The International Longshoremen’s Association announced late Thursday it would suspend the two-day-old strike across America’s East and Gulf Coast ports after reaching a tentative deal with their employers.
The deal reportedly includes a 62% rise in wages over the course of six-year contracts, which works out to about a $4 an hour wage increase per year. Workers won’t see the benefit for a few months though, as their current contract, which expires Tuesday, has been extended to Jan. 15, 2025.
President Joe Biden, who had pressed both sides to come to a deal — in no small part because of the political ramifications of a crucial labor strike five weeks before an election — praised the quick resolution. “I congratulate the dockworkers from the ILA, who deserve a strong contract after sacrificing so much to keep our ports open during the pandemic. And I applaud the port operators and carriers who are members of the US Maritime Alliance for working hard and putting a strong offer on the table,” he wrote in a statement.
With the threat of major economic disruptions from the strike now off the table, the week just got a little bit easier for Vice President Kamala Harris’ campaign — and with polls showing essentially a dead-heat race, she’ll take any little advantage she can get.