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.