So the Communications Workers of America are out on strike against Verizon. The most remarkable thing is not the alleged acts of sabotage against land lines that serve hospitals , or the shocking willingness of an anonymous Verizon manager to threaten retaliation against the more pugnacious strikers when they go back to work (the NLRB rather frowns on that sort of thing). No, the really remarkable thing is this: who cares?
Verizon said it was asking for changes to the contract because its wireline business has been declining as people switch to cell phones. Union officials, meanwhile, say the company has been making billions of dollars in profits in the last four years.The problem is that both of these things are true. Verizon's margins aren't particularly fat right now, but the company is still making a comfortable profit. Unfortunately, the landline business--the division that these workers work for--is collapsing.