That would raise average wages to about $63 an hour from $39 an hour over the life of the contract.
The union and the port operators said in a statement that they would extend their master contract until Jan. 15, 2025 to return to the bargaining table to negotiate all outstanding issues.
https://xcancel.com/MorePerfectUS/status/1841973125996585431
https://www.reuters.com/world/us/ship-queue-grows-us-ports-dockworker-strike-enters-third-day-2024-10-03/
Not quite sure why people here are that happy about it. If I understand this correctly then this isn’t even enough to cover current inflation, removes their right to strike for the next 6 years, has no hours-reduction, has no single payment to cover the past inflation. I don’t see how this is a win for workers. This seems like a huge win for the companies considering what else would have been possible.
To them it's a huge loss compared to what would've happened without the union - max 5% annual raises, if that.
That's like Netflix telling you "hey we didn't raise our prices enough to keep up with inflation, we'll now charge you for last 5 year's inflation in a single payment"
It won't fly because it wasn't in the original contract.
Normally I'd agree with you that this sucks, but aren't they hourly? Hours reduction means pay reduction. If I was hourly, I'd want the ability to work more hours (AND obviously a higher hourly rate to begin with)
You're talking about this like this isn't a huge win for these workers, but that's just not true. Yeah there's been bad inflation, but minimum, mean and median wages have NOT increased nearly as fast as they should. Hell the minimum in the US has been unchanged for decades. And plenty of people still make minimum (or less in tipped jobs).
Now we just need more sectors to form unions, and strike successfully. In more countries than just the US. Here in EU we make less in tech than longshoremen do in the US whereas in the US, tech salaries are nearly uncapped. Unions could help. And obviously unions in the less well-paid industries are even more important.
Well, yeah, but I'd be pretty happy if that happened in my industry.