3 Things You Should Know About Small Business: Nov. 29
NEW YORK (TheStreet) -- What's happening in small business today?
1. Fast-food workers strike in New York in an effort to unionize. The New York Times is reporting that fast-food employees at several restaurants including McDonald's, Wendy's, Domino's and Taco Bell walked off the job on Thursday, protesting low wages and retaliation against workers who have supported the unionization campaign. Experts are saying that it was the biggest effort so far to unionize fast-food workers in the U.S.
Past campaigns have been challenging because fast-food jobs have high turnover, one expert tells the Times.
The Times, citing the New York State Labor Department, says median pay for fast-food workers in New York City is around $9 an hour, or about $18,500 a year for a full-time worker.
Yet one labor relations professor says the campaign to unionize will be difficult, particularly against large corporate-owned restaurants.
"It will be harder to unionize them than carwash workers because the parent companies will fight hard against it, because they worry if you unionize fast-food outlets in New York, that's going to have a lot of ramifications elsewhere," Richard W. Hurd, a labor relations professor at Cornell, tells the Times.
2. Is your supply chain disaster-proof? A result of Hurricane Sandy, which is estimated to have caused $30 billion to $50 billion in damages, is that the freight transportation industry will benefit.
"The clean-up and rebuilding phase following the super storm is what gives the transportation industry its light at the end of the tunnel. Fleets are expected to see an increase in activity in the coming months with demand on the rise. Construction companies and the flatbed carriers that haul their materials will experience quite the surge," according to BlueGrace Logistics.
Flatbed carriers aren't the only ones to benefit: Dry-van carriers will also see a boom in business as retailers need to replenish lost merchandise. One consultant predicts the storm will generate $15 billion in additional revenue for trucking over the next year.