Sunday, August 21, 2022

Inflation Just Does Not Come From Cheap Money, Stimulus, and Pent up Demand, But Unions and ESG Are Guilty As Well

 "...Canada’s largest private-sector union is trying to capitalize on a shortage of workers and high inflation to win bigger wage increases and grow its membership.

Unifor, which represents 315,000 workers in more than 20 sectors, has about 400 collective agreements to be concluded this year. It wants to attract new members in growing industries like warehousing and electric vehicles, according to the union’s new president. 

Unifor secured a 25 per cent  wage increase over four years for some classifications of casino workers, after an eight-day strike. Cleaning service providers won a 19 per cent  pay hike over the same period. 

Payne and other labor leaders, who see the inflation crisis as an opportunity to grow their membership and expand union coverage. Canada’s unionization rate is currently about 27 per cent , compared to 10 per cent  in the US and 24 per cent  in the UK...."

https://www.bloomberg.com/news/articles/2022-08-19/top-canadian-union-boss-pushes-for-inflation-beating-pay-hikes

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