Labor Relations Radio E96—How Should Workers Prepare For A Strike?

LaborUnionNews.com's Labor Relations Radio

Some helpful tips to avoid economic devastation.
With over 1.6 million workers’ contracts expiring in 2023, this year was likely to be considered ‘The Year of the Strike.’

However, as the UAW strike stretches into the second month, and with more strikes likely around the U.S., it is helpful for workers to know how to weather the economic storm that can batter their finances.

Using decades-old helpful tips, this short episode of Labor Relations Radio heklps answers a basic question: How should workers prepare themselves economically before they strike?

Related:

• How to Keep the Wolf From the Door While Walking a Picket Line
• 1.6 million workers will see their contracts expire this year. Will 2023 be the 'Year of the Strike?'

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It’s Time To Start Saving! Contracts will be re-negotiated in the next year or two. Don’t wait until the last minute. Start now!

• Plan a budget, stick to it, save any amount over the limits. Plan to have at least enough saved to cover 2 or 3 months of mortgage payments or rent and living expenses.
• Work overtime, bank your overtime in a separate "strike" account.
• Arrange an automatic deposit from your paycheck directly into that account. If it’s not in your checkbook, you might not have the urge to spend it.
• Pay off or pay down your credit card bills or other bills.
• Delay any major purchases until after your contract is ratified. Don’t buy a boat right before you go out – you’ll spend your time walking the line.
• Save on vacations – explore the wonders of driving around your state.
• If your contract deadline is in the summer – buy your children’s school supplies early.

About 3 months before your present contract expires:

• Start stocking up on non-perishables, packaged foods and household cleaning items. Buy in bulk.
• Fill your freezer with meats and frozen foods.
• Get maintenance or repairs done on vehicles or your home.
• Make sure your Doctor’s appointments or checkups are done before you go out on strike.
• Be sure you have enough medicine and other supplies on hand that you will need.
• Notify any creditors that you may be on strike for awhile –discuss rearranging your payment schedule while you are out on strike. Alerting them beforehand could prevent your credit rating from taking a beating.

Remember to think ahead – start planning now!
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For all prior episodes of Labor Relations Radio, go here.

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