ImportGenius CEO & co-founder Michael Kanko discusses the ramifications and impacts of a port strike for consumers on 'The Big Money Show.'
Striking U.S. dockworkers will return to work Friday after reaching a tentative agreement with employers. Vice President Kamala Harris says the agreement «indicates progress toward strong contract»
The dockworkers' return hinges on a tentative agreement that includes an improved wage offer of a 62% wage increase.
Harris applauded the efforts of everyone involved, saying «This step indicates progress toward a strong contract and represents the power of collective bargaining.»
DOCKWORKERS AGREE TO SUSPEND PORT STRIKE AS EMPLOYERS OFFER SIGNIFICANT WAGE INCREASE
Port of Miami dockworkers strike near the port entrance and demand a new labor contract on October 1, 2024 in Miami, Florida. (Photo by GIORGIO VIERA/AFP via Getty Images)
DOCKWORKERS GIVE STUNNING RESPONSE WHEN ASKED IF THEY SUPPORT VP HARRIS
The International Longshoremen’s Association, which represents 45,000 striking U.S. workers, said the union and USMX have reached a «tentative agreement on wages and have agreed to extend the Master Contract until January 15, 2025, to return to the bargaining table to negotiate all other outstanding issues.»
Harris, who seemingly agrees with the union’s decision to fight for better wages, has stated «this is about fairness – and our economy works best when workers share in record profits. Dockworkers deserve a fair share for their hard work getting essential goods out to communities across America.»
Dockworkers strike at the Bayport Container Terminal in Seabrook, Texas, on October 1, 2024. Officials at 14 ports along the US East and Gulf Coasts were making last-minute preparations
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