A possible port strike in the U.S. could have a major impact on the global supply chain and cost the U.S. economy billions of dollars. The strike could impact a total of 36 ports along the East Coast and the Gulf of Mexico if a deal isn’t reached by Oct. 1.
Up to 45,000 dock workers represented by the International Longshoremen’s Association demanded a 77% raise over six years. They’re also asking for protections against automation. Union workers currently earn a base pay of $39 an hour, or just over $81,000 a year.
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The workers and port bosses involved in the dispute have not met to negotiate since June and they have not scheduled further contract talks.
Experts say the U.S. economy could take a $3.7 billion hit per day. Between 43% and 49% of all U.S. imports are also at stake.
President Joe Biden has said he will not invoke a national law to prevent the workers from going on strike.
Some retailers are already planning in advance to redirect freight through the West Coast.
Tags: Automation, Cargo ships, East Coast, Economy, Gulf of Mexico, Money, shipping containers, Strike, U.S. Economy, Unions, Wages
[JACK AYLMER]
A POSSIBLE PORT STRIKE IN THE UNITED STATES IS JUST DAYS AWAY.
IT COULD HAVE A MAJOR IMPACT ON THE GLOBAL SUPPLY CHAIN … AND COST THE U-S ECONOMY BILLIONS OF DOLLARS.
THE STRIKE WOULD HIT A TOTAL OF 36 PORTS ALONG THE EAST COAST AND THE GULF OF MEXICO IF A DEAL ISN’T REACHED BY OCTOBER FIRST.
UP TO 45-THOUSAND DOCK WORKERS REPRESENTED BY THE INTERNATIONAL LONGSHOREMEN’S UNION ARE DEMANDING A 77- PERCENT PAY RAISE OVER SIX YEARS *AND* PROTECTIONS AGAINST AUTOMATION.
THEY CURRENTLY EARN A BASE PAY OF 39 DOLLARS AN HOUR … OR JUST OVER 81-THOUSAND DOLLARS A YEAR.
THE WORKERS AND PORT BOSSES IN THE DISPUTE HAVE NOT MET TO NEGOTIATE SINCE JUNE AND NO FURTHER CONTRACT TALKS HAVE BEEN SCHEDULED.
EXPERTS SAY THE U-S ECONOMY COULD TAKE A MORE THAN 3 *BILLION* DOLLAR HIT PER DAY WITH BETWEEN 43 AND 49 PERCENT OF ALL U-S IMPORTS BEING AT STAKE AS THE DEADLINE MOVES CLOSER … AHEAD OF THE HOLIDAY SHOPPING SEASON.
TRANSPORTATION SECRETARY PETE BUTTIGIEG DISCUSSED THE POSSIBLE OUTCOME ON C-N-B-C.
[PETE BUTTIGIEG]
“you know a couple of years ago there were things coming to a head on the west coast … it resulted in workers getting an historic contract, a much deserved raise and a number of other provisions that were also compatible with the company succeeding. Of course with any labor negotiation the outcome you’re looking for is one that is workable for the business end and delivers the kinds of things workers need and deserve.”
[JACK AYLMER]
PRESIDENT JOE BIDEN HAS SAID HE WILL NOT INVOKE A NATIONAL LAW TO PREVENT THE WORKERS FROM GOING ON STRIKE.
SOME RETAILERS ARE ALREADY PLANNING IN ADVANCE TO REDIRECT FREIGHT THROUGH THE WEST COAST.
FOR STRAIGHT ARROW NEWS, I’M JACK AYLMER.
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