A secret meeting between the International Longshoremen’s Association (ILA) and the United States Maritime Alliance was held to address automation issues at ports ahead of the January 15th negotiations. The discussions focus on balancing new technology with job creation, emphasizing human involvement in tasks requiring precision. Concerns over rising labor costs and the potential for inflation in the supply chain persist. While automation terms are still being debated, the USMX may reconsider wage increases depending on the outcome. If no agreement is reached, a strike or government intervention remains possible.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02A secret meeting between the International Longshoremen's Association and the United
00:06States Maritime Alliance was held to address automation issues at ports ahead of the January
00:1115th negotiations. The discussions focus on balancing new technology with job creation,
00:16emphasizing human involvement in tasks requiring precision.
00:20Concerns over rising labor costs and the potential for inflation in the supply chain persist.
00:24While automation terms are still being debated, the USMX may reconsider wage increases depending
00:30on the outcome. If no agreement is reached, a strike or government intervention remains possible.