A longshoreman’s strike that is looming on the East Coast and Gulf Coast could devastate the US economy. And our dear senile President refuses to use the Federal law to stop them.
“September 18, 2024 at 6:35 a.m. EDT Determined to thwart the automating of their jobs, about 45,000 dockworkers along the U.S. East and Gulf Coasts are threatening to strike on Oct. 1, a move that would shut down ports that handle about half the nation’s cargo from ships.” The Washington Post
If you thought the supply chain problems of the Covid pandemic were a problem, fasten your seatbelts. Analysts estimate the East Coast and Gulf Coast longshoreman’s strike could cost the US economy around $5 Billion per day. That’s Billion, you know, with a B.
If the strikes should persist over a month, it could cause shortages of everything from cars to medications. If the strike is short-lived, consumers may not notice too much disruption.
The dock workers of the East and Gulf Coasts unload about 50% of America’s cargo from ships. They currently receive $39 an hour and are asking for a 77% raise over the next 6 years. With overtime, some workers can make up to $200,000. A 77% raise is a stiff one – whether or not the union can come to an agreement with the Maritime Alliance is problematical. The union also states that the constant overtime takes people away from their families.
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Another major peg of their strike is the demand that the docks not go to full automation. Unfortunately, the Biden administration has pushed for that automation in order to upgrade US ports. Unloading at US ports can be much slower than ports in Europe and Asia that have full automation.
A devastating longshoreman’s strike- can it be avoided?
“The Maritime Alliance has said it’s committed to resuming talks and avoiding the first national longshoremen’s strike since 1977. It has accused the union of having already decided in advance to walk off the job.
“We need to sit down and negotiate a new agreement that avoids an unnecessary and costly strike that will be detrimental to both sides,” the alliance said in a statement.” Newsweek
This longshoreman’s strike threat could be devastating or could be a nothingburger. Here’s hoping for the latter.
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Related:
- Labor Strike Threats Return: Almost As if It Is Scripted
- 74% of Americans Say Inflation is Erasing All Their Gains on Eve of Labor Day
- Job Gains Were Overstated By 818,000 The Past Year, Bureau Of Labor Statistics Reports, Largest Downward Revision Since 2009 Great Recession
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