it is not to difficult theoretically to come up with a fair wage (of course practically it is a little more involved).
An acceptable wage would simply be the price at which an employer is able to attract the desired amount/skill of employees - pay too much, and you will have more applicants than positions, pay too little and not enough people will be willing to apply for the job.
does everyone agree up till here?
now for the challenging part.
a strike such as this is intended to give the impression that the employees are in reality not willing to work at the current wages and that the wages will need to be improved upon to be able to retain the workforce the company requires.
so far so good?
however, in reality, the situation may exist, that if the jobs on strike were opened up to the public, and the MTA would accept new workers to replace the strikers, there is a good chance that a sufficient number of people would fill the needed positions at the current rates. at $20,000, i dont know if enough people would be interested, at $100,000 there may be too many applicants interested in a limited number of positions. At 65k, i would guess that there would be enough applicants to fill the jobs.
if that is true, then the MTA is actually paying their workers enough, but they are using their striking power to try to get even more than what may constitue a fair wage (hence the stubburness of the MTA and and understandable act by the TWU as their interests as all working people is to get as much money as possible for the work they do). as i mentioned before, i suspect this may have occured even if their salaries were double what they are, this is just a method to push even further.
that said, i still an not convinced that this is a monetary conflict, but may be a managerial one disguising itself as a monetary one.
regarding the balance of the law, it is true that the taylor law may be biased against the unions right to strike, but i believe the law is rationalized by the fact that its interest is in maintaining civil order. furthermore, based on the reasonings above, such strikes may always be used as a threat to push the envelope further than market forces would dictate. Bear in mind that there are also anti-trust laws limiting the powers of monopolies so that workers and/or consumers can not be taken advantage of by large corporations as there is always an alternative company to work for. When all the laws are considered, they should ultimately balance out. bear in mind that there is a larger percentage of voters that are workers than executives and as such their voice is present in elections.