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MORE: Dockworkers hit picket lines in historic US port strike that could impact prices. Workers have received an offer that includes a 50% raise over the course of the contract, the U.S. Maritime ...
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.
If port workers strike, Americans may see price increases soon, experts said. If port workers agree to a deal, “labor costs go up,” Tang said. “So down the road, consumers still pay a higher ...
Thirty-six East Coast and Gulf Coast ports have shut down due to 45,000 union workers walking off the job Oct. 1, marking the first strike by the International Longshoremen's Association since ...
Roughly 25,000 dockworkers went on strike this week at ports along the East and Gulf Coasts of the U.S. to rally for higher pay and stronger guardrails around their jobs being automated out of ...
The massive port workers' strike that has shut down all the major dockyards on the Eastern seaboard of the U.S. and the Gulf coast is highlighting a fear held by many workers: Eventually, we will ...
President Joe Biden and other government officials are urging port companies to offer stronger contracts to the 45,000 dockworkers on strike at East and Gulf Coast ports. They're intervening ...
Bulking Up. As of Oct. 1, dockworkers at major East and Gulf Coast ports have officially gone on strike. The International Longshoremen’s Association (ILA), representing around 85,000 workers ...