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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.
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 ...
"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 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.
Organized by the International Longshoremen's Association (ILA), the strike peaked with the death of two workers on "Bloody Thursday" and the subsequent San Francisco General Strike, which stopped all work in the major port city for four days and led ultimately to the settlement of the West Coast Longshoremen's Strike. [3]
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 ...