Might be bad for the Machinist's union, but it's good for the machinists to have a job, or not having to move to S. Carolina or other state in order to have a job (at less pay plus moving expenses). It's a better day for Boeing since they win the deal. Global corporate greed wins out, since Boeing is making record profits or thereabouts according to what I read. So it's not like Boeing can't afford the contract the union wanted. It's just that in this employment market, Boeing could get a better deal in roughly 22 other states than WA. Since Boeing could get a better deal, they weren't going to play in WA unless they got that better deal. So it's a good deal for continued employment in the PS area and a bad deal for traffic in the PS area. I'd even say that it's a good deal for the 1%ers who are likely to see Boeing profits increase further, except that a lot of rank and file Boeing workers own Boeing stock too.