The recent tentative agreement reached by striking stevedores showcases significant wage increases but highlights ongoing disputes over port automation, with negotiations extending into the near future.
Union leader Harold Daggett's claims about marine companies earning large profits suggest a steep disparity in financial transparency, which complicates the negotiations and workers' bargaining position.
Despite the powerful role of private equity in port terminal ownership, financial data for many firms remains obscure, leaving unions in the dark about potential earnings.
Daggett’s assertion that marine companies could be earning significantly more than Amazon raised eyebrows, particularly given the selective nature of his data regarding profits.
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