Expert Warns Railroad Strike Would Cause ‘Real Damage in the US Economy’
A Harvard professor warned that a looming railroad strike could cause significant disruption to U.S. supply chains that most Americans would notice.
“I cannot imagine a larger and more rapid hit to supply chains than a rail strike,” said Jason Furman, a Harvard economics professor and a top adviser who served in former President Barack Obama’s White House, according to a recent interview with Politico.
“It would be faster and more immediate than any of the supply chain problems we’ve seen in the last year and a half and a large majority of Americans would notice it, whether it’s delays in packages arriving, higher prices, more traffic, and the like. It would be about as big, rapid, and negative as you can get,” he said….