Reported 7 days ago
A potential strike by the International Longshoremen's Union could result in significant disruptions for the US economy, estimated to cost $5 billion per day. With the upcoming presidential election, President Biden is under pressure as he risks appearing weak if he cannot resolve the strike, yet intervening could alienate labor groups. The union's demand for a 77% pay increase reflects their critical role during the pandemic, making this a complicated situation for the administration.
Source: YAHOO