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‘Shark Tank’ star says there’s ‘zero evidence’ that automation at ports ‘hurts wages at all’
Fox Business via NY Post ^ | 10/04/24 | Kristen Altus

Posted on 10/06/2024 6:18:54 PM PDT by Libloather

As East and Gulf Coast ports begin to operate as normal again, one of the country’s top entrepreneurs is weighing in on “the trouble” with union workers’ demands.

“The trouble with East Coast ports is they’re very old, they’re very inefficient,” O’Leary Ventures Chairman and “Shark Tank” star Kevin O’Leary said on “Varney & Co.” Friday.

“And when you start to compare them against other international ports like Singapore and the other Asian ports,” he continued, “we’re just not holding much up against them. And that’s very bad for productivity.”

US dockworkers returned to work Friday morning after reaching a tentative agreement with employers on an improved wage offer.

The International Longshoremen’s Association (ILA), which represents 45,000 striking workers, said the union and USMX have reached a “tentative agreement on wages and have agreed to extend the Master Contract until January 15, 2025 to return to the bargaining table to negotiate all other outstanding issues.”

FOX Business reported that workers accepted a 62% wage increase, effective immediately.

But the ILA’s tentative deal statement mentioned nothing about protection from technology and automation.

A Tuesday statement from the ILA said that it is “steadfastly against any form of automation – full or semi – that replaces jobs or historical work functions. We will not accept the loss of work and livelihood for our members due to automation.”

(Excerpt) Read more at nypost.com ...


TOPICS: Business/Economy; Conspiracy; History; Local News
KEYWORDS: automation; bigtech; colorado; dockworkers; harolddaggett; jaredpolis; kevinoleary; longshoremen; ports; seanobrien; sharktank; teamsters; trumpguy; unions; wages
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Kevin should do public education next.
1 posted on 10/06/2024 6:18:54 PM PDT by Libloather
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To: Libloather
There will be some new jobs with far higher wages.

Elctro-mechanical technicians to troubleshoot and repair the automated equipment.

2 posted on 10/06/2024 6:28:17 PM PDT by Mogger (AreIn bookstores is a very expensive, beautifully bound in green leather Holy Koran. If one was goin)
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To: Libloather

“the ILA said that it is “steadfastly against any form of automation – full or semi – that replaces jobs or historical work functions. We will not accept the loss of work and livelihood for our members due to automation.””

Good luck with that.


3 posted on 10/06/2024 6:30:31 PM PDT by plain talk
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To: plain talk
Good luck with that ["We will not accept . . . automation."].

The theme of the parent article is correct. Automation does not hurt wages. It does, however, reduce the number of jobs in the union.

However, in the longer term the *only* way to keep jobs in the union is for the union to be so productive that alternative approaches cannot compete. And refusing to accept automation will kill productivity.

So, it will take something like luck to sustain union jobs while refusing automation - because the economics will not.
4 posted on 10/06/2024 6:39:45 PM PDT by Phlyer
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To: plain talk
“the ILA said that it is “steadfastly against any form of automation – full or semi – that replaces jobs or historical work functions.

The ILA's mobster president had a fit when EZ-Pass replaced tollbooth workers.

Eff that guy. Seriously.

5 posted on 10/06/2024 6:43:35 PM PDT by Drew68
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To: plain talk
They probably want to get rid of CONEXs as well.
6 posted on 10/06/2024 6:47:06 PM PDT by Harmless Teddy Bear ( Not my circus. Not my monkeys. But I can pick out the clowns at 100 yards.)
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To: Drew68

If Sonny Corleone had an EZ-Pass he might still be alive.


7 posted on 10/06/2024 6:51:58 PM PDT by dfwgator (Endut! Hoch Hech!)
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To: Libloather

I’m sure it doesn’t hurt wages....of those who remain employed.


8 posted on 10/06/2024 6:54:06 PM PDT by Husker24 (Pp)
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To: Libloather

Yeah, maybe. But we have reached a point where workers couldn’t care less anymore and just want to stick it to BlackRock et al.

We are coming off two decades of the US government literally paying companies to relocate to China and everywhere else. They are killing coal, and have done massive destruction to pipelines. John Deere is going to Mexico. Hell even Twinkies are made in Mexico now.

