Over 45,000 union dockworkers represented by ILA went on strike, demanding a $5 pay increase annually for six years, amidst fears of automation replacing jobs.
The strike, affecting approximately half of U.S. sea imports, could result in economic losses between $3.8 billion and $4.5 billion daily, impacting consumer prices and supply chains.
Because the strike is the first major labor action on the East Coast since 1977, it highlights the longstanding tensions between labor and automation in shipping industries.
A prolonged strike may delay shipping right before the holidays, causing increased prices for goods like groceries and gifts, affecting both businesses and consumers.
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