The crisis of the US port strike is resolved! Dock workers to receive a 62% pay raise over the next six years, with the proposal for full automation being excluded.

The International Longshoremen's Association (ILA) and the U.S. Maritime Union (USMX) reached a six-year interim agreement on August 8, successfully avoiding another strike crisis on January 15. The details of the protocol have not been made public and are still subject to approval by both sides, which, according to sources, resolves the controversy surrounding port automation, ensuring new technology while ensuring more jobs. (Synopsis: BTCbig dump murderer and it: 45,000 people strike on the eastern pier!) JPMorgan Chase: $5 billion in daily losses) (Background added: Trump considers declaring a "U.S. economic emergency" to activate new tariff policies, small-scale nonfarm payrolls lower-than-expected to strengthen confidence in interest rate cuts) Last October, the International Longshoremen's Association (ILA), which represents 45,000 port workers, negotiated a new labor contract with the U.S. Maritime Union (USMX), which represents management, but broke down due to wage issues. The ILA launched its first massive strike in nearly 50 years, shutting down ports that handle half of the nation's imported seaborne trade, causing shipping delays and rising wages. JPMorgan estimated at the time that the three-day strike could cost the U.S. economy $5 billion a day. Extended reading: BTCbig dump murderer and it: 45,000 people strike on the eastern pier! JPMorgan: ILA and USMX reached a temporary agreement with USMX after a loss of $5 billion per day Now, finally, more than 3 months later, ILA and USMX reached a six-year interim agreement yesterday (8), in which the two sides agreed to continue to operate under the existing contract until the union convenes the full salary committee, arranges an approval vote, and USMX members approve the interim protocol. This successfully avoided another strike crisis on January 15. The two sides said in a joint statement that the protocol settles disputes over automation: This protocol not only protects existing ILA jobs, but also provides a framework for technological innovation to create more jobs while modernizing port facilities. The move will improve the safety and efficiency of ports on the East Coast and Gulf Coast and strengthen the stability of the supply chain. Both sides described it as a "win-win" outcome that not only protects the interests of dockers, but also supports U.S. consumers and businesses, cementing the U.S. position as a global economic hub. However, the details of the protocol are currently undisclosed and are subject to further review and approval by members of both parties. Protocol controversy over "automation" According to CNBC, citing people familiar with the matter, the key to reaching an interim protocol is a compromise on automation and semi-automation. The proposal for full automation has been ruled out, but USMX could introduce technology that it believes will modernize the port, the sources said. At the same time, the ILA ensures that the new equipment creates jobs to safeguard the employment interests of union members. Additional port technology and labour arrangements have been reviewed and negotiated through the established process of the Technical Committee. The committee is made up of co-chairs and five members each from the union and the port, as well as ILA president Harold Daggett and his two sons, Dennis and John. This process will continue to apply to future technology additions to ensure that the interests of both parties are balanced and coordinated in the process of introducing new technologies. 62% raise over the next six years Notably, the ILA previously launched a strike because it did not agree to the USMX's proposed 50% pay increase condition. Eventually, after negotiations, the employer agreed to raise wages by 62% over the next six years, and the dockers returned to work as a result. This "six-year" period coincides with the duration of the interim protocol, so it can be assumed that this salary increase arrangement may have been included in one of the provisions of the provisional protocol. Related reports Bombshell" The US Department of Justice approved the sale of 69,000 BTC seized by the Silk Road, will bring down the market? Being president in prison? The US court rejected Trump's "hush money case" to postpone the request, and 34 felonies were sentenced 1/10 The number of bankrupt companies in the United States hit a new high since the financial crisis! Wall Street: The risk of recession may detonate the pullback of US stocks in the first half of the year "The US port strike crisis is lifted! 62% pay raise for dockers over the next six years, full automation proposal excluded" This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Block Chain News Media".