International Longshoremen's Association announced On Thursday, it announced it would suspend strikes after reaching an agreement with the U.S. Maritime Alliance.
The union said its members would immediately return to work until Jan. 15 to give leadership time to negotiate a permanent agreement.
“One expert estimated that the strike could cost up to $3.7 billion per day.”
source of information said The New York Times reported that the union was offered a 62% increase in wages over the six-year term of the contract.
The strike began Tuesday morning and included about 45,000 union members who work at ports on the Gulf Coast as well as the East Coast. Unions had demanded concessions such as large pay increases for dockworkers and a ban on automation at ports.
One expert estimated that the cost of the strike could reach up to $3.7 billion per day.
Also Thursday, Republican Florida Gov. Ron DeSantis said he would order the National Guard to maintain order and possibly “restart operations” at ports to ensure disaster relief efforts are not affected by airstrikes.
“It is unacceptable that the Biden-Harris administration would tolerate supply chain disruptions that harm people reeling from a Category 4 hurricane,” DeSantis said.
President Joe Biden has the authority to end strikes under the Taft-Hartley Act of 1947, but has indicated he would rather side with unions and allow them to continue.
U.S. ports are far less efficient than ports in other countries due to a lack of automation to protect union jobs and wages. Critics have accused unions of using their power to keep wages artificially high at the expense of trade efficiency.
Panic over the strike has reportedly resulted in some grocery store shelves running out of toilet paper, but many people point out that the supply should not be affected at all. are.
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