What are your thoughts on the impact of the overall US economy from the tentative railway labor agreement once it is finalized? (Tony Hatch - ABH Consulting)

20161212 Tonyhatch (Cropped)

Example: +24% on wage over 5 years?  Remember that’s 2+ years of back pay! And compare the wage inflation to general (CPI) inflation. Also, rails used to say – with pride – that they had the highest-paying blue-collar, union jobs in North America. There’s something important beyond pride here, and reliability and resiliency have a cost…