this post was submitted on 19 Sep 2024
67 points (98.6% liked)

Economics

463 readers
42 users here now

founded 2 years ago
 

The strike at Boeing by 33,000 members of the International Association of Machinists union, which reaches its seventh day today, has already cost the company and workers $572 million, according to an estimate from Anderson Economic Group.

And the pace of losses will climb rapidly if there’s no settlement, as soon as the second week of the strike, said Patrick Anderson, the founder and president of the Michigan research firm, which has experience estimating the cost of economic disruptions like strikes.

you are viewing a single comment's thread
view the rest of the comments
[–] assembly 4 points 3 months ago (1 children)

Probably shouldn’t have done those stock buybacks:

[–] [email protected] 3 points 2 months ago

Airlines took 50b during covid...

Airlines were also bailed after 9/11 among other times.

Airports are in pathetic condition. Flying is unreliable and expensive.

Where is the money going?