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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.
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 port workers' strike threatens the US economy with shortages and higher prices. How bad it gets will depend on how long it lasts, experts say. The clock is ticking before the port strike does ...
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.
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 ...
The impact of the strike depends on how long it lasts. The longer it continues, the worse shortages will be as the port will recover from longer delays as imports and exports are blocked.
"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 ...
Trucking and other logistics companies raced in recent days to get as many goods as possible out of ports before a potential strike. The vast port operations of New York and New Jersey stand to be ...