Dockworkers at dozens of ports stretching along the East and Gulf coasts walked the picket line after midnight on Tuesday as they launched a massive strike that threatens to reignite inflation and spark product shortages at the start of the holiday season.
The work stoppage went into effect at 12:01 a.m. on Tuesday after the International Longshoremen’s Association, which represents 45,000 workers, and the alliance representing ports failed to renew a collective bargaining agreement that had just expired.
For the first time since 1977, 36 ports stretching from strategic seaboard locations as far north as Maine and as far south as Texas – all of which handle an aggregate $3 trillion in the country’s annual international trade – will be idle due to a work stoppage.
The labor dispute, in which longshoremen are demanding higher wages and protections against automation of their jobs, puts a pause on billions of dollars worth of daily trade and threatens to cause significant damage to an economy that has been beset by stubbornly persistent inflation.
Continued…
Approved ~ MJM
