Summary of White House urges dockworkers and East Coast ports to avoid strike
Summary of White House urges dockworkers and East Coast ports to avoid strike
White House urges swift return to bargaining table to avert major port strike as time runs out. Analysts warn of significant disruptions to supplies and potential economic losses. Despite possible $4.5-$7.5 billion weekly impact, overall effect on GDP projected at modest 0.1%. Administration confident in supply chain resilience, preparedness to address challenges. Biden administration engaging with various sectors to assess impact. No plans to invoke Taft-Hartley Act for cooling-off period. Emphasis on supporting collective bargaining for fair worker-employer agreements.
quoting nevent1q…gdrdWhite House urges dockworkers and East Coast ports to avoid strike
A government task force is ready to help minimize supply-chain disruptions in case of a prolonged East Coast port strike, Biden administration says
https://www.cbsnews.com/news/port-strike-2024-east-coast-workers/
White House urges swift return to bargaining table to avert major port strike as time runs out. Analysts warn of significant disruptions to supplies and potential economic losses. Despite possible $4.5-$7.5 billion weekly impact, overall effect on GDP projected at modest 0.1%. Administration confident in supply chain resilience, preparedness to address challenges. Biden administration engaging with various sectors to assess impact. No plans to invoke Taft-Hartley Act for cooling-off period. Emphasis on supporting collective bargaining for fair worker-employer agreements.