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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.
A massive port strike along the East and Gulf Coasts that kicked off on Tuesday has the potential to become one of America’s most disruptive work stoppages in recent times.. The demands of the ...
"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 ...
The contract between the ports and about 45,000 members of the International Longshoremen’s Association expired at midnight, and even though progress was reported in talks on Monday, the workers ...
The union says there are about 50,000 members covered by the contract, but the USMX puts the number of port jobs closer to 25,000, with not enough jobs for all the workers in the union to work ...
With a strike deadline looming, the group representing East and Gulf Coast ports is asking a federal agency to make the Longshoremen's union come to the bargaining table to negotiate a new contract.
The workers and port operators agreed to extend their contract to Jan. 15, 2025, while talks continued. A key sticking point in the negotiations for a new six-year labor contract is automation.
A strike involving port workers from Maine to Texas could inflict major damage on the US economy. How high the economic wreckage piles up will depend on how long dockworkers are on the picket line ...