Port strike 2024: Massive inflation looms without deal | LiveNOW from FOX

A strike by dockworkers at 36 ports from Maine to Texas, the first in decades, could snarl supply chains and lead to shortages and higher prices if it stretches on for more than a few weeks. Jason Greer, Founder & President, Greer Consulting, Inc., joined LiveNOW from FOX to discuss.

The contract between the ports and about 45,000 members of the International Longshoremen’s Association expired at midnight, and even though progress was reported in talks on Monday, the workers went on strike. The strike affecting 36 ports is the first by the union since 1977.

Workers began picketing at the Port of Philadelphia shortly after midnight with signs that read “Fight automation, save jobs, ILA demands” and “Automation hurts families. ILA stands for job protections.”

The U.S. Maritime Alliance, which represents the ports, said Monday evening that both sides had moved off of their previous wage offers, but when picket lines went up just after midnight, it was apparent that no deal had been reached.