Reported 1 day ago
A recent agreement ending a strike by 50,000 port workers yielded significant benefits for both the workers and various stakeholders involved. The International Longshoremen's Association (ILA) secured a $4 hourly wage increase per year for six years, translating into substantial long-term pay raises. The swift resolution prevented a prolonged disruption that could have severely impacted the U.S. economy. Additionally, businesses and consumers benefit from the resumption of goods flow, while the Biden administration managed to avert a more significant crisis with the help of intervention by Acting Labor Secretary Julie Su.
Source: YAHOO