NEW YORK, USA: Tens of thousands of workers at major ports along the US East and Gulf Coasts went on strike Tuesday, marking the first walkout by the International Longshoremen’s Association (ILA) in nearly 50 years.
The strike affects 36 ports, from Maine to Texas, which are critical for handling goods ranging from food to electronics. Around 45,000 workers are participating in the strike, demanding better job security and protections against automation, as well as significant wage hikes.
The strike follows stalled negotiations between the ILA and the United States Maritime Alliance (USMX), which represents shipping companies and terminal operators. Despite hopes for a deal, no agreement was reached before the contract deadline. The ILA is reportedly seeking a 77% wage increase over six years, while USMX has proposed a 50% wage increase.
The strike could pose a significant challenge to the US economy, potentially leading to shortages and increased prices, especially at a time when inflation has been stabilizing. Analysts estimate the strike could cost the economy between $4.5 billion to $7.5 billion per week, depending on its duration.
President Joe Biden has ruled out invoking the Taft-Hartley Act, which could force workers back to the job for an 80-day cooling-off period, citing respect for collective bargaining. However, as the strike coincides with an election period, political pressure to resolve the situation is mounting.
