Economic impact reports from the U.S. Department of Commerce or similar authoritative sources

Over 45,000 Dockworkers Strike at Midnight, Halting Ports from Maine to Texas

Oct 1, 2024, 04:24 AM

Over 45,000 dockworkers across ports from Maine to Texas have gone on strike starting at midnight, demanding higher wages and opposing automation at ports. This work stoppage, potentially becoming the largest strike in U.S. history, has tens of thousands of longshoremen walking off their jobs at dozens of ports along the East and Gulf coasts, halting operations at major ports and choking off deliveries of various goods including produce and auto parts. Retailers express concerns that while they can withstand a short shutdown, prolonged strikes may lead to rising prices and growing shortages. Experts estimate that a one-week strike could cost the United States $3.8 billion, potentially rippling through the world's largest economy and impacting consumer prices ahead of the holiday season. The strike comes weeks before the election.