What steps could Biden take to end the port strike
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- Опубліковано 30 вер 2024
- #biden #nrf #gulfcoast #portworkers #port #yahoofinance #strike
More than 45,000 dockworkers are on strike at ports across the East and Gulf Coasts. Jon Gold, National Retail Federation vice president for supply chain and customs policy, joins Seana Smith and Brad Smith on Morning Brief to discuss what the Biden administration could do and how consumers could be affected by the historic port strike.
“At this point, the strike that is ongoing, we need the administration to get the parties back to the table, end the strike, get the parties negotiating, and get a deal that provides certainty for these ports moving forward,” Gold tells Yahoo Finance. Biden has the authority to seek an injunction that would effectively end the strike through the Taft-Hartley Act. However, he has said he will not be doing so and instead wants to come to an agreement through collective bargaining.
He explains, “The administration can take several actions. The Taft-Hartley Act certainly is one of those that implements a cooling-off period between the parties to continue to negotiate. We can look back to what happened in 2002, when we had the 11-day lockout at the West Coast ports, and most experts say that took close to six months to recover from. I think the economy, as we all know, is in a very different spot now. So a prolonged strike at the East Coast and Gulf Coast ports, you know, could take up to six months, depending on how long that strike goes for.”
“It's imperative we get those ports back up and running and operating because this is going to affect millions of other workers, millions of businesses, imports, and exports, who all rely on the flow of commerce through these ports.”
Gold says, “A lot of retailers took advanced mitigation steps to ensure that product will be on store shelves,” which could mitigate the impact on consumers. “However, even taking some of those steps, a prolonged strike is certainly going to have an impact on the supply chain, and the thing to consider here is the time it's going to take to recover from a strike. It takes 3 to 5 days to recover from a one-day shutdown. If that goes for a week or two weeks, that compounds, and you're looking at months for a potential recovery,” he explains.
For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.
This post was written by Naomi Buchanan.
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He's waiting for his wife to tell him what to do next
Tell me again why Kamala Harris should be president
Is Peter still on maternity leave
All Biden “steps” should be baby steps. And hold the hand rails.
She too busy sleeping with Kamala husband😊
This administration and these unions are probably working together 😂
@@isai7265 💯💯💯💯
We need this strike to last at least 30 days 🙏 Grow some balls people!!! BUILD AMERICAN BUY AMERICAN!!!!
At least 50 days minimum
Yea ok American made is straight junk just look at the auto industry chevy,dodge,ford are all trash!!
What is Joe going to do? Beach blanket bingo and ice cream!! That’s what.
The port strike and the escalating tension in the Middle East could be instrumental in the imminent Presidential election. Biden and Kamala had better get both issues resolved before the election.
@@brutebiz82 Joe and Kamala don't realize issues. They create them!
Harris quote! You better thank a union worker!
I'll quit my union job if harris gets in
For Gods sake don't interrupt Biden. He's on vacation! Again! Imagine if we actually produced anything in this country.
They are proving that we need to move to automation!
Not a got damn thing, tell biden to stay his sleepy as out of this
70K today. 124K 6 years from now. Where do you guys work for this raise to make sense? Oh and don't you automate these ports because 6 years from now we will need more and you will not be able to stop us then as well. Bullshit the economy is already screwed from the fool we are under now!!!!!
Maybe you need to get more job skills and get a better job. 124,000.00 isn't a lot of money.
The economy is the way it is b/c of pandemic. Think of it as paying back all the "free" money we were getting from the stimulus checks. It takes time to feel the effects of that just like it takes time to recover.
@@johnpendley5263 especially with the cost of living on the east and west coasts. Not sure about the cost of living in Mobile.
@johnpendley5263 exactly house boosting 3 or 4x that in not the beat neighborhoods at this point.
@Bluejayeclips other countries did the same with helping their people. It's not the money we got. It's the billions the government is sending out and making it seem like it's the pandemics fault.
Let's buy in America everything American fish from Are oceans America everything let's keep it that way. Plus I only buy when I see products or goods that are made in this country I will not buy from China or Iran or thailand or any of those products that you read on the back of food products from foreign countries read where your food comes from Where toys are made ect....🇺🇲
The ones that come to the table first and initiate negotiations will be the ones who run out of money first...I wonder which side that will be.
Farmer's markets here I come.
joe nowhere to be found, might as well get Trump to intervene
😂and do what fire everybody like his Buddy Elon did 😂 or when Reagan fired the Air traffic controllers 👎 republicans are not the union workers friend 🤨
The striking workers deserve a large raise and so do everyone else in this country to keep up with the messed up economy .
@@davidrohder7897 why do they need a raise? The real issue is debt, people spend money they do not have, it comes down to not knowing how to manage your money even when times are tough.
He can't right now, but if he could he wouldn't because he has always hated America. Not Central or So. America's for some reason.
If ILA is not going to get 100% what they asked for. They come back to work with unhappiness. They are not going to do a good job. Then, the strike will be rehapping.
It's better to fire them all now and get new people who want to work in, bring full automation in once for all.
Invest at once and last lifetime.
Kind of hard to support a strike when the union president says, "I will cripple you!".
Government does the same thing and taxes still come
Nothing the dock workers need to understand that modernization of the industry means the need for fewer jobs on the docks 🤨
Look like they want Trump Back ASAP! ❤
No matter if Biden does anything or not we can be assured it will be the opposite of what needs to be done
He can’t take any steps because he has no idea what is going on around him.
I guess Biden and Kamala can cancel Christmas 🤔
No talks since June????wTH
avoid eating for a while
The sitting president has no idea how to handle any situation
Dems won't do anything.
He will go and sleep on the beach..that's all he can do
Joe Biden doesn’t even know he’s alive.
Eff u $ bros. Lets go union brothers!
Nothing…he has no capacity
"YOU BETTA THANK A UNION MEMBA".
Luddites are striking.
I'm rooting for the workers. We as a nation need to value them more. I'm willing to do without, eat less, take less trips, carpool, public transportation, etc. maybe I'll lose some weight and save a little money. Maybe gas prices will keep dropping. Maybe the economy will rebound even stronger after this. There are 6 states out of commission right now receiving Federal help. Compared to what they are going through, a small sacrifice on my part is nothing.
Is Biden alive?
He Will Go on Vacation !!
Hopefully he supports the workers, this country has been screwing employees and enabling industries for the past 40 years and that has to stop.
Port workers are freaking greedy AF!
Sorry kids you're getting a lump of coal for Christmas. It's the only thing America still produces.
Protesters over price hikes in food because Ports closing can cause counter protesers in the streets
END THE PORT STRIKE NOW !!!!
Give trrunp the w
Put a stop to this greedy union and these overpaid dock workers. Deregulation is needed ASAP, automate as many jobs as needed to go forward. Americans are not pawns!