‘Sleeping giant’: US could be inches away from another economic crisis As massive port strike looms
By Owen Klinsky | Daily Caller
Ten of thousands of dockworkers could go on strike on Oct. 1 in a move that experts say could wreak havoc on American supply chains and reignite the rapid inflation seen in the early years of the Biden-Harris administration.
The International Longshoremen’s Association (ILA) — which represents more than 85,000 workers at three dozen U.S. ports along the East Coast and Gulf of Mexico and whose members collectively handle about half of the U.S.’ maritime imports — has threatened to go on strike for the first time since 1977 if their wage and automation protection demands are not met by the United States Maritime Alliance (USMX) — the coalition representing shipping employers. The move could cost the U.S. economy roughly $5 billion a day in trade, and woul...