Economic News Thread | 3Q Annual GDP 2.8%

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Regardless of politics , I hope sleepy Joe does his thing and gets the strike over as soon as possible
 
Their base salary starts at $80,000 annually and they are demanding a 77% increase over 6 years. Apparently they have turned down a 50% increase over 6 years because it doesn't include a ban on automation.

Am I the only one who is failing with regard to mustering a ton of sympathy here?
 
wmheel1287 said:
Their base salary starts at $80,000 annually and they are demanding a 77% increase over 6 years. Apparently they have turned down a 50% increase over 6 years because it doesn't include a ban on automation.

Am I the only one who is failing with regard to mustering a ton of sympathy here?
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I am not sure that is the base salary. NY Times says:

Under the contract that expired on Monday, longshoremen on the East and Gulf Coasts earned a top rate of $39 an hour. The I.L.A. wants a $5-an-hour raise in each of the six years of a new agreement, giving it a 77 percent raise over the life of the contract.

That's $81,000 a year before taxes, not counting overtime, at the supposed top rate.
 
wmheel1287 said:
Their base salary starts at $80,000 annually and they are demanding a 77% increase over 6 years. Apparently they have turned down a 50% increase over 6 years because it doesn't include a ban on automation.

Am I the only one who is failing with regard to mustering a ton of sympathy here?
Click to expand...
Not totally without some precedent in transportation related industry.

The Federal Railroad Administration (FRA) killed a rule on crew sizes in 2019 that would have addressed featherbedding on railroads. The FRA's withdrawal of the rule preempts state laws that enact crew size regulations, which would have been considered unreasonable burdens on interstate commerce. This allows the railroad industry to innovate, which could benefit consumers and shippers through lower costs and better service.


Featherbedding is a broad term that can include practices such as:
  • Requiring more workers than necessary for a task
  • Opposing new production techniques or laborsaving machinery
  • Assigning low production quotas to workers
  • Performing unnecessary or repetitive work

The Taft-Hartley Act defines and prohibits featherbedding in the United States, but the Supreme Court has narrowly defined the term, leaving most practices untouched.
 
wmheel1287 said:
Their base salary starts at $80,000 annually and they are demanding a 77% increase over 6 years. Apparently they have turned down a 50% increase over 6 years because it doesn't include a ban on automation.

Am I the only one who is failing with regard to mustering a ton of sympathy here?
Click to expand...
Yea I hear what you are saying...But 40 bucks an hour is pretty standard for traditional Heavy industry that is unionized.
I would really like to hear some reporting on profits since COVID for the shipping industry-I am led to believe they really exploded . In which case the Unions should double down
The "no more technology " thing is admittedly a WTF point
 
mpaer said:
Yea I hear what you are saying...But 40 bucks an hour is pretty standard for traditional Heavy industry that is unionized.
I would really like to hear some reporting on profits since COVID for the shipping industry-I am led to believe they really exploded . In which case the Unions should double down
The "no more technology " thing is admittedly a WTF point
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They probably mean ai powered cranes and transporters a la what is happening in warehouses.

www.aboutamazon.com

Amazon announces 2 new ways it's using robots to assist employees and deliver for customers

The new robotic solutions, Sequoia and Digit, will support workplace safety and help Amazon deliver to customers faster.
www.aboutamazon.com www.aboutamazon.com
 
altmin said:
They probably mean ai powered cranes and transporters a la what is happening in warehouses.

www.aboutamazon.com

Amazon announces 2 new ways it's using robots to assist employees and deliver for customers

The new robotic solutions, Sequoia and Digit, will support workplace safety and help Amazon deliver to customers faster.
www.aboutamazon.com www.aboutamazon.com
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This Washington Post editorial also makes the case that fear of automation and losing jobs is the real issue.


There have been studies out of some West Coast facilities that the fear of job loss due to automation is very much overblown and few if any dock workers lose their jobs. They did find big improvements in dock worker safety and a big advantage of being able to run the ports 24/7.
 
Modern Luddites are dumber than the originals. They live in a world that technological and industrial revolution has created and feel like we've done enough. I wish they'd die before they fossilized.
 
finesse said:
Modern Luddites are dumber than the originals. They live in a world that technological and industrial revolution has created and feel like we've done enough. I wish they'd die before they fossilized.
Click to expand...
 
Yeah their timing is odd. So raise a stink and maybe you get the guy who will disband your union and fire all of you
 
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