That would raise average wages to about $63 an hour from $39 an hour over the life of the contract.
The union and the port operators said in a statement that they would extend their master contract until Jan. 15, 2025 to return to the bargaining table to negotiate all outstanding issues.
https://xcancel.com/MorePerfectUS/status/1841973125996585431
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Who cares what these companies think is and isn't fair? They created this inflation for the past years, they pay for it. And besides that, why do workers need to adhere to a past contract in their current demands? Continuing the strike for a one-time inflation-payment would have been the right choice for the workers, so the union should have done so.
Why does it need to be one or the other? That's what capitalists want you to think. Why can't it be an hour reduction and a pay increase together? That's something that would be great for everyone. Only increasing pay or only decreasing hours is always going to split workers based on their current economic standing. Doing both not only strengthens all the workers, it also positively affects their companionship.
So because the minimum, mean and median wages have NOT increased nearly as fast as they should, we should… checks notes… not fight for better pay?