Stock Market Today: Indexes Little Changed, Oil Prices Decline Again
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The surge in strikes is impacting not only corporate bigwigs but also everyday individuals. Last month, the U.S. experienced a loss of 4.1 million workdays due to labor activity, marking a significant increase compared to previous decades. Surprisingly, only 10% of Americans are union members today, a stark contrast to the one-third membership rate in the 1950s, as reported by the Labor Department. This week, the trend continued with an organizing effort taking place at Waffle House, a renowned diner chain.
Waffle House, which originated in Georgia and predominantly operates in the Deep South, has become a symbol of the region's manufacturing activity due to its low wages and 'right to work' laws. Interestingly, the states with these laws align closely with the locations of Waffle House restaurants, whether by coincidence or design.