Apparently last night the longshoremen union rejected an offer that gave them a 50% increase in pay over 6 years, tripled employer contributions to retirement plans, and improved the healthcare options. That suggests they believe they have a strong stance for negotiation and will hold out for longer.
Apparently last night the longshoremen union rejected an offer that gave them a 50% increase in pay over 6 years, tripled employer contributions to retirement plans, and improved the healthcare options. That suggests they believe they have a strong stance for negotiation and will hold out for longer.
They control ~$1B in economic losses per day. They have a strong stance, and can do better.
Nice to see a worker cohort in the US have leverage for once, and applying maximum force to it. Lots of ground to make up.
https://www.epi.org/productivity-pay-gap/
https://home.treasury.gov/news/press-releases/jy1706
(Boeing is similarly losing $100M-$150M per day with its machinists union strike)