The Machinists Union at Boeing are on strike. Boeing is the most significant resource for good jobs in the United States that mostly provide solid exports and thus great act in balancing the trade deficit. When over 18,000 assemblers (they dare call themselves machinists!) are idled, the trickle down effect will be devastating because all these workers do is to assemble pieces that have been made in almost every machine shop across the nation. This will idle over 180,000 additional real machinists who are mostly innocently non-union people for the most part and lacking the support of a union to help pay the bills while not working. Since it is a well proven fact that every manufacturing job supports five non manufacturing jobs.... (One manufacturing hour's output is eventually sold at an average $120.00, so at $20.00 hour rates this is six people) the effect is bound to be cataclysmic in loss of revenue across the nation.
Boeing has said they will not recover from this strike and I believe them. The French will mobilize Airbus to the nth degree to steal Boeings customers and have the Brits and other European nations behind them so there will be no shortages of parts for Airbus.
Thus in one fell swoop our great labor union mentality, avarice and self-indulgence is about to put us into bankruptcy. They have done it to almost 80% of all manufacturing jobs already by sending them to Mexico and China. Now they are giving the EU the golden eggs and killing the goose itself that used to live and thrive in this nation.