U.S. President Joe Biden said Thursday that a tentative railway labour agreement has been reached, averting a potentially devastating strike before the pivotal midterm elections.
U.S. President Joe Biden said Thursday that a tentative railway labour agreement has been reached, averting a strike that could have been devastating to the economy before the pivotal midterm elections.
"These railworkers will get better pay, improved working conditions, and peace of mind around their health care costs: all hard-earned," Biden said. "The agreement is also a victory for railway companies who will be able to retain and recruit more workers for an industry that will continue to be part of the backbone of the American economy for decades to come."
In the speech that followed, Biden recognized that he wouldn't be in the White House without the support of unions such as the UAW and the International Brotherhood of Electrical Workers, saying autoworkers "brung me to the dance." Biden faced the same kind of predicament faced by Theodore Roosevelt in 1902 with coal and Harry Truman in 1952 with steel – how do you balance the needs of labour and business in doing what's best for the nation? Railways were so important during First World War that Woodrow Wilson temporarily nationalized the industry to keep goods flowing and prevent strikes.
Biden also knew a stoppage could worsen the dynamics that have contributed to soaring inflation and created a political headache for the party in power.
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