MILLIONS – EVEN billions – of dollars. Each day. What could possibly cost that much? Well, seaport strikes and labor disputes, to start.
Although port labor strikes are anything but a recent phenomenon, the recent pace of strikes is quickening in response to escalating economic changes worldwide. A simple Internet browser search on "port strike" will yield such results as "Seaport strike costing U.S. economy $1B a day"; "Chile is losing more than $200M a day due to port worker strike"; "Port Hedland (Australia) facing $100M a day strike threat." Labor strikes recently have hit ports in India, the U.S., Cyprus, Brazil, Egypt, Argentina, Hong Kong, Portugal and Australia.
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