The Washington Post on Nostr: Disruption looms at East Coast ports as longshoremen prepare to strike ========== ...
Disruption looms at East Coast ports as longshoremen prepare to strike
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Thousands of longshoremen at East Coast ports are set to strike on October 1, 2024, marking the first walkout in nearly 50 years; a strike could cost the U.S. economy up to $1 billion per day; the International Longshoremen’s Association (ILA) has 47,000 members and is negotiating with the U.S. Maritime Alliance; the current labor contract expires on September 30, 2024; the last ILA strike lasted 45 days in 1977; the strike could disrupt shipping of goods, including cars and electronics, affecting major ports like New York, Baltimore, and Houston; the Biden administration faces pressure to intervene, but has not shown willingness; longshoremen's pay varies, with a top rate of $39/hour and median annual pay around $160,000; the union argues for fair compensation amid rising profits in the shipping industry; the National Retail Federation warns of devastating impacts from a strike.
#Longshoremen #Strike #EastCoast #Shipping #Economy #Labor #Biden #Ports #Ila #Usmx
https://www.washingtonpost.com/business/2024/09/28/port-strike-longshoremen-union-shipping/
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Thousands of longshoremen at East Coast ports are set to strike on October 1, 2024, marking the first walkout in nearly 50 years; a strike could cost the U.S. economy up to $1 billion per day; the International Longshoremen’s Association (ILA) has 47,000 members and is negotiating with the U.S. Maritime Alliance; the current labor contract expires on September 30, 2024; the last ILA strike lasted 45 days in 1977; the strike could disrupt shipping of goods, including cars and electronics, affecting major ports like New York, Baltimore, and Houston; the Biden administration faces pressure to intervene, but has not shown willingness; longshoremen's pay varies, with a top rate of $39/hour and median annual pay around $160,000; the union argues for fair compensation amid rising profits in the shipping industry; the National Retail Federation warns of devastating impacts from a strike.
#Longshoremen #Strike #EastCoast #Shipping #Economy #Labor #Biden #Ports #Ila #Usmx
https://www.washingtonpost.com/business/2024/09/28/port-strike-longshoremen-union-shipping/