The longshoremen strike could cost the U.S. $7.5 billion a week-and dockworkers may have the upper hand in negotiations
Briefly

'I think this work group has a lot of bargaining power,' said Harry Katz, a professor of collective bargaining at Cornell University. 'They're essential workers that can't be replaced, and also the ports are doing well.' This statement underscores the dockworkers' pivotal role in supply chains and the favorable conditions that bolster their bargaining position.
With the backing of the pro-union administration of President Joe Biden, the longshoremen's leverage has improved significantly. The union is pointing to record profits made by shipping companies and to contracts gained by West Coast dockworkers, emphasizing the need for fair wages and conditions in light of increased workloads.
Read at Fortune
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