The mainstream media is happily reporting that the dock workers’ strike is over. Well, it is for now. There are a few problems with that statement. Both sides have agreed to extend the current contract through January 15th (a Wednesday) while they continue to negotiate. The new President (whoever that may be) will be sworn in January 20th (a Monday). We should be prepared for an extended strike at that point.

A U.K. Daily Mail article updated October 4th states:

President Joe Biden and Vice President Kamala Harris celebrated the news that the International Longshoremen’s Association union had temporarily paused their strike until after the election.

The union ended their three-day strike until January 15, after reaching a temporary agreement with the U.S. Maritime Alliance.

The port employers offered workers to increase wages by 62 percent, according to reports, which helped reach a ‘tentative agreement.’

That’s a pretty major wage increase. Because it will increase the cost of every item shipped, what will it add to the price of goods and the increasing inflation?

This is not a solution to the problem–it is simply kicking the can down the road so someone else can deal with it.