Good morning. Welcome to Axios today. It's Tuesday, November 15th. I'm Nyla Buddha. Here's

what we're covering today. It's the crypto dream dead, plus the world population's new

milestone. But first, California University employees walk out. That's today's one big

thing.

48,000 workers across the University of California school system are on strike. It's the

country's biggest in the past few years. The university system has 10 campuses with

nearly 300,000 students. And academic workers are asking for higher salary, saying they don't

earn enough to live in California. Sean Hubler has been covering the strike for the New

New York Times and joins us from Sacramento. Hi, Sean. Hello. How are you? Can you start

by telling us who the workers that are making up the strike are? They are sort of the frontline

core workforce of the University of California. Their graduate assistants, teaching assistants,

lab researchers, postdoctoral students. They're the folks who, when you're big lecture

class, breaks down into smaller groups. They're the ones that lead the group discussions.

And it's finals happen and it's time for papers to be graded. They're the ones who grade

the papers. So I know the University of California system has says it's open. But what effect

is that having on all of these different campuses? It's only day two, right? But yesterday,

day one was quite disruptive. There are 10 campuses in the UC system and all of them are

touched by this strike. And students are sort of wandering around at UC Berkeley. For example,

it was almost deserted yesterday. The students were getting alerts from their professors and

emails saying that the last minute that classes had been canceled in many cases. What is the union

asking the University of California system for? So technically, this strike has been triggered

by what they say are unlawful bargaining practices on the part of the University. They say the

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