The labor union contracts expired at 5:00pm today.
Massive wage increases, the result of inflation, are demanded by the unions and the White House is likely to get involved (if they are not already).
The Biden administration actually benefits from a port stoppage as imports are a deduction to GDP and the U.S. economy is presumably on the "zero" growth bubble.
Shippers are routing cargo away from the West Coast to avoid potential labor-related slowdowns
This is driving up their costs and contributing to backups at ports in New York/New Jersey, Savannah and Houston
The last West Coast port labor contract negotiation broke down in 2015 after nine months of talks
Biden meets with the ILWU and the PMA
Any disruptions at Pacific Coast ports that handle almost 40% of imports to the United States could send transportation costs even higher, exacerbating pressure on a softening economy that is sinking Biden's approval ratings.
A labor union stoppage would be bad for the economy although statistically good for Biden
https://theconservativetreehouse.com/blog/2022/07/01/cargo-routed-away-from-west-coast-ports-as-labor-union-contracts-expire/
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