Grant Cardone, the well-known real estate entrepreneur, recently took a strong stance on the ongoing dockworkers’ strike, stating that longshoremen deserve better pay. Cardone tweeted that the nation has more than enough financial means to compensate the workers handling the daily goods Americans use.
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But what was exactly in his tweet? He said, “Pay the Longshoremen. The U.S. pays $150B to fund illegal immigrati on and has given $250B to Ukraine [sic]. Pay the workers who get our goods to us or make it in America and quit importing it.”
It's important to note that these figures are likely inflated and undocumented workers contribute to the economy through taxes and essential labor.
Reactions to his tweet were mixed. Some people who agreed with Cardone said that Americans should earn more money and that investing in the people who sustain the nation is long overdue.
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Others pointed out that it's not just about pay – it's about whether halting automation is even a realistic demand, with some saying, "They have to accept automation as part of the deal. Who knows how much extra cost is being passed on to Americans by staying in the stone age to maximize their pay."
The strike, which has shut down 36 ports along the East and Gulf Coasts, began when the International Longshoremen's Association (ILA) and the U.S. Maritime Alliance failed to agree on a new contract. Dockworkers demand a 77% wage increase over six years, protections against automation and better health coverage.
Nearly half of all maritime imports into the United States pass through these ports, so a major disruption to supply networks costs the country billions of dollars daily. In fact, J.P. Morgan estimates that if it continues, it could cost the economy up to $4.5 billion per day.
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The ports affected by the strike handle significant amounts of imported goods, including cars, construction equipment and beverages. If the strike drags on, prices could rise and products could take longer to hit store shelves – affecting everyone from small business owners to consumers just trying to buy a holiday gift.
Despite the economic risks, President Biden has so far refused to intervene, though he has been in contact with both sides, encouraging them to find a solution quickly. A White House spokesperson said, “This weekend, senior officials have been in touch with USMX representatives urging them to come to a fair agreement fairly and quickly – one that reflects the success of the companies. Senior officials have also been in touch with the ILA to deliver the same message.”
As the strike continues, Cardone’s demand to “pay the longshoremen” joins the growing chorus of voices opposed to workplace automation and calling for fair wages.
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