‘Sleeping Giant’: US Could Be Inches Away From Another Economic Crisis As Massive Port Strike Looms
- September 26, 2024
Owen Klinsky, Daily Caller
Ten of thousands of dockworkers could go on strike on Oct. 1 in a move that experts say could wreak havoc on American supply chains and reignite the rapid inflation seen in the early years of the Biden-Harris administration.
The International Longshoremen’s Association (ILA) — which represents more than 85,000 workers at three dozen U.S. ports along the East Coast and Gulf of Mexico and whose members collectively handle about half of the U.S.’ maritime imports — has threatened to go on strike for the first time since 1977 if their wage and automation protection demands are not met by the United States Maritime Alliance (USMX) — the coalition representing shipping employers. The move could cost the U.S. economy roughly $5 billion a day in trade, and would massively disrupt supply chains in a way not seen since the COVID-19 pandemic, causing rapid inflation and hiking the cost of living for everyday Americans, experts told the Daily Caller News Foundation.
The Biden-Harris administration’s Secretary of Transportation Pete Buttigieg took paternity leave in 2021 amid an ongoing supply chain and ports crisis, with watchdog group Protect the Public’s Trust (PPT) obtaining records revealing Buttigieg refused key meetings during that time.
“Perhaps it is not a coincidence that so many crises involving the Department, from the supply chain breakdown to the FAA system outage that grounded flights all over the country, have occurred on his [Buttigieg’s] watch,” PPT Director Michael Chamberlain previously told the DCNF.