The Economic Impact of Strikes

Ask an expert: How could labor strikes affect the economy and the ...

Penn State News spoke with three faculty experts to discuss what the shutdowns mean for consumers and for the Democratic and Republican presidential tickets.

Will U.S. port worker strikes negatively impact the economic outlook?

The strike is unlikely to negatively impact the US economy unless it continues for a very extended period without intervention.

The Economic Impact of Strikes: An Historical Boeing Case Study

A looming, large-scale strike that could have notable economic impact, contributing to decreased productivity, drops in revenue, and economic uncertainty.

Evaluating the economic impact from US port strike if it persists

The short-term ...

What recent research says about the benefits of labor strikes and ...

What recent research says about the benefits of labor strikes and growing worker power for broader U.S. economic growth · Strong unions push ...

Port strike could reignite inflation, with larger economic impact ...

Port strike could reignite inflation, with larger economic impact dependent on how long it lasts ... A strike hitting ports along the East and ...

Economic impact of the ports strike | EY - US

ILA strike may reduce US GDP by $5-7B/week; sectors like auto, electronics impacted. Swift recovery expected, but delays possible.

Manufacturers: Boeing Strike Is Poised to Have Significant ...

The ongoing strike of 33,000 Boeing workers could total a regional economic loss of more than $1.65 billion after just 20 days, according to NAM calculations.

Assessing the Impact of Strikes on Financial Markets: 1925-1937 ...

Using information we collected on strike dates and historical financial market stock price data we assess the financial market's view of these conflicts. We ...

Chapter 19 The economics of strikes - ScienceDirect.com

The economic analysis of strikes begins with the “Hicks Paradox”: it is impossible to build a bargaining model in which each side behaves optimally but the ...

Economic Outcomes of Strikers in an Era of Weak Unions

Panel regressions and event study analysis in the PSID suggest that in the 1970s, striking workers enjoyed a 5%–10% average real pay increase following a strike ...

U.S. port strike will have a modest impact on GDP

The strike by port workers along the East and Gulf coasts of the United States will provide a modest hit to GDP of a little more than 0.1…

Strikes And Their Economic Consequences

“Whilst there are potential benefits from strikes (e.g. better work morale, lower absenteeism, or improved labour productivity), strike action also brings about ...

Major strike activity increased by 280% in 2023: Many workers still ...

The 2023 BLS data on major work stoppages show that over 450,000 workers exercised the right to strike to pursue pay increases, better benefits, ...

The Right to Strike - National Labor Relations Board

Economic strikers defined. If the object of a strike is to obtain from the employer some economic concession such as higher wages, shorter hours, or better ...

The Economic Effect of Strikes on the Shareholders of Nonstruck ...

Prior research has established that strikes incur significant economic losses for the struck firms. This event study of intraindustry strike effects in ...

How the UAW strike could have ripple effects across the economy

Striking workers won't be getting paychecks while they're out of work. They will receive $500 a week in strike pay from the union. But on ...

Estimating the Economic Impact of the Recent Auto Worker Strikes

The initial loss of $49.9 million in output results in an additional loss of $11.9 million in output, $6.1 million in value added, and $3.7 million in labor ...

What to know about this summer's strike activity

Moreover, striking workers are vulnerable to employer retaliation: Workers can lose their jobs or benefits or be held liable for economic ...

Striking unions impacting the economy at a level not seen in decades

"After the inflation shock we've gone through, workers are going to demand more money, given the ... likelihood that they've lost ground during ...