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The Anderson Economic Group estimated that the U.S. economy would lose $2.1 billion from a one-week strike, $1.5 billion due to the loss in value or degradation of items such as perishable goods, $400 million for transportation company losses, and $200 million in lost wages for the striking port workers.
Here’s the latest information you need to know about the port strike. What are the workers going on strike over? You can sum up the strike issues in two words : Automation and wages.
"A port strike could cost the U.S. economy billions of dollars a day, hurting American businesses, workers and consumers across the country," Business Roundtable CEO Joshua Bolten said in a ...
Six workers who were on the bridge at the time of the impact are still missing. A port strike by longshoreman workers along the East and Gulf coasts would create economic chaos with far reaching ...
Dockworkers at ports from Maine to Texas began walking picket lines early Tuesday in a strike over wages and automation that could reignite inflation and cause shortages of goods if it goes on ...
A massive dockworker strike at seaports on the U.S. Members of the International Longshoremen's Association union strike outside Maher Terminal in Elizabeth, N.J., on Oct. 1, 2024.
The Port Authority of New York and New Jersey lost between $250-300 million dollars a day during the strike by members of the International Longshoremen’s Association, said Bethann Rooney, the ...
Here's what we know about the labor strike at the East Coast's largest ports. Previous: East Coast port workers on verge of strike for first time in 47 years. What to know. Why are ILA workers ...