We know what’s coming and we are prepared.
🇺🇸 The US dockworker strike:
▫36 ports
▫45,000 workers
▫60% of US shipping traffic
▫$5 billion in economic damage per day
Freight costs for businesses have already gone up 20% ahead of the stoppage...
Key dockworker demands:
Pay raise
▫ 77% raise over six years- Current top wage is $39/hour
Protection against automation
▫Cargo-moving robots are a "signature issue" of the union president
"If a strike is resolved within a week, experts anticipate minimal economic damage. But the longer it goes on, the greater the chaos and potential for shortages and price hikes."
📎 Morning Brew
British man attacked for entering a ‘no-go zone’ in London.
A horde of Islamists surrounded him and questioned why he was in ‘their’ neighborhood.
They threatened him and began chanting ‘Allahu Akbar’ as they kicked him out.
Minister of State for Courts and MP for Finchley and Golders Green, Sarah Sackman, says religious courts like 'Shariah' are a fundamental part of 'British Values'.
A 65-year-old couple retiring in 2025 with average earnings will receive an estimated $1.34 million in lifetime benefits, while contributing only $720,000 in today’s dollars.
That shortfall—more than $600,000 per couple—is being made up by younger workers.
“Most of the growth in spending has gone to retirement and healthcare, while programs that promote upward mobility... have been left behind”
https://www.newsweek.com/social-security-medicare-young-workers-cost-10477619
