Wall Street Is Talking About Unions More Than Ever
Mentions of strikes and unions on earnings calls have surged this year as the US labor movement gains momentum.
Actor Fran Drescher, president of SAG-AFTRA, speaks to members of the media as union members and supporters picket outside Netflix’s Los Angeles studios in July.
Photographer: Jill Connelly/BloombergLabor is having a moment, and Wall Street has taken note.
S&P 500 executives and analysts talked about unions on earnings calls more this year than any other on record, according to data going back two decades. Mentions of unions and related terms, such as strikes and labor contracts, rose almost 80% from a year ago and surged more than three-fold from 2021, according to a Bloomberg News analysis of transcripts. The subject was brought up on the calls of 81 companies, or 16% of the index.