On September 15, 2022, freight railway companies and their workers reached a tentative agreement after President Joe Biden intervened in marathon negotiations to avert a strike that could have paralyzed the economy.
“Sometimes there’s a narrative that, ‘Oh, I’m going to have to pay 24% more for fill in the blank,’ ” because that’s the wage increase that’s been proposed, said Carl Van Horn, Distinguished Professor of Public Policy and Director of the John J. Heldrich Center for Workforce Development at Rutgers University. “It doesn’t work that way. The economy is much more complicated than that.’’