And so you get Longshoremen hearing they intend to phase them out and they realize if they are getting shut down in 3 years, might as well make em hurt now.


9 posted on 10/06/2024 6:55:31 PM PDT by DesertRhino (2016 Star Wars, 2020 The Empire Strikes Back, 2024... RETURN OF THE JEDI. )
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To: Phlyer

The port alliance has posted 400 billion in new profits since covid. They never get accused of gouging America.


10 posted on 10/06/2024 6:57:26 PM PDT by DesertRhino (2016 Star Wars, 2020 The Empire Strikes Back, 2024... RETURN OF THE JEDI. )
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To: Libloather

62% increase eh.....yeah that’ll help with inflation


11 posted on 10/06/2024 6:57:51 PM PDT by xp38
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To: Libloather

There are major inefficiencies in workflow. Way too much picking up and putting down, moving it to one place and then another, stacking, unstacking, and restacking. Then on a truck to go to a warehouse to be picked up, put down picked up and put on another truck to leave the port area. Or on a truck to go to a rail yard to be put on a train.

And that doesn’t even account for the ones that go to a holding area for customs (most don’t).


12 posted on 10/06/2024 6:58:23 PM PDT by PAR35
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To: Libloather

ai -> fewer jobs


13 posted on 10/06/2024 7:26:10 PM PDT by RockyTx
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To: xp38

If Harris and Waltz are elected inflation will eat thru that 62% in a couple months and by 2028 the U.S. Dollar will be worth less than the Zimbabwe Dollar.


14 posted on 10/06/2024 7:26:25 PM PDT by TonyM (Score Event)
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To: Libloather
Kowtow capitalist like O’Leary don't care about the commons. He has multiple passports to flee if in trouble here. The driving forces of ai, automation and global wage arbitrage hasn't exactly been stellar for Americans since 'we' embraced the neoglobalized world of the 90's.

O'leary and his ilk dream of replacing Americans with imported labor and robotic overlords.

15 posted on 10/06/2024 7:55:58 PM PDT by Theoria
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To: PAR35

Unions are a government-provided protection racket. Implicit threats of violence and explicit threats to the economy are expressions of power that could only exist if the unions (not the companies) “owned” the jobs.

If Trump succeeds in bringing manufacturing back, then the longshoremen thugs will have fewer jobs to protect anyway.

The UAW priced themselves out of the car market, but unions never learn. Once you get on the gravy train, it’s hard to jump off.


16 posted on 10/06/2024 8:15:00 PM PDT by FirstFlaBn
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To: Mogger

I had heard, but admittedly haven’t had a chance to look into it further, that the issue with automation is that our ports are owned/controlled by foreign companies. When/if they automate, we are therefore potentially at the mercy of those foreign interests controlling the ports from another country if we want our ports to operate. At least currently we can hope that American workers would keep our ports open despite what the owners may direct.


17 posted on 10/06/2024 8:32:05 PM PDT by TauntedTiger (If voting mattered, they wouldn't let us do it. Mark Twain)
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To: Libloather

The labor union Luddites are against automation for an obvious reason and it’s a very selfish one.


18 posted on 10/06/2024 8:35:18 PM PDT by Bullish (...And just like that, I was dropped from the ping-list)
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To: plain talk

“the ILA said that it is “steadfastly against any form of automation – full or semi – that replaces jobs or historical work functions. We will not accept the loss of work and livelihood for our members due to automation.”

The “bossman” is a dinosaur... IOW, the union is hearkening back to the days of bale hooks and cargo nets... this ain’t “On The Waterfront” anymore...


19 posted on 10/07/2024 3:06:21 AM PDT by Clutch Martin ("The dawn cracks hard like a bull whip and it ain't taking no lip from the night before" Tom Waits)
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There’s a lot more coming into those ports than cargo. There’s a lot of money tied up in illegal activities and imports. Of the throughput is not conducted effeciently, some bossman will be fit with a set of cement overshoes before too long. Stay tuned for Hoffa, the sequel.


20 posted on 10/07/2024 3:11:26 AM PDT by Clutch Martin ("The dawn cracks hard like a bull whip and it ain't taking no lip from the night before" Tom Waits)
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