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How Biden helped end a port strike that threatened Democrats in November
Tags: Current Focus, Renewal America, Leadership Skills, Managing Business, United States, European Union, China, Japan, South Korea, The Economy, Inequality / Upward Mobility, Movement for Renewal of America, 2. Cost of Living Action, 3. Income and Wages Fairness, 5. Bringing Jobs and Factories to the US, 6. Capital Allocation for Infrastructure, Goods and Services, 8. U.S. Investment by Government+ Private,
In a way that recalls FDR Biden backed dockworkers on wages that fell behind. Former Fed Governor chief economist at the White House, Lael Brainard, together with the Transportation and Labor Secretaries Buttigieg and Julie Su, with White House chief of staff Zient, all in a Zoom call at 5.30 am with shipping company management in the EU and Asia. Brainard made proposal the shipping companies accepted for 62% increase in wages over 6 years, increasing top wages $24. The dockworkers union Longshoreman's Association asked for 77%, a decent share in the large shipping company profits after decades when wages lagged behind cost of living.
Zient told the shipping companies in that Zoom call-
“I need the offer today — not tomorrow. I’m going to brief the president in an hour that you believe you can get this done today.”
Stein, Duncan and Gurley tell the extraordinary story of how Biden backed the call for raising 45,000 workers wages on the port docks along the East. Coast.
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