Under pressure from the Biden Administration, Longshoremen’s Union accepted a tentative offer to end the strike, but contract details are not settled.
Strike Over for Now But Details Remain
The Wall Street Journal reports U.S. Port Workers Agree to End Their Strike
U.S. dockworkers agreed to return to work after port operators sweetened their contract offer, ending a three-day strike that threatened to disrupt the American economy.
The breakthrough Thursday came after port employers offered a 62% increase in wages over six years, according to people familiar with the matter.
The agreement ends a strike that had closed container ports from Maine to Texas and threatened to disrupt everything from the supply of bananas in supermarkets to the flow of cars through America’s factories.
The new offer, up from an earlier proposed raise of 50%, came after the White House privately and publicly pressed the large shipping lines and cargo terminal operators who employ the longshore workers to make a new offer to the union.
The International Longshoremen’s Association and port operators, in a joint statement, said they had reached a tentative agreement on wages and union members would return to work. They said the agreement would extend the prior contract, which expired at the start of this week, through Jan. 15, 2025 while the two sides negotiate on other issues, including automation on the docks.
It will be interesting to see what happens with the union’s demand for no more automation.
US ports are among the least automated global ports. It’s ridiculous.
Strange. I thought the 20 million new illegal aliens that we know off and probably much more flying the friendly skies, along with the current 40 million here for years while voting illegally, were supposed to keep labor costs down to offset increased social welfare costs for more abortions and cosmetic sex change operations while building EV chargers at all those Harvey Milk memorial rest stops for the homeless Tesla owners living in their cars. Oh well. .
Negotiations continue through present-exchanging season and time runs out just before inauguration? Sounds like a formulaic script from Hollywoodland. Let’s all tune in next year!
Silver lining: when trade becomes too expensive, you don’t have to explicitly sanction countries no more!
Biden’s juggernaut jobs! 254k – Unemployment 4.1% !!!!!
Wow!
Totally believable too! That Biden, errr, Kamala is amazing!!! There’s no way these numbers aren’t real!!!!
Has the smell of fund manager end of quarter window dressing.
The quarter already ended in September. October is tax loss harvesting for wall street but the stock market is up, go figure.
But I’m sure voters will remember. Only 31 days till election day.
Most of the American public is only vested to a minor extent and not to make their living. Most if not all paper gains are eaten up by inflation and higher costs of living resulting in a loss of discretionary/residual income. This is what voters will remember come Nov. 5th, their empty pocketbooks.
There is a lot of hatred out there for the Cartier eye glasses and gold chain union boss but I do give him credit. He timed it perfectly and easily prevailed in the short term. Long term however, everyone, including him, knows the writing is on the wall for this industry. Major changes that should have happened a long time ago are going to kick off in full swing.
Caller on CSPAN correctly pointed out Trump put amerikan boots on the ground in a new war front. Biden has NOT. This of course leaves out the never ending CIA and amerikan money to support proxy wars around the entire globe. which the uniparty voters all love and support by their votes for all of our entire lives.
Bibi bet on Hamas and Hezbollah in Martingale trading. Iran, Anti Martingale. If the Lebanese army and peoples disarm Hezbollah Lebanon and the whole ME will be able to breath.
Trump is easily going to win 30-35 states. Maybe 40. Better luck next time.
i don’t give a hoot which of the uniparty puppets loses or wins
If one believes no American boots were/are in Ukraine, one will believe a lot of things that aren’t so.
BACK TO WORK MIDDLEBROWS……..I’d like to see a libertarian v green candidate debates before I choose. The D v R, uniparty, is like watching Pro Wrestling, it’s all so staged and idiotic as there are no National level differences. I’m thinking George Santos down ballot…………….I like that he played volleyball at CUNY Baruch. I can relate to him most. Luckily I was born in his district. Go blue panthers. Go bulldogs.
Meanwhile, this years Social Security hike is expected to be approximately a mesely 2.15%.
Social Security recipients should go on strike!
Real negative COLA in the near futures.
