Costco’s unionized workers, represented by the Teamsters union, have overwhelmingly voted to authorize a nationwide strike. Over 85% of the more than 18,000 members cast ballots in favor of taking action, signaling a significant escalation in labor negotiations. This decision comes after what the union describes as a failure by Costco to meet their demands for fair wages and benefits.
The Teamsters are clear that the strike authorization is a direct result of Costco’s refusal to negotiate a contract that reflects the company’s massive financial success. The union points to Costco’s recent annual revenue of $254 billion and net profits of $7.4 billion—a 135% increase since 2018—as evidence of the company’s ability to afford significantly improved compensation for its employees.… Continue reading
I must admit, seeing the news about the Union for 45,000 US dockworkers agreeing to suspend their strike until Jan. 15 to provide time to negotiate a new contract came as a relief. With the recent influx of panic buying and hoarding due to fears of a potential strike, it’s reassuring to know that a resolution is in the works. The fact that this decision removes unnecessary variables and suffering from the equation is truly a breath of fresh air. It also avoids the optics of politics and keeps the issue in the business arena, ensuring that paychecks will continue to come in for the workers who rely on them.… Continue reading
The recent strike by ILA longshoremen along the East and Gulf Coast ports is causing quite a stir, with billions in trade being stranded as a result. As I reflect on the situation, it’s clear that there are multiple perspectives to consider. On one hand, the demand for a 77% pay increase and a ban on automation raises important questions about the future of the industry. The push for automation in ports has been met with resistance, as longshoremen fear losing their jobs to machines. However, witnessing firsthand the efficiency and organization that automation can bring to port operations, I find myself torn on the issue.… Continue reading
Matt Underwood 
John Q. Hosedrinker