[[{“value”:”One of the most amazing facts to come out of the dockworker strike (now resolved, it seems): WSJ: Start with the astounding fact that there were 50,000 or so ILA strikers but only 25,000 or so port jobs. That’s right, only about half of the union’s members are obliged to show up to work each
The post The Missing Dockworkers appeared first on Marginal REVOLUTION.”}]]
One of the most amazing facts to come out of the dockworker strike (now resolved, it seems):
WSJ: Start with the astounding fact that there were 50,000 or so ILA strikers but only 25,000 or so port jobs. That’s right, only about half of the union’s members are obliged to show up to work each day. The rest sit at home collecting “container royalties” negotiated in previous ILA contracts intended to protect against job losses that result from innovation.
Hat tip: Scott Lincicome.
The post The Missing Dockworkers appeared first on Marginal REVOLUTION.
Current Affairs, Economics
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