Second day of strike by NYC Transit Workers. News accounts say there is a state law that makes it illegal for them to strike. News says they are striking to protest proposed reduction in retirement benefits for new employees (not existing employees).
If the pension reduction for new employees does go into effect, then in ten or fifteen years these new employees will be most of the work force. At that point they may start wondering how effective the union leaders are at negotiating, and wonder why they send money each month to the union and union leaders. The employees would begin to consider keeping their money instead of sending it to the union.
This strike is about the union bosses protecting their own jobs and protecting the status and clout of the union. The striking employees are only helping protect the long term job security of the union leadership.
Future employees will make a market-based decision of whether the pay and benefits are fair.
This strike is not about future employee's pension benefits - it's about union bosses protecting their fat paychecks over the next two decades.
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