An economic strike results from a failure to agree on the terms of a contract.
“Economic strikers” are workers who go on strike to request an economic concession from their employer, such as increased salary, fewer hours worked, or better working conditions. These protesters are still regarded as workers. The employer cannot terminate these strikers, but they can be changed.
Long-lasting strikes frequently have a detrimental effect on employment, reduce company confidence, and increase the risk of stagflation. Such attacks can seriously impede economic growth and investment opportunities.
Thus, it is an economic strike.
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