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The ongoing machinists' strike at Boeing highlights the growing disparity between owners and earners. While Boeing has offered a substantial raise, it pales in comparison to the rising cost of living over the past decade, underscoring the need for a mechanism to redistribute wealth more equitably.
- Machinists' strike at Boeing nears one-month mark, costing an estimated $1 billion per month.
- Boeing offered a 30% raise over four years, while the union is asking for 40%.
- Boeing machinists' wages have increased only 8% over the last 10 years, compared to a 40% rise in consumer prices.
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