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/

    • vovchik_ilich [he/him]
      ·
      3 months ago

      There won't be 8% inflation yearly for the following 6 years unless another extreme geopolitical event unfolds

        • vovchik_ilich [he/him]
          ·
          3 months ago

          There are decades where weeks happen, and there are weeks where decades happen. And the former means stagnation of purchase power and the latter means inflation lol

      • Dessa [she/her]
        ·
        3 months ago

        I think it's less likely a major geopolitical event DOESN'T happen