Overview

• Dockworkers from Maine to Texas began striking after contract negotiations with the U.S. Maritime Alliance failed.
• The union demands a 77% pay raise and a ban on automation, while the employers offered a 50% raise over six years.
• The strike could disrupt the global supply chain, affecting prices and inventory, particularly for small businesses.
• President Biden faces pressure to intervene but is hesitant to invoke the Taft-Hartley Act, which could alienate union supporters.
• The strike comes at a critical time for the economy and the upcoming holiday shopping season, potentially costing $5 billion per day.