1M Dow : 30K before 50K.
The COLA this year should be ZERO. That way the Treasury Dept doesn’t have to barrow an additional 2.15% so they can repay part of the $2,692 Billion that they loaned themselves out of the SS Trust fund.
PS- Going forward the Trustee’s report that under the best case scenario SS is $20 Trillions underfunded.
PPS- Medicare is only $21Trillion underfunded.
Demand for US dollars in China is high. Each container ship captain has to gives stevedore’s foremen a fat envelope, thousands times. That’s cumbersome. A more sophisticated way : a “dividends” income from above to smooth things in the ports. Since export is down income is down, a fraction of 2020/2021
I interrupt this discussion to bring you some breaking – and hilarious – news:
Massive Electricity Price Rises Expected as National Grid Confirms Gas is the Only Back-Up for Intermittent Renewables
The cat is finally out of the bag. It is planned that Britain by 2030 will produce 95% of its electricity from so-called green sources with 5% coming from gas. The pretence that electricity can be stored at scale to support unreliable renewables is nowhere to be seen in a recent Guardian interview with Fintan Slye, the head of National Energy System Operator (NESO). “There will continue to be a significant amount of power plants in reserve for the cold, dull, windless weeks of winter, but they will run for only limited periods,” observes Slye, whose operation was recently nationalised and is responsible for balancing supply and demand across the National Grid.
His remarks both clarify and strike fear at the same time. There is no back-up at scale for intermittent breezes and sunbeams and this has been obvious for some time, although the subject is rarely discussed in mainstream media and politics. Reserve gas generation is the only game in town if all life in Britain is not to grind to a halt during a windless, winter freeze. But keeping an entire fleet of gas turbines on standby will cost a huge amount of money, causing electricity prices to soar. The planned destruction of Britain’s own gas and oil industry will hardly help future sourcing and pricing, let alone national security.
https://dailysceptic.org/2024/10/03/massive-electricity-price-rises-expected-as-national-grid-confirms-gas-is-the-only-back-up-for-intermittent-renewables/
the north sea oil bonanza made old maggie so popular………
Nailed it!
Beware of posts detailing the wages currently paid and presumed wages in a future contract. No union member gets the starting rate. The starting rate applies only to non members carried on a list maintained by the union who are dispatched on an *as needed* basis by the union.
Actual members can be sure of as much employment as they want at the much higher rates. It is conceivable that ports could slow down to the point that even members find it difficult to get their hours in. But if that happens, the American economy will be so different from what it is now, that no one will have the slightest concern about a couple of thousand members of the union who end up being negatively affected.
My source for information includes the actual 2018-2024 contract and the union’s press release which can be found here: https://ilaunion.org/ila-responds-to-usmxs-statement-that-distorts-the-facts-and-misleads-the-public/
Are they into 6 figures? Show me the money what does a longshoremen make after 10yrs?
Wonder if the union used ChatGPT to negotiate the terms.
I am holding off until I hear actual figures from the ILM. There is no concrete confirmation of what the actual raises are. That makes me suspicious.
I’m certainly not going to get my information from the MSM nor the chat boards of MishTalk.
Here are the facts: the starting wage of $20 was never increased during the last contract. The top wage went from $35 to $39 over 6 years, an increase of 11.4% when ‘official’ inflation was 26%. During the last contract, the raises were every other year.
I’d like to know: does the 62% raise apply to all these rates from the old contract? Or is the MSM distorting facts yet again?
base wage rates in each year of this Master Contract.
