Dockworkers' Strike Cripples U.S. Ports, Threatens Economy

A strike by 45,000 dockworkers is halting shipments at U.S. East Coast and Gulf Coast ports, raising concerns about prolonged disruption. The International Longshoremen's Association is seeking higher wages and protection against automation. The Biden administration urges port employers to negotiate while economists warn of potential economic fallout.

A strike involving 45,000 dockworkers has entered its second day, halting shipments across U.S. East Coast and Gulf Coast ports and raising fears of prolonged disruption. Despite no current negotiations, President Joe Biden's administration is pressing for a deal to end the strike, which blocks goods ranging from food to automobiles.

The International Longshoremen's Association (ILA) demands a $5-per-hour wage increase annually and seeks protection against automation that threatens jobs. Economists caution that prolonged disruption could affect consumer prices, particularly food.

The strike, affecting over three dozen ports, could cost the economy billions daily. Companies like Conagra and Newell Brands are taking measures to mitigate the impact, yet over 38 container vessels were stuck at ports by Tuesday. The Biden administration, while monitoring for potential price gouging, refuses to intervene directly.

(With inputs from agencies.)