Longshoremen’s Strike

[Over70irregs]

Longshoremen union's demand for total ban on automation questioned as port strike looms

International Longshoremen's Association on Sunday said workers are readying for the picket lines should a deal not be reached by end of day Monday.

www.foxbusiness.com

Looks like we might be in for a long next few months. According to my brother who works for the SC Ports, the owners approved a 40% pay increase that the Union refused. They want a 70% pay increase and zero automation at the ports. This is probably going to get ugly for everyone. Expect prices on anything coming through our ports to sky rocket. Not a peep out of Pete Buttigieg or anyone from our government.

Automation is inevitable. They want the strike. It will put pressure for robot cranes trucks loaders.

 

[newfie]

Regardless it was a big step backwards in the labor movement.

different phase of the labor movement.
the traditional strike is one mired in the game of private industry.

government jobs are different venue and different rules.

I don't know if it really had an effect on the labor movement in private industry.

 

[newfie]

Hard to outsource a longshoreman's job to overseas--but be careful--they might pull a Ronald Regan and fire everyone and hire new.

i don't think they can , are longshoreman jobs government jobs?

the big concern here i think is the automation that can eliminate jobs here. It wont eliminate them all but quite a few.

I don't know what they're going to do in 50 years when everything is automated and no one has a job to do unless its the low skilled crap that is left.

 

[IVE GOTTA PACKAGE 4U]

different phase of the labor movement.
the traditional strike is one mired in the game of private industry.

government jobs are different venue and different rules.

I don't know if it really had an effect on the labor movement in private industry.

https://www.cnbc.com/2024/10/01/east-coast-ports-strike-ila-union-work-stop-billions-in-trade.html

 

[rod]

I don't know what they're going to do in 50 years when everything is automated and no one has a job to do unless its the low skilled crap that is left.

At least kids don't have to hide under school desks to protect themselves from nuclear bombs like we had to.

 

[Babagounj]

www.marinetraffic.com
{ those will be the green dots }
Shows all the container ships waiting outside of NYC.
Unlike the Port of Boston which has none.

 

[Wally]

Automation is inevitable. They want the strike. It will put pressure for robot cranes trucks loaders.

So the union by wanting more will ultimately pay for their own job losses?

 

[Over70irregs]

So the union by wanting more will ultimately pay for their own job losses?

They are stalling the inevitable unfortunately. Cake days are ending. Same with Boeing strike. They want pension back. That is NOT happening. RTW states have long term sealed fate.

 

[Wally]

They are stalling the inevitable unfortunately. Cake days are ending. Same with Boeing strike. They want pension back. That is NOT happening. RTW states have long term sealed fate.

Didn't the union give up the pension in the Boeing case? Good luck getting that back.

I would take less pay to keep the pension if necessary.

 

[Over70irregs]

Didn't the union give up the pension in the Boeing case? Good luck getting that back.

I would take less pay to keep the pension if necessary.

Yeah but looking forward we know the chances of collecting pensions looks bleaker. Today I would go 401k. It hurts to say that.

 

[newfie]

At least kids don't have to hide under school desks to protect themselves from nuclear bombs like we had to.

people today have no idea

 

[newfie]

https://www.cnbc.com/2024/10/01/east-coast-ports-strike-ila-union-work-stop-billions-in-trade.html

this will be a boom for california ports.

 

[IVE GOTTA PACKAGE 4U]

this will be a boom for california ports.

This could get ugly

 

[newfie]

This could get ugly

it will. the Stevedores are bad ass. thats a line i would never cross no matter how much the company threatens me.

 

[Over70irregs]

This could get ugly

This has to happen. They will have their tech and need to blame a phenomenon. (Never let a crisis go to waste)

 

[Wally]

Yeah but looking forward we know the chances of collecting pensions looks bleaker. Today I would go 401k. It hurts to say that.

Regular folk will never save enough to get pension like monthly checks.

 

[oldngray]

Regular folk will never save enough to get pension like monthly checks.

True but still I would rather be in charge of investing my own money for retirement vs. trusting the government to do it for me.

 

[IVE GOTTA PACKAGE 4U]

Regular folk will never save enough to get pension like monthly checks.

We got drivers making $45 an hour to put one or two percent in their 401k

I tried telling him the pension is not going to replace your paycheck and you never get an increase.

 

[Wally]

We got drivers making $45 an hour to put one or two percent in their 401k

I tried telling him the pension is not going to replace your paycheck and you never get an increase.

How much you need to save over 30 years in order to get $5300 a month for life? Could easily be 40 years payout.

 

[IVE GOTTA PACKAGE 4U]

How much you need to save over 30 years in order to get $5300 a month for life? Could easily be 40 years payout.

Depends on how much you save and how much risk you take during your lifetime

You definitely have to probably buy an annuity to guarantee some of your income
It's too risky counting on your 401k is income when you're mostly in the market

Especially with Summer wild market swings and Black swan events we had the past quarter century