Reported 4 days ago
An ongoing strike by 45,000 dockworkers has temporarily closed 36 ports across the U.S., potentially costing the economy up to $4.5 billion each day and reducing GDP growth by half a percentage point this quarter, according to analysts. The strike, which seeks better pay and job protections from automation, affects critical supply chains and imports, including building materials and various goods. While the immediate economic impact is significant, experts believe the long-term effects could be manageable if the strike resolves swiftly.
Source: YAHOO