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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.
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 ...
"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 ILA members' strike, which consisted of over 47,000 port workers across the Atlantic and Gulf coasts, including 4,500 from New York and New Jersey, began on Tuesday, Oct. 1, as the union ...
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 port strike was still in its early days, but it would have had broad ramifications for the US economy the longer it continued. On Thursday morning, top White House officials met with shipping ...
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 ...