Why Wall Street might want a strike at NWA - Jay Maynard

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Thursday, 18 August 2005

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1720 - Why Wall Street might want a strike at NWA

wbwolf asks in a recent LJ entry, "why would anybody hope for a strike to occur?" He then posts a thoroughly left-wing take on why strikes are bad but sometimes necessary, without once considering the company's side of the story.

This article at CNN/Money has a bit more explanation; basically, the Wall Street view is that Northwest Airlines has to get its costs down, and the strike will actually help NWA do just that. By doing so, it will decrease the chances that the airline will have to file for bankruptcy.

I still don't see why the union is preparing itself for this course of action. No, their choices aren't very palatable, but how can they possibly think that they'll gain a better deal this way than by accepting NWA's offer? The results of a successful strike will be either forcing NWA into bankruptcy, or making themselves irrelevant and allowing NWA to hire replacement workers. That's what I don't get, myself.

current mood: [mood icon] irritated

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