respond to the post below with microeconomics terminology value-added comments:

This article talks about auto workers wanting higher wages and benefits. It states that the employees could be going on a six-week strike. This strike could cause problems for the companies and employees depending on if the companies will meet their demands. This could have an effect on inflation with companies might having to raise prices. Zahn says, "consumers and dealers...will suffer another $2 billion in losses as car owners delay repairs and sellers lose inventory." Although employees who choose to join the strike get strike pay, they only receive "less than half of their income." (Zahn, 2023) There may not be a fast demand for production. This strike could be the result of "job losses." Supply shortage could be at an all-time high.

Reflection:

After all the strikes that have occurred over the past years you think jobs would care to treat their employees right by paying them their worth or meeting their needs. I think a six-week strike is too long but if that's what they need to do to get their point across I support it. Due to seeing how much money companies are losing they should give the employees what they want. It's not like they would go broke for paying their employees their worth. Companies like these are another example of a monopolistic business.

Reference:

Zahn, M. (2023). Strike against automakers could slow U.S. economy, trigger job losses.ABCNews https://abcnews.go.com/Business/strike-automakers-slow-us-economy-trigger-job-losses/story?id=103182031