Ruling class trembles at prospect of rail strike across the US
Editor’s note: At the eleventh hour, after 20 hours of talks lasting late into the night, President Biden and numerous officials in his administration convinced union leaders to accept a tentative agreement, averting an imminent national railroad strike. However, the terms of the “Presidential Emergency Board” constitute an effective wage cut over the next five years when factoring in inflation, as detailed in the article below. The ranks of the dozen railroad unions representing 115,000 workers must now vote to ratify the deal. At least one of these unions, the International Association of Machinists, has already voted to reject the terms of the Presidential Emergency Board agreement, which their leaders had agreed to at an earlier stage of the negotiations.