By Gene Lantz

“Expect the worst and hope for the best.” – Accountant’s credo

The Worst

The world economic system will continue to tremble and quake

American manufacturing and the stock market will rise without improving the jobs situation

Artificial intelligence will gobble up jobs and tremendously worsen the jobs crisis that is already underway

Income disparity, juiced up by Trump policies, will drastically worsen

Communications, especially cell phone communications, may end healthy competition and become even more of an oligopoly

In the electoral arena, candidates will be straining to find a “middle” in an increasingly divided electorate

Mister Trump, who has already shown that he will stop at nothing to maintain and extend his power, will likely start a war and implement martial law as his continuing drive toward fascism continues

Unions will refuse to recognize the new situation and continue the exact policies that have so far lost nearly ¾ of our peak density

Millions will not be able to afford decent health care. Emergency rooms will be overrun

The Best

In the electoral arena, candidates will be forced to clarify their intentions during 2026. Where I live in Dallas, labor will pressure all candidates to reveal their stand on Gaza

Unions will be more aggressive in the electoral arena. Where I live, we are working on two union members running in the January 31 special election. Two Steelworkers have filed for statewide races in the coming primaries.

A growing but unguided mass movement against dictatorship has exploded

More and more people are figuring out the dangers and what to do about it

Some unions are discarding old ways and implementing a larger reliance on our magnificent popularity in the general population of workers

Youth and retirees, two sectors recently encouraged by the labor movement, are growing and adding muscle

The Starbucks workers, using a combination of strike and boycott simultaneously, are showing all workers how use labor’s popularity against the bosses. On December 22 alone, 19 Starbucks stores signed up for union elections.

The Indicators

Nearly all of this analysis comes from information gathered during the past week, and especially on Christmas Day when the Washington Post published ten charts describing the current U.S. economic situation.

Gold and silver prices set new records. The usual “gold bug” speculators are buying precious metals of course, but major investors and some governments are also buying them. Precious metals pay no dividends, but they are a haven of safety for those who think a worldwide financial crisis is imminent.

Two major financial indicators, a soaring stock market and an expected increase in manufacturing, are both rooted in investment in artificial intelligence. Investors are buying into it and energy-gobbling data center building way up and projected to be gigantic. At the same time, the labor movement is “cool.” Although Trump’s anti-labor policies explain some of the labor market problems, the main problem now and in the future is job-killing artificial intelligence. The same thing lifting the stock market and manufacturing in America is driving down the jobs market.

The union response, so far, is to try to contain artificial intelligence through union contracts. Even if this were possible, it wouldn’t solve the problem because most workers, more than 90%, have no union contracts. As the bosses without unions implement artificial intelligence to lower their production costs, they will undermine all workers, including those with union contracts.

Income disparity is the illness afflicting all workers worldwide. Among the many alarming reports comes this sentence from the current week by Politico: “Bank of America says its top account holders saw take-home pay climb 4 percent over the last year, while income growth for poorer households grew just 1.4 percent.” Even though inflation held at 3% during the past year and dropped to 2.7% for November, it’s still a lot higher than income growth for poorer households.

All of the major tech companies have hitched themselves to the Trump agenda, and for good reason. They produce artificial intelligence, and they all know that artificial intelligence is Trump’s main hope to lower production costs enough to outperform China and other worldwide economic competitors. “Lower production costs” is a euphemism for  fewer jobs.

Elon Musk, in many ways the master tech investor, has practically cornered the market in communications satellites. He has already bought the software and established the partnership with T-Mobile that he needs to change all cell phone communications to satellite. Everybody who currently works in cell phone tech is in danger. The Communications Workers of America have a vital boycott against T-Mobile, but it hasn’t yet achieved nationwide participation.

Just two recent election results are sufficient to show the strain in the electoral arena. Mister Trump successfully used the power of the United States government to overcome the progressive government of Honduras. He failed to do the same in the New York Mayoral race. Candidates in 2026 will find it difficult to dodge the issues important to working people. For example, the Dallas Central Labor Council voted to pressure all candidates who apply for endorsement to reveal their positions on the genocide in Gaza.

War in Latin America is imminent. The Trump Administration has already discarded every aspect of international law and human decency in its attacks against Venezuela. So far, they have managed to resist the provocations, but Trump isn’t finished. He needs the popularity of a wartime presidency and, if it becomes necessary to maintain power, he needs an excuse to implement martial law and end democracy once and for all.

Our unions have taken hardly any positions on the coming war nor on any of the pressing international questions. Domestically, we continue to try to organize more workplaces under the rules set in the early Roosevelt Administration. We continue to try to use our diminishing membership base to affect legislative change, just as we have since around 1947 when we had 35% of the American workforce organized. Today, we have closer to 9%.

So… Why Are We Smiling?

Clearly, the Trump Administration and the billionaires it leads are flailing around in desperation. They aren’t acting out of strength nor confidence, but like boat wreck survivors trying anything and everything to cling to life. They have very little thought of what they are doing, and they are being led by an unstable person.

Democracy has taken hits, but is a long way from disappearing in a country convinced, for 250 years, that democracy is best. The worldwide system of governance is very weak against a super power, but it has the credibility of all caring people.

Our anti-war movement may seem small, but the structures created in earlier upsurges still exist and are ours to use. Our unions may seem small and timid, but we still have the power to  shut down the major intersections of economic and social life. Organizations close to the unions, especially the youth and senior movements, are growing stronger.

Candidates in 2026 will be pressured to take our side, and more of them will

People are catching on. We have the communications ability for accelerated strategic progress. We haven’t yet agreed on a plan of coordinated mass resistance, but we are clearly headed that way.