The Market Ticker - Longshoreman Strike
The demand, given the inflation push — on the money side — is fairly ridiculous. Note that they turned down a 50% increase.
But….. that’s not the problem.
The problem is the demand for no automation on a contractual basis.
This could be justified, maybe, if the ports in the US were leading those internationally that have automated. If you can do it better and faster with humans than machines then I’m ok with protecting the jobs.
Problem: The US ports where said longshoremen work are nowhere near the top of the global list for efficiency and volume so the demand is to pay more and get less. The correct answer to such a demand is always “No.”
Since…….
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Source: https://market-ticker.org/akcs-www?post=252128
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