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Topic: How can strikes affect short-term inflation? - page 2. (Read 249 times)

sr. member
Activity: 1302
Merit: 250
November 04, 2021, 11:35:41 AM
#7
Theoretically, of course, we already know about what is meant by the purpose of this strike, because it is true that there is no element of workers in a production process, will result in the production process will not run well and smoothly and achieve its goals.
and when they strike in a job automatically the production they do will go on strike and eventually will make the time longer and not on target, this is one of the factors that is the main reason for the ban being carried out there.
moreover this is related to the education sector and teachers because if they go on strike it will automatically be affected by the students who are thirsty for education who will be harmed.
indirectly, strike is one of the problems that can disturbing the business world and influencing in a negative context
working relations, harmony in industrial relations and harmony social life of the community because it involves many related parties and
participate.

but on the other hand this should be protected because again loyal workers who strike must have a reason behind the strike and they should be protected as you said in your thread because if it is not like that then it means the work they do what is the difference with slavery which only has to submit to those who have authority and surrender to fate.
Ucy
sr. member
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November 04, 2021, 11:34:17 AM
#6
Well, I wish both parties consider the consumers first in the negotiations. That will likely prevent a strike action or deals that are unfavorable to the consumers. Lots of times both are more concerned about themselves and not those they are established to serve (the consumers).
I noticed how companies behave when pay increase (for example) is demanded by employees, they push the expenses to the consumers and the employees don't care too much as long as they have more money in their bank accounts. It should always be about others first for both the employers, employees, and even consumers.
sr. member
Activity: 1680
Merit: 259
November 04, 2021, 11:25:05 AM
#5
I am actually in a neutral point where indeed when they made an amendment they actually had a clear purpose and purpose.
And when you look at what Virginia did in fact outline this statement outlawing all civil service strikes, the new law seems to only apply to public school employees.
this is based on the events of 2018 in which 20,000 teachers and other school personnel left their jobs due to a prolonged dispute over salaries and caused the world of education to be completely paralyzed and schools closed for some time.
Their reasons may be said to be reasonable because indeed when talking about a teacher who incidentally is a role model, it would be very unethical when talking about salary.
On the other hand, teachers are also normal human beings who really need money to survive because it is only from this salary that they can survive.
I think it's good for the government to make amendments in the hope that they don't want to make the world of education die completely due to the same case, but on the other hand, the rules they apply are against the norm and are difficult to accept.
copper member
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November 04, 2021, 11:09:33 AM
#4
I feel that the title doesn't match with the content. This discussion is more about the rights to strike/protest. IMO people have the rights to protest/strike but at the same time the company also has the rights to fire the worker and go bankrupt.

Anyway, regarding to the title, yes supply shock affects price inflation of affected goods/services in the short term. Let's say your company produces 100 BTC silver figurine (collectibles) per day, and your employees stop working for a week. If the demand is constant (ceteris paribus), the BTC silver figurine will be more expensive.

But the price of eggs will be the same.

If the strike becomes massive, like an entire country stops producing all kinds of goods and services, then you'll have a massive economic problem.
hero member
Activity: 1890
Merit: 831
November 04, 2021, 10:55:15 AM
#3
Strikes are generally *short term* therefore the company theoretically does not loose workers so they still have to work a way out to somehow keep their money flowing, so at the end, they usually increase the prices of their products which ends up causing inflation for the products which they produce and sell. But the whole probelm is the companies not paying their workers correctly or even having flawed laws.
Quote
The U.S. Bureau of Labor Statistics has counted only 12 work stoppages involving at least 1,000 workers since January 2021. That pales alongside the 178 strikes counted so far in 2021 by the Labor Action Tracker from the School of Industrial and Labor Relations at Cornell University
((Data from internet, just in USA alone))
-To increase the efficiency of the workers one has to give them equal rights and protection as well.
- strikes will inevitably affect the prices but it won't be long lived.
-But the problem is not with the strikes but with the companies itself, causing chaos in the whole thing.
- so the only way to solve it would be actually going deeper and improving their laws, rules and regulations.
hero member
Activity: 1414
Merit: 574
November 04, 2021, 10:40:52 AM
#2
The condition of workers' welfare has become an issue that continues to this day.  Not only in Virginia, in various countries the bad rights continue to be suppressed by entrepreneurs on the grounds that they have been given salaries set by the government.  In fact, the wage is the minimum wage.  Entrepreneurs argue that if the labor costs are too expensive, they will go bankrupt and it will be difficult to make a profit.  That's why, whether it's a worker or not, really nothing has changed other than changing yourself and getting out of your comfort zone.
sr. member
Activity: 1848
Merit: 341
Duelbits.com
November 04, 2021, 10:31:47 AM
#1


We all know that the strike movement carried out by factory workers is an act of their protected rights as one of the forms carried out between workers and the company. Conducted negotiations but reached a dead end and did not reach an agreement (in a simple sense, the Company refused to negotiate with trade unions or workers).

But the fact is that the West Virginia state strike law is neither allowed nor is it legal amendments for labor unions 1.

Isn't this like working as an endless stunt. They are required to achieve the company's target as the fulfillment of production from various sectors. But on the other hand they do not have the right to submit a request as a form of agreement between two parties who agree to do what is asked by the company but the company must also fulfill what is their right as workers.

Not only employee workers, but the teacher's strike which is the main spearhead of education is even illegal there for them to go on strike 2. according to the West Virginia legislator "public servants have no right to strike, they make a political statement by enshrining it in legislation and also ensuring that any future changes in legal thinking on this issue will not change the law in West Virginia". Sources say nearly 47% of workers had gone on strike until October3.

Conclusion:
Based on the case that occurred above, how can this be justice for workers who are only considered as slaves in the country they live in without individual rights that should be protected by law to establish good relations between the two elements (workers and companies) in order to carry out their duties. the goal is equal economic income.
As the title above: How can strike work affect short-term inflation?


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