Boeing strike looks like a winner

How does labor strife affect business in the current climate? Capital is and will continue threatening workers that it can't meet payroll because of difficulty accessing credit lines, but how does labor strife affect that same access to credit?

I don't know if that had anything to do with it, but Wall Street appears to be pressuring Boeing management to concede to workers' demands. Business Week asked last week, why doesn't Boeing settle? They're losing more money and jeopardizing future production by not settling. And on Friday the LA Times lamented that the strike had postponed the launch of Virgin Australia and was stifling business travel in Southern California.

If Wall Street is blinking on the Boeing strike, it's time to kick them when they're down. I hope the payback's hell.

No comments: