US Port Workers and Operators Reach Deal To End East Coast Strike
4th October 2024
U.S. dock workers and port operators have reached a tentative deal that will immediately end a three-day strike that has shut down shipping on the U.S. East Coast and Gulf Coast, the International Longshoremen’s Association (ILA) union and the United States Maritime Alliance (USMX) said on Thursday.
The tentative agreement is for a wage hike of around 62 percent over six years, a source familiar with the matter told Reuters. The workers union had been seeking a 77 percent raise while the employer group previously raised its offer to a nearly 50 percent hike.
Thereby strongly increasing the incentive for companies to automate their processes and get rid of actual live workers. Smooth move, guys. Let me know how that works out for you.
Meanwhile, back in flyover country, what is this settlement going to do to prices for imported goods (almost everything these days)?