and union-made. And DeJoy should be out the door.

Two months after Ithaca, New York, became the first city to unionize all of its Starbucks locations, Starbucks announced a dramatic alteration to its business plan for the city: It was closing a shop with one week’s notice. The coffee leviathan stated the store was closing due to “efficiency” concerns and would not guarantee new jobs for the location’s workers.

Miscimarra will lead the Chamber and IFA’s defense of a rule that undermines the abilities of both workers with multiple jobs and subcontracted workers to form unions.

Powell did not meet with any non-governmental individuals who are not members of or aligned with the financial industry. This stands in stark contrast to Powell’s predecessor, Janet Yellen, who is now the Secretary of the Treasury.