A one-week strike could cost the U.S. economy $3.78 billion
The International Longshoreman’s Association, the largest maritime union in North America, rejected an offer from the port management group USMX on Monday that included a wage hike over six years near 50%.
Late in the day on Monday, USMX put out a statement saying within the past 24 hours it had traded counter offers with the union, including an offer to increase wages by nearly 50% over six years, triple employer contributions to employee retirement plans, strengthen health care options, and retain the current contract language around automation and semi-automation.
| 