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Saturday, October 05, 2024

Biden Punches His Labor Union Ticket

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WSJ: Biden’s Longshoreman Strike
He wanted Big Labor to have more power. He’s got it—as the union shuts down East and Gulf Coast ports.

Biden’s Longshoreman Strike - WSJ
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Longshoreman's union scores pay boost for members under tentative deal
How much do dockworkers make? Longshoreman's union scores major pay boost under tentative deal | Fox Business
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The 50,000-member ILA walked off the job Monday at midnight after the United States Maritime Alliance (USMX), the coalition of employers at East and Gulf ports, didn’t meet its costly demands. “We’ll shut them down,” ILA president Harold Daggett declared, and that’s what the union is doing. The strike at these ports is the first since 1977 and could cost the U.S. economy as much as $4.5 billion a day according to J.P. Morgan.
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Under the previous contract that expired on Monday, ILA dockworkers' starting wage was at $20 per hour and topped out at $39 per hour (or more than $81,000 annually) for employees with six or more years of service, but overtime and royalty pay earned by workers push their typical take-home pay much higher.
"Like two times higher!"
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According to internal USMX documents viewed by FOX Business, the average full-time ILA dockworker in New York/New Jersey under the previous contract made $350,000 per year, and in Norfolk, Virginia, they made an average of $200,000.
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ILA members in Savannah, Georgia, averaged $180,000, while those in Houston, Texas, and Charleston, South Carolina, made an average of $170,000, respectively.
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