How can strikes affect short-term inflation?

[lucates]

As the title above: How can strike work affect short-term inflation?

This has nothing to do with rights.

Strikes will reduce current supply while strike lasts. If it is a significant and coordinated strike prices may skyrocket for a short period (as the demand remains the same). This happened in Brazil in 2017.

So, strikes may increase inflation. But not for long time... prices will get back to normal when strikes ends.

Exactly when the demand of essential goods are remain unchanged but shorten the supply is lead to short term or temporary inflation.

Right to strike should not be limited only to industrial dispute but also economic, social and political dispute too. People are striking for different reasons like  high wages, against corruption,inflation, racism etc.All strikes had their own motive.It's essential for securing all human rights, it provides an essential voice for minority group and it exposes the flows in governance etc.
But here the temporary inflation mostly affected by poor people so we should consider their livelihood too. Because everyone have right to strike "peacefully". When a protest or strike turns violent or obstruct public movement it defeat the very purpose of the protest.

[1715005800]

1715005800

[1715005800]

1715005800

[1715005800]

1715005800

[1715005800]

1715005800

[1715005800]

1715005800

[tyz]

How can strikes affect short-term inflation?

Does the title imply you're staking your name and reputation on inflation being short term? I have to disagree. Inflation will definitely be long term.

I wouldn't be so sure about that. Inflation right now is mainly related to disrupted supply chains and the huge economic recovery after the Corona collapse last year. In 2022 or 2023, that could return to normal, and with it inflation.
In addition, the FED has announced that it will raise interest rates up to four times in 2022. This should also limit inflation.

[Silberman]

Well, I wish both parties consider the consumers first in the negotiations. That will likely prevent a strike action or deals that are unfavorable to the consumers. Lots of times both are more concerned about themselves and not those they are established to serve (the consumers).
I noticed how companies behave when pay increase (for example) is demanded by employees, they push the expenses to the consumers and the employees don't care too much as long as they have more money in their bank accounts. It should always be about others first for both the employers, employees, and even consumers.

Not going to happen, business owners are in it by themselves and no one else and they will do everything they can to get their way, and workers are the same, this is why I have never understood the brand loyalty many people have towards their preferred products, I am the kind of person that is always looking for the best that I can get with my budget and if that means that I need to change the brand of products I am using I will do so without even thinking about it.

[hatshepsut93]

As the title above: How can strike work affect short-term inflation?

Inflation is caused by two things - government printing money or banks giving unbacked loans. That's it, everything else doesn't matter much, certainly not the strikes. Inflation means that the money becomes less valuable as the result of increased supply, so even if the whole country went on strike, it wouldn't shift the value of money much.

[Silberman]

As the title above: How can strike work affect short-term inflation?

Inflation is caused by two things - government printing money or banks giving unbacked loans. That's it, everything else doesn't matter much, certainly not the strikes. Inflation means that the money becomes less valuable as the result of increased supply, so even if the whole country went on strike, it wouldn't shift the value of money much.

And the second reason you are giving is nothing more but banks creating money out of thin air, something that is not known by most people is that banks can also create money thanks to their fractional reserve banking policies and that in fact a great deal of the inflation is not created by governments but instead is created by banks giving too many loans, so we are coming to a point in which the banking industry is not only not protecting the economy but putting it at risk, which is yet another reason to invest in bitcoin and become your own bank.

[fullhdpixel]

the second reason you are giving is nothing more but banks creating money out of thin air, something that is not known by most people is that banks can also create money thanks to their fractional reserve banking policies and that in fact a great deal of the inflation is not created by governments but instead is created by banks giving too many loans, so we are coming to a point in which the banking industry is not only not protecting the economy but putting it at risk, which is yet another reason to invest in bitcoin and become your own bank.

It is very important. Anyone who is not investing their money in cryptocurrency or at least making any kind of investment that would keep their money safe from inflation is taking big risks. When the government and the banks starts printing lots of Fiat money, it would start losing its value and those who have not started holding their assets in the right place would always be the ones that will be affected by the decision that the government decides to make.

As for answering the question that the OP has asked, I think that strikes that like this can contribute to near-inflation. When a strike is a lengthy one, it impacts negatively on the economy.

[Gyfts]

Strikes aren't really factored into any meaningful inflation calculator. You can look at any inflation chart and look at the individual sectors that cause price increases, a strike isn't going to do anything. Inflation is too little supplies and/or too much cash in the economy, for a strike to result in too little supplies you need the energy sector, housing/construction sector, and entire manufacturing industry to collectively go on strike at the same time. It isn't likely.