West Coast Dock Workers Strike Could Cost $2 Billion A Day
Source: KPBS
By Erik Anderson
The national economy could take a multi-billion dollar hit this holiday season if there's a strike linked to contract talks between the West Coast shippers and dock workers.
San Diego's port will be affected if the dispute leads to a work stoppage.
Freight traffic moving through the West Coast's 29 ports could come to a standstill if labor issues aren't resolved.
The 13,600 International Longshore and Warehouse Union members have been working under terms of an expired contract since May. The nation's retailers and manufacturers predict a strike could cost the U.S. economy $2 billion a day.
FULL story at link.
ERIK ANDERSON, Reporter, Business & Environment
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Dole Trucks at the Port of San Diego on May 13, 2008.
Read more: http://www.kpbs.org/news/2014/nov/10/west-coast-ports-may-face-work-stoppage/
lob1
(3,820 posts)I think it's a story about a union keeping its members in the middle class.
Sunlei
(22,651 posts)'They' want to union bust again.
PearliePoo2
(7,768 posts)Solidarity with my ILWU brothers and sisters!
(Proud IBU member here since 1986)
abelenkpe
(9,933 posts)Do as the union workers ask then.
C Moon
(12,215 posts)I'm sure the West Coast shippers think they can get some pull now that our houses are going to be run by their own kind.
But in your case: Um no, you're in California. Give them their contract!
Populist_Prole
(5,364 posts)And thus deserve good compensation. I mean, that's the "free market" canard the plutocrats wave at us to justify their own hiked compensation.
Oh, that's right, we're talking about working class schlubs here.....the rules no longer apply then.
hollowdweller
(4,229 posts)Shut down the country for a day or so.
But most workers don't have the balls to do it.
Kelvin Mace
(17,469 posts)When strikes happen, your parts stop moving. All those really cool toys you ordered for your Christmas rush does you no damned good sitting two miles off shore in Longbeach.
AdHocSolver
(2,561 posts)The offshore manufacturing of everyday goods (clothes, shoes, linens, bedding, tools, electronics, furniture, hardware) that used to be made in the U.S. by American workers is driving price inflation and impoverishing the middle class.
Companies that actually want to manufacture goods in the U.S. using American workers cannot compete with large corporations who can import huge quantities of foreign made goods made in low-wage sweatshops.
The trade deficit reduces the circulation of money within the U.S., while. at the same time, profits made by importing corporations are hoarded in foreign banks, and the Federal Reserve "prints" money to lend to the middle class at usurious interest rates on credit card balances (14 percent or higher) to pay for all of these imports.
Printing money to support a deficit economy is driving the U.S. economy toward hyperinflation, and middle class people who now get 0.1 percent interest on their bank account deposits will be stunned in the next ten to twenty years when they find out their retirement benefits won't pay their bills because of inflation.
For those people not in the 1 percent who have invested heavily in the stock market and think they are in good shape for retirement, I have one word: Enron.