0 $20.00 $20.00 $20.00 $20.00 $20.00 $20.00
1 $20.00 $20.00 $20.00 $20.00 $20.00 $20.00
2 $23.75 $24.00 $24.00 $24.25 $24.50 $24.75
3 $23.75 $24.00 $24.00 $24.25 $24.50 $24.75
4 $29.40 $30.00 $30.00 $30.60 $31.25 $31.90
5 $29.40 $30.00 $30.00 $30.60 $31.25 $31.90
6 or More $35.00 $36.00 $36.00 $37.00 $38.00 $39.00
It’s a “tentative” agreement. From everything I read I still don’t know if they are getting anything now or will need to be ratified in January and that’s when they would start getting raises. Obviously this was all done to diffuse any angry voters right before the election. Biden knows how to play 4-D chess.
https://www.cnbc.com/2024/10/03/port-strike-ends-as-workers-agree-to-tentative-deal-on-wages-and-contract-extension.html
ILU wages will increase 61.5% over six years under the tentative agreement, sources told CNBC’s Lori Ann LaRocco.
It would appear both sides have tentatively agreed to the wage portion of the next contract. They’ve further agreed to “extend” the current contract (wage and benefit package).
We haven’t heard yet whether tentatively agreed wage increases will be retroactive (their contract expires this week). Retro pay is always negotiable.
There are a lot of rules wrt “Good Faith Bargaining” as part of National Labor Relations Act. Neither party can “regressively” bargain. Neither party can make an offer and then later pull it back, directly or indirectly.
When they come back to the table in January, wage increases are tentatively locked down. Health care benefits (for active and future retirees) is still on the table, as well as a number of other benefits (vacation days, overtime rules, callout rules). I would guess there are quite a few unique job classifications under this contract. Each classification may have working rules changes that need to be negotiated.
Plus there is the AI…
Biden’s 4d chess comment made me laugh thinking about him eating his jello and having his behind wiped by his night nurse. Jill’s done with him, too, if body language is to be believed.
How many automobiles and homes do automatons purchase every yr?
I cant wait for the day when robots make everything and we all get to look at stuff we cant buy b/c robots have replaced us and we dont have jobs or income!
You sound like a buggy whip maker who lost his job when cars got popular. Breath deep. You will be ok.
It’s not about a technology that has disappeared, it’s about productivity gains in which all the gains go to the bosses while unemployment becomes epidemic and pressure on wages and benfefits grows stronger: Riches for the rich, immiseration for the worker.
The rich are delicious, if anyone’s hungry…
Or maybe he just sounds like a basically rational human being who doesn’t take their relevance within the brave new blueprint for granted. Yeah, I bet it’s that.
Meanwhile, you sound like someone crushing life from the front seat of their Cybertruck with your Neuralink turned to 11, your VR girlfriend by your side.
The revenge of the nerds is the longest ongoing war in history; sadly, the refuseniks are losing ground.
John Ludd was right!
Not quite.
The auto eliminated some jobs done by humans and created other jobs done by humans.
Robots replace the human worker.
Surely you don’t believe our Elites will work hard and diligently to stuff UBI money in our pockets.
Everything will be free then.
You/we will be able to then spend quality time appreciating art, going to the symphony, creating music, inventing useful things, going to college and learning/doing other important stuff.
Or more likely, the vast majority will be 50lbs overweight and drunk/stoned/wasted all of the day as they stare at their favorite sports or soap opera.
Not a worry, the government will print plenty of money to hand out to everyone to buy what they want.
Did you type this on a computer or Smith-Corona?
Union workers suffering from costs of Inflation and growing threat from A.I.
Union workers threaten to Artfully Idle (A.I.) and demand better pay and also job protection.
Al least these workers wages will stay in America to support the local economy which can’t be said of a lot of Government spending today — such as the $Billions being sent to Ukraine.
“Al least these workers wages will stay in America to support the local economy” Hard for dockworkers in foreign countries to unload ships in American ports. One job that is never going to be outsourced. Obviously. May be automated and the equipment/robots built overseas but the longshoremen are trying to prevent that. Containers can to a large extent be loaded and unloaded automatically.
People should be allowed/able to negotiate for higher wages. No matter a seemingly high increase.
62% wage increase sounds about right given the recent ridiculously low CPI measurements.
My wage went up 20% since the Pandemic, and I am losing to inflation.
Good for the port workers!
And business should be allowed/able to automate if they choose to.
– Under pressure from the (Harris)/Biden Administration, Longshoremen’s Union accepted a tentative offer to end the strike, but contract details are not settled.
