Posted on 10/01/2024 6:29:47 AM PDT by hillarys cankles
Unionized dockworkers at 36 East and Gulf Coast ports went on strike early Tuesday amid an impasse in negotiations over a new contract with a group representing port employers
(Excerpt) Read more at foxbusiness.com ...
This is the long run view of things and that’s very unusual during a strike. Look at what happened in the auto and steel industries when labor costs went off the rails. The long run impact is the substitution of capital for labor. Look what happened to the demand for welders in the auto industry over time. A 50% increase in labor costs is going to trigger an avalanche of capital investment aimed at using less labor. I guess the union feels the short run gains in wages is worth having a smaller union in the future.
East coast ports?
Not much.
The ports themselves are mostly locally owned. The LEASES, of the terminals are mainly foreign owned and controlled.
And they don’t give one rats ass about any American. They want money.
But, this union president is a sob. Should have postponed this strike for at least a month.
The only thing that is concerning is the pharmaceuticals now sitting on those docks. The vast majority of the pharmaceuticals are brought in from foriegn manufacturers through the ports.
This is what the Daily Mail reports as far as dockworkers salaries:
“The International Longshoremen’s Association is demanding a pay rise that works out at about 77 percent over six years. For union members on a typical rate, their wage would go from $81,120 to around $143,520.”
ran it through chatgpt.
arabs (dp world)
brit colossus tied up with Blackstone, et all.
Hutchison
Here’s a brief overview of the ownership of some of the key ports that have been in the news recently:
Los Angeles and Long Beach (USA):
Port of Los Angeles: Owned and operated by the City of Los Angeles.
Port of Long Beach: Owned and operated by the City of Long Beach.
Felixstowe (UK):
Owned by Felixstowe Dock and Railway Company, which is a subsidiary of Hutchison Ports, a Hong Kong-based company.
Liverpool (UK):
Owned by Port of Liverpool, which is operated by Peel Ports Group, a UK-based company.
Marseille (France):
Owned by Grand Port Maritime de Marseille, which is a public port authority managed by the French government.
plus at least half as much more in benefits.
Life goes on be it good, bad or indifferent.
The inhabitants get what they vote for or
agree to. Enjoy your three score and ten.
Giving away the Canal was indeed a mistake.
Through what is know as the US ocean carriers alliance.
Majority are Chinese shippers.
These are the ones the longshoremen basically work for. Same for the mariners.
Excuse me...US Maritime Alliance.
Always start with the ridiculous and then deal down later.
Someone posted yesterday that they only make about $16-$23 an hour, heh.
I live in Los Angeles.
A friend’s son’s wife works at the port as a “dockworker” and makes well over $100,000 - she apparently “inherited” the job from her dad. Works short hours as well and always seems to be off shopping instead of working.
There goes Christmas
Most interesting. Thank you.
Can’t overstate that. It was an epic surrender. Have my qualms about GLCX (Global Crossing) being sold to Chinese interests for pennies on the dollar, too.
We don’t own or control nearly anything in this country any longer.
In this case, the shippers were slapping fees onto shipping under the table.
Aside from the initial panic caused by the media, shelves will remain stocked for a couple weeks yet.
The thing that concerns me is the pharmaceuticals now sitting on those docks. The perishables are done...unless they settle quickly.
Here is what the union turned down.
Nearly 50% wage increase over 6 years.
Triple employer contributions to employee retirement plans.
Strengthen health care options.
Retain current contract language around automation and semi automation.
Article FROM CNBC
https://freerepublic.com/focus/f-news/4268220/posts
I did an AI search and the data I found was around $65,000/yr. I didn’t see those numbers, but that’s makes me even feel less sorry for them and I’d expect the speed of substitution of capital for labor to be even faster in that case.
Them unions smell weakness.
Walk in both parties shoes.
Let them hammer it out. They know the truth.
The media and our government will lie. That is all we know for sure in our shoes.
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