More labor force upheaval should be expected, Ford School economics professor Betsey Stevenson says as we witness the continued and growing strikes of the UAW, Writers’ Guild, and Screen Actors. While citing the costs of strikes on supply chains, wages, profits, tax revenue, and economic growth, she notes that strikes “were up by more than 50% in 2022 and are on track to be even higher in 2023,” with uncertainty being the primary driver.
