UPS strike could be the most expensive in 100 years
https://www.foxbusiness.com/economy/ups-strike-most-expensive-100-yearsHundreds of thousands of UPS drivers could go on strike by the end of the month, and the walkout could be the most expensive one in the U.S. in at least a century.
That is according to a new analysis from the Anderson Economic Group, a Michigan-based think tank that specializes in the economic impact of labor strikes. The report estimates that economic losses from a 10-day work stoppage could cost more than $7 billion.
"The consequences here of this strike would reach every town in America in a matter of days," Patrick Anderson, president of Anderson Economic Group, told FOX Business.
The $7 billion figure includes UPS customer losses of at least $4 billion and lost direct wages of more than $1 billion. It does not take into consideration strike pay, unemployment benefits, unemployment taxes, income taxes, government spending or settlement bonuses.
UPS could go on strike by end of July. It could be costly.