[[[ForeverAlone]]]

New York (CNN Business)Warren Buffett, the ninth-richest person on the planet, says it's not up to him to settle a strike by 450 steelworkers at a company he owns.

Sen. Bernie Sanders wrote a letter to the Berkshire Hathaway CEO, requesting that he intervene in a United Steelworkers union strike at the Special Metals plant in Huntington, West Virginia. They've been on strike for three months. Special Metals is a unit of Precision Castparts, which is owned by Buffett's Berkshire.
"At a time when this company and Berkshire Hathaway (BRKA) are both doing very well, there is no reason why workers employed by you should be worrying about whether they will be able to feed their children or have health care," Sanders wrote. "There is no reason why the standard of living of these hard working Americans should decline. I know that you and Berkshire Hathaway can do better than that,"
https://edition.cnn.com/2021/12/31/busin...index.html?

[sgbuffett]

The path to hell is paved with good intentions. We all know the story once we keep giving in quickly  to striking workers what happens. Not that the grievences of this group of workers are not real,but the rpocess of negotiation resolve the issues.

Buffett can give too charaties and various causes. But he should not intervene directly in a dispute and just force a resolution.

Sanders proclaimed the solution to all of America's ills is socialism.....another path to hell paved with good intentions.

The American worker was king in the 1950s right up to 1960s because of a shortage of workers and companieis could not relocate at that time. Once they could they moved to places with cheaper labor and the wages of American works stagnate. Companies may not have a choice as cheaper imports flood in from Japan and rest of Asia.

This problem of low wages for workers is worse that 3 dimension chess. Trump tried protectionism in some industries and that path is also a path to hell. 

Actually those workers on strike in US they have better wages and benefits than low wage Singapore workers because of minimum wage, company healthcare benefits and work rules. Singapore's working poor are in far worse condition. But there is no avenue for them to express their grievances ...