Boeing Will Be Much Less Profitable After the Strike

Labor costs will rise and earnings will fall for Boeing in future years.Boeing's labor strike entered its eighth-straight week on Friday -- but hope is growing that the strike could soon end.On Friday, Boeing (BA 3.54%) negotiators met with leadership of the International Association of Machinists (IAM) and agreed on a proposal to raise machinist wages by a total of 38% over the next four years. By one measure, in fact, the total average wage of a machinist could rise 44% over the course of the contract, ex ...