Here are all the winners in the port strike deal
CNN
The deal reached Thursday to have 50,000 striking longshore workers return to work had a lot of winners — and relatively few losers.
The deal reached Thursday evening that ended a strike by 50,000 portworkers has a lot of winners and few if any losers. The deal only covers wages, not other contract provisions. But the union agreed to return to work Friday after a three-day stoppage while those other details, including increased use of automation and technology, are negotiated. But that wage deal stopped what could have become the most disruptive US strike in decades had it lasted weeks or months. The strike halted the flow of imports and exports across dozens of ports, what could have been a massive blow had the strike continued. Here’s how the major players made out. The main winners are the members of the International Longshoremen’s Association. The members of that union will get an immediate raise of $4 an hour, on top of their current top pay of $39 an hour. That works out to a raise of more than 10%. And they will get the same $4-an-hour raise every year over the six-year life of the contract. That $24 in cumulative raises will raise their pay 62%. And they returned to good-paying jobs without losing much in wages. Unlike a lot of unions, the ILA lacked strike benefits for members to help them pay their bills.