Nearly 50,000 Dockworkers Continue Strike, Sparking Recession Fears in US | Firstpost America
Nearly 50,000 maritime workers continued their strike for the second day, pausing shipments at the East Coast and Gulf Coast ports in the United States. The workers represented by the International Longshoremen's Association, the largest labour union in North America, went on a strike on October 2 after months-long stalled negotiations. They demand pay hikes, better working conditions, and job security as automation haunts their profession. A JP Morgan analysis says that a prolonged strike could cost the American economy around $5 billion every day. Experts say the ongoing strike could lead to the US recession. President Joe Biden's administration has sided with the workers' union.
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United States | Strike | Recession | Gulf Coast | Firstpost America | Eric Ham | War | Geopolitics | Global Economy | Firstpost | World News | Latest News | Global News | International News | Trending News
#unitedstates #strike #recession #gulfcoast #firstpostamerica #ericham #war #geopolitics #economy #firstpost #worldnews #latestnews #globalnews #internationalnews #trendingnews
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