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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 ...
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 ...
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 ...
The International Longshoremen’s Association (ILA), the largest union of maritime workers in North America, has vocalized plans to go on strike at all of its Atlantic and Gulf Coast ports Oct. 1 ...
"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 ...
WASHINGTON (NEXSTAR)– Port workers are the latest group flexing their union muscle. The International Longshoremen’s Association (ILA) is going toe-to-toe with management, the United States ...
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.