Source: Washington Post
by Megan McArdle
“It took just a few days for the International Longshoremen’s Association to win a 61.5 percent pay increase over six years, with a dispute over port automation to be negotiated later. The machinists, meanwhile, have been out for four weeks, and the latest offer was a 30 percent pay increase over four years. On Tuesday, the company withdrew the offer after talks broke down. One big difference between the two outcomes is that shippers earned a windfall when the pandemic forced everyone to stay home, cruising shopping websites, while Boeing took big losses as people stopped flying.” (10/09/24)