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Monday, September 19, 2022

Expert warns Biden's deal to give rail workers a 24% pay rise will lead to more huge settlements

Experts have warned that Joe Biden's deal to give rail workers a pay increase to avoid major shutdowns on Friday could lead to more large settlements in the future. 

The Biden administration reached a tentative deal on Thursday to raise rail employees' salaries by 24 percent, but labor experts say the deal could embolden future strikers. 

'This is a very, very contentious time,' Michael Lotito, co-chairman of the Workplace Policy Institute at Littler, told the Wall Street Journal. 'I think that is going to embolden unions to ask for more.'

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And who's going to pay for all those pay increases by the time it's all said and done? That's right, the consumer.
That's NOT how you curb inflation, Biden.