US East Coast dockworkers strike, halting half the nation's ocean shipping
By Doyinsola Oladipo and David Shepardson / October 1, 2024 10:14 AM GMT-5- ILA strike in first such action by the union since 1977
- Strike could cost the economy an estimated $5 billion a day
- Strike disputes include pay, terminal automation project issues
- White House officials hope for short strike, sources say
The strike blocks everything from food to automobile shipments across dozens of ports from Maine to Texas, in a disruption analysts warned will cost the economy billions of dollars a day, threaten jobs and potentially stoke inflation.
Are dockworker's concerns about the intrusion of automation reasonable, legitimate labor concerns? Or are they anti-progress?
And what if anything should President Biden do? Does November's election justify presidential action that otherwise might seem excessive?