US Port Strike Threatens Inflation: Are Union Workers Right to Fear Automation? 🚨
Автор: Whats A Mortgage
Загружено: 2024-10-03
Просмотров: 56
We were so close to getting inflation down! But now, 45,000 union workers have shut down US ports from the East Coast to the Gulf, refusing to unload goods due to wage disputes and fears of automation. Retail giants like Walmart, Ikea, and Samsung are feeling the impact.
This strike could cost the economy $4.5 billion a day, and it threatens to push inflation back up, delaying any chances of lower mortgage rates. The graph in this video shows how automation has increased in China’s ports over the years, which is what these union workers are fighting against.
Do you think it’s right for union workers to strike over automation fears, or is it costing the economy too much? Let me know in the comments below!
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#InflationUpdate #PortStrike #AutomationFears #EconomicImpact #china #unionworkers #unionworker #usport #mortgagerate #mortgagerates
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