Even as rent growth cools, sticker shock lingers
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 3 September 2024
⏱️ 8 minutes
🧾️ Download transcript
Summary
Lots of folks had Labor Day barbecues this past weekend, but plenty spent it moving too. It was a big move-in weekend for renters. And while rent prices have been moderating, they’re still way higher than they were a few years ago. We’ll hear more. But first: why so many hotel workers are going on strike and how the FAA is looking to curb a shortage of air traffic controllers.
Transcript
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| 0:00.0 | Why so many hotel workers are going on strike. |
| 0:05.0 | From Marketplace, I'm Sabrie Ben Ashore, in for David Brancaccio. |
| 0:09.0 | Strikes are continuing today at several large hotel chains. |
| 0:13.0 | More than 10,000 hotel workers went on strike over the holiday weekend in nine cities, |
| 0:17.6 | including Baltimore, San Francisco, Boston, Honolulu. |
| 0:21.0 | Workers are demanding higher pay, adjusted workloads, and return to some pre- Pandemic conditions. |
| 0:26.6 | Marketplace's Henry Epp has more. |
| 0:28.9 | When pandemic lockdown's upended the travel industry, many hotel companies cut back their staffing and stopped offering |
| 0:34.7 | some services like daily room cleaning. The Unite Here Union, which represents many hotel workers, |
| 0:40.4 | says that some companies never brought those services back and didn't rehire enough |
| 0:44.8 | staff after the pandemic subsided, even as travelers returned to hotels. |
| 0:49.8 | The union says that's caused some workers to lose jobs in income and left remaining |
| 0:53.9 | hotel employees to pick up heavier workloads. So far contract negotiations |
| 0:58.5 | between the Union and hotel chains have been unsuccessful. Both Hyatt and Hilton have said they're willing to continue |
| 1:04.7 | negotiations, according to media reports. Marriott has not publicly commented. Strikes over the weekend |
| 1:10.8 | were scheduled to wrap up today, though the union said workers in additional cities have also authorized walkouts. |
| 1:17.0 | Last year, hotel workers won new contracts in Los Angeles and at casinos in Detroit, where workers were on strike for 47 days. |
| 1:25.0 | I'm Henry Epp for Marketplace. |
| 1:27.0 | Labor Day marked the unofficial end to the busiest summer air travel season on record. |
| 1:33.6 | On average 2.7 million people passed through TSA screening each day this summer. |
| 1:39.2 | All of those travelers depend on air traffic controllers. |
| 1:43.0 | These are the people who keep planes safely separated from each other. |
... |
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