What is the tentative wage hike for US dock workers?

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Tentative Wage Hike for US Dock Workers Reaches Approximately 62 Percent Over Six Years

US dock workers and port operators have reached a tentative agreement that includes a wage increase of around 62 percent over a six-year period. This proposed contract would elevate average hourly wages from approximately US$39 to about US$63. The agreement aims to resolve a significant work stoppage that impacted shipping along the US East Coast and Gulf Coast.
Significant Wage Increase Proposed

The core of the tentative agreement centres on a substantial wage adjustment for longshoremen. The proposed six-year contract includes a cumulative wage hike of roughly 62 percent. This would translate to an increase in average hourly pay from the current US$39 to an estimated US$63 by the end of the contract's term.
Context of Negotiations and Strike

This tentative deal comes after a three-day strike that halted operations at numerous ports. The International Longshoremen’s Association (ILA) had initially sought a 77 percent raise, while the employers' group, the United States Maritime Alliance (USMX), had countered with an offer of nearly 50 percent. The strike, the most significant of its kind in nearly fifty years, disrupted the flow of goods and led to a backlog of ships.
Unresolved Issues and Future Negotiations

While the immediate strike has been called off, not all issues have been settled. The tentative agreement includes an extension of the master contract until January 15, 2025, allowing for further negotiations on outstanding matters. A key unresolved issue is the impact of automation, which workers fear will lead to job losses. Previous discussions indicated that employers had not agreed to demands to halt port automation projects.

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What is the tentative wage hike for US dock workers?

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