Pareto-optimal solution to the NYC Transit Strike?
Mike pulls from a WSJ opinion piece on an American Airlines pilot strike to show how an alternate form of the TWU’s Transit Strike (”Normal Operations with a Financial Strike”, or “No-Fist”) could give both sides the same leverage they have now without disrupting transportation for millions of New Yorkers or hurting the local economy. No-Fist strikes also structures incentives so that both parties have more and more reason to resolve their differences each day into the strike. This kind of thing fills the economist in me with glee, even though a No-Fist strike is unworkable in this particular case, for reasons Mike points out.
