They’re Saying If You Think Things Are Bad Now, Just Wait Until Dockworkers Go On Strike…. Experts Warn Store Prices Will Soar & Shelves Will Be Empty
"Experts warn store prices will soar and shelves will be empty as greedy dockworkers strike over 80% pay raise.
A lengthy shutdown of 36 ports - which handle half of America's cargo from ships - could raise cause shortages and price increases at big and small retailers alike as the holiday shopping season approaches.
Walmart, Home Depot, Ikea and Amazon - who import tens of thousands of containers a year through ports on the east coast - would be worst hit. Empty shelves have not been seen in the US since the post-pandemic supply chain crush in 2021.
The International Longshoremen's Association is demanding a pay rise that works out at about 77 percent over six years. For union members on a typical rate, their wage would go from $81,120 to around $143,520.
Retail expert Neil Saunders of Global Data told DailyMail.com that the strike will cause two main problems - shoppers will face higher prices and empty shelves." - DailyMail |
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