Wall Street Journal with the update, citing “people familiar with the matter”. In brief:
U.S. port employers are preparing an almost 62% pay increase to get striking dockworkers back to workoffer is an increase from an earlier proposed raise of 50%offer would raise the base hourly rate for ILA port workers from $39 to $63 over six yearsthe union has asked for an increase of 77%
Link to the WSJ is here, gated:
Such hefty pay increases should hurry along automation …..
This article was written by Eamonn Sheridan at www.forexlive.com.
