Decus
Platinum Member
Unions have the potential to be very harmful to the economy. Case in point:
"For decades these "lords of the docks" have been paid like blue-collar royalty. Their current contract pays $26 to $41 an hour, with free healthcare for members. Some earn six figures with overtime. Even as a growing chorus of business groups clamor for a resolution to their months-long contract talks with the Pacific Maritime Assn., which represents shipping companies, the union sees little need to back down."
Small but powerful union is at center of port dispute - LA Times
"According to a Kurt Salmon analysis, congestion at West Coast ports could cost retailers as much as $7 billion this year. That congestion cost comes from a combination of the higher price of carrying goods and missed sales due to below optimal inventory levels"
West Coast ports Retail s 7 billion problem
""At stake right now is the continuing recovery of the U.S. economy," said Jonathan Gold, with the National Retail Federation, which estimates it could cost $2 billion a day if the slowdown grows into a full lockout or strike."The West Coast ports account for about 12.5% of the GDP for the United States.""
West Coast port slowdown could cost U.S. economy billions - CBS News
Retailers and industry are effected. Sad but true.
.
"For decades these "lords of the docks" have been paid like blue-collar royalty. Their current contract pays $26 to $41 an hour, with free healthcare for members. Some earn six figures with overtime. Even as a growing chorus of business groups clamor for a resolution to their months-long contract talks with the Pacific Maritime Assn., which represents shipping companies, the union sees little need to back down."
Small but powerful union is at center of port dispute - LA Times
"According to a Kurt Salmon analysis, congestion at West Coast ports could cost retailers as much as $7 billion this year. That congestion cost comes from a combination of the higher price of carrying goods and missed sales due to below optimal inventory levels"
West Coast ports Retail s 7 billion problem
""At stake right now is the continuing recovery of the U.S. economy," said Jonathan Gold, with the National Retail Federation, which estimates it could cost $2 billion a day if the slowdown grows into a full lockout or strike."The West Coast ports account for about 12.5% of the GDP for the United States.""
West Coast port slowdown could cost U.S. economy billions - CBS News
Retailers and industry are effected. Sad but true.
.