What is a "strike fund"?

A "strike fund" is indeed a financial reserve established by a union specifically to support workers during a strike. When union members decide to strike, they often do so in order to improve their working conditions, wages, or benefits. During a strike, workers may not receive their regular pay, leading to financial hardship. The strike fund is created to provide income assistance to these members, helping them to sustain themselves and their families while they are not receiving their usual wages.

This financial backing can be crucial for maintaining solidarity among union members, as it reduces the economic pressure they face while fighting for their rights. Strike funds are typically amassed through dues collected from union members over time, enabling the union to respond effectively when a strike is initiated. The existence of such a fund can embolden workers to stand firm in negotiations, knowing they have some financial support.