Is the port strike getting out of hand like it happened during Covid-19? Here's how it could cripple the US economy
port strike and its impact could end up being prolonged, as far as the US economy is concerned, feel experts. Covid-19 pandemic was actually the last time there was an impact on the US markets in such a major way, and now things have a chance of going worse, if things are not resolved within due time.
Why are dockworkers angry?
In the history of the past 50 years of the United States, it has been rarely observed that port workers have opted to go for a full-blown strike, but now things have become a reality and this could prove to be disastrous for the overall national economy. With the US elections on the way within the next few weeks, dockworkers strike could end up meddling with the election status, as things are extremely sensitive at this moment.
Thirty-six East and Gulf Coast ports from Maine to Texas are now a part of the dockworkers strike, with some of the biggest unions backing them. As the union voters have a major importance in the US polls 2024, no Presidential candidate would want things to get complicated hereon, especially Kamala Harris, whose party is still in power at the White House.
Can the port strike in the US be resolved soon?
At this pint, the port strike is far from getting over, unless all demands are met with, and things die down. If there is a use of any pressure tactics by the state machinery, there are chances that unions would begin retaliating, which could end up hurting the US markets even badly, something that the White House or state administration would not be willing to face.