> Once the Leaders, and the Decision Makers were OK with their situation, and the % needed to pass, were taking care of, they were good to go!
– Strike Over for Now But Details Remain
> The Devil is always in the Details…
– The Wall Street Journal reports U.S. Port Workers Agree to End Their strike
> Who cares?
– U.S. dockworkers agreed to return to work after port operators sweetened their contract offer, ending a three-day strike that threatened to disrupt the American economy.
> Not now, but what truly matters, is What % will lose their jobs AFTER the election? How many leaders will Keep their jobs AFTER the election?
– The breakthrough Thursday came after port employers offered a 62% increase in wages over six years, according to people familiar with the matter.
> Only matters 1 year at a time, and this just showed that. They accepted what they eventually get, and if they keep their jobs. Automation Anybody?
We shall see…
Well, they gave up 15%. I’m not sure that’s a win for inflation? But at least our cheap imports from China will keep flowing through the east cost. While not all the way there, so much for this ILA strike being a major thorn in Harris’ side.
Biden resolves port strike.
Biden gets green light for student loan forgiveness.
Biden get hurricane disaster that will prevent certain people in certain states from voting.
It’s all coming up Biden. Providence or coincidence? What’s next? A stroke or heart attack for a particular candidate? Only 32 days left.
Did Harris’ husband impregnate another nanny? I suppose that might make Kamala stroke out.
Or Trump could attempt to sleep with another porn star or rape some other woman and that would stroke him out, his rambling speeches already make me think he’s stroking everyday.
No way. Trump’s on a strict diet of KFC and Diet Coke. He could bang four or five pornstars a day without incident. He grabs at least three pussies before 9:00 AM.
He is what every red blooded amerikan employee strives for. Those poor little dummies are like baby seals just begging to be clubbed again and again for another few generations
it’s for sure just syphillis. but the hilarity is so great.
nanny and the professor will be a hoot having prowling the maid’s quarters in whitehouse for the next decade or two. mamala ain’t leaving.
– Biden resolves port strike. > Biden is napping on a beach, and Harris is still trying to figure out where the border is. Oh, and the “Port Strike” is far from resolved.
– Biden gets green light for student loan forgiveness. > Biden found a judge to create a loophole for Him, but it won’t work, but will be good press until they are told “No” Yet Again! After the Election Of Course.
– Biden get hurricane disaster that will prevent certain people in certain states from voting. > Yeah OK, Wow…
– It’s all coming up Biden. > You are Correct! Biden has been labeled “The Worst American President in History”! Harris has been labeled “The Worst American Vice President in History”! So Biden/Kamala have “Both” come up and come out, as “The Worst President and Vice President in History! To WIN That Award.
All Coming Up “Biden & Harris” as “The Worst Duo in Leadership History”
I gotta give it to You, because When Your Right, YOUR RIGHT!!!
Key point not to be missed:
They said the agreement would extend the prior contract … through Jan. 15, 2025 while the two sides negotiate on other issues, including automation on the docks.
Keep your toilet paper!
It’s all a ruse for election purposes, and to show they can get it done, which they can’t, but it’s good theater for the Fools to Rush In!
Roll the increases on down the line. We are all 30-40% behind on the cost of living vs. 2020, and I don’t think the inflation is done yet, with the Fed cutting and all.
Exactly right! I just posted that I received a 20% wage increase since 2020 (the Pandemic start).
We are mostly all losing to inflation.
we need those Yang Gang monthly stimmies in 2020 with PPP etc from ole fat trumpy and sleepy genocide joey
You mean Daggett wasn’t enjoying being the most unpopular man in America?
Definitely, “not” inflationary.
The inflation already happened. Wages have to catch up. You can think of that as “more inflation” if you like, but it’s really just the process shaking out to its logical conclusion.
Agree – it’s called wage-price spiral but not likely here:
Given productivity and TEU super-ships, dockworker pay is de minimis to the end consumer (but not shippers profits).