The International Longshoremen's Association port workers are on the verge of initiating a strike which would shut down ports all over the East Coast and the Gulf Coast, and if that strike lasts long enough it will throw U.S. supply chains into a state of complete and utter chaos.
Needless to say, this could have a huge impact on the upcoming election. If store shelves are quite bare in early November, millions of Americans will be in a very bad mood when they go to vote.
If it happens, the strike will begin on Tuesday. This is the first time that we have seen a strike of this nature in nearly 50 years...
Thousands of longshoremen at ports from New England to Texas are set to strike early Tuesday in the first walkout of its kind in almost half a century, freezing commercial shipping on a massive scale and disrupting the national economy weeks before the presidential election.
A strike would be the biggest disruption to the flow of goods in and out of the country since the height of the pandemic. Even a short-lived work stoppage would snarl shipping and create havoc in supply chains for weeks. Cargo ranging from cars to electronics, from food to furniture, would be stuck on ships offshore. Each day a strike lasts could cost the U.S. economy up to $1 billion, according to analysts. READ MORE
