Commentary
Businesses have already been struggling with inflation for more than a year. But this summer, the biggest wave of labor strikes in more than 50 years will further complicate their inflation fight.
Almost 700,000 workers, across several companies in different industries, are threatening to go on strike this summer in an effort to secure higher wages and more benefits. In all, 2023 is shaping up to be the biggest strike year since the 1970s.
Two strikes are already occurring in Hollywood, with the writers’ and screen actors’ guilds both walking off their jobs by July in the first twin strike in Hollywood in six decades. Together, these strikes could prove to be absolutely devastating for the media and entertainment industry….