Strikes are the last, most powerful resort for unions hoping to gain some leverage in contract battles with management. But if New York City is a testing ground, unions may be facing a troubling future.
The NYC transit workers went on strike this week, hoping that a shutdown of city transportation would bring City Hall to its knees, and force the government to acquiesce to wage and benefit hikes. According to this Associate Press report, however, despite the shutdown, it’s basically business as usual for many local companies, who have simply allowed their employees to work remotely.
Clearly, there are a lot of jobs in New York City for which working from home is not an option, such as in retail and the service industry. But for segments like the financial industry, technology makes a big difference, said Frank Lichtenberg, professor of economics at Columbia Business School.
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