The Economy Thread III: Not Actual Advice And You Shouldn't Lie To Investors

**Zetanio** · 2024-10-01 12:16

support my union bredren

ports are gonna pay up, they're over a barrel. quite literally.

**Zetanio** · 2024-10-01 14:36

https://x.com/MorePerfectUS/status/1...109087/video/1

**Zealot** · 2024-10-01 14:47

Automation is presumably a good thing but I view an approximately 0% chance any businesses would replace longshoremen with machines and pass the savings on to us. They'd stop paying human employees and then raise prices again.

**Mrbeansman** · 2024-10-01 17:58

https://x.com/LiamFromBoston/status/...Pgeiu985w&s=19

Shockedpikachu.gif

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**mallister** · 2024-10-01 18:28

That's a huge union and the members voted for the strike. That's not a one person decision.

Also I'm not saying a union won't or can't exert serious influence on voting, because I literally just went through this myself.

**archibaldcrane** · 2024-10-01 23:32

While preventing automation of the ports is in the narrow best interests of the longshoremen, it's decidedly bad for America. Our ports are shamefully unproductive compared to international peers, and it's a drag on economic activity for the benefit of a few thousand workers.

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**archibaldcrane** · 2024-10-02 00:08

Originally Posted by archibaldcrane

While preventing automation of the ports is in the narrow best interests of the longshoremen, it's decidedly bad for America. Our ports are shamefully unproductive compared to international peers, and it's a drag on economic activity for the benefit of a few thousand workers.

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https://twitter.com/SwannMarcus89/st...Hr7xAIm7g&s=19

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**Cantih** · 2024-10-02 02:10

I considered trying when they opened the "casuals" lottery back in 2017.
The odds (especially with family "interest cards"), and the bullshit you have to go through to get a days work, it's not much better than Amazon.

There are good unions, the L.A. longshoremen aren't one of them. Nowhere as awful as police unions, but they aren't giving a good reputation to the concept.

**Zetanio** · 2024-10-02 07:13

Originally Posted by archibaldcrane

While preventing automation of the ports is in the narrow best interests of the longshoremen, it's decidedly bad for America. Our ports are shamefully unproductive compared to international peers, and it's a drag on economic activity for the benefit of a few thousand workers.

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I agree but the companies they work for have been making pretty extraordinary profits and passing none of it to their workers. You're going to piss your workers off and they have all the power in this situation.

**Kaslo** · 2024-10-02 10:18

Originally Posted by archibaldcrane

While preventing automation of the ports is in the narrow best interests of the longshoremen, it's decidedly bad for America. Our ports are shamefully unproductive compared to international peers, and it's a drag on economic activity for the benefit of a few thousand workers.

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This is probably because we only allow US Ships to deliver to US ports, so companies have to transfer shit off-site before pulling into port.

**Zetanio** · 2024-10-02 11:28

JONES ACT BAY BAY

**6souls** · 2024-10-02 20:10

Originally Posted by Mrbeansman

https://x.com/LiamFromBoston/status/...Pgeiu985w&s=19

Shockedpikachu.gif

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https://x.com/nypost/status/1841547850888413490

**Zetanio** · 2024-10-03 07:34

https://x.com/tracyalloway/status/1841818741266403431

**Zealot** · 2024-10-03 18:23

I'm reading the strike is over?

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**Krandor** · 2024-10-03 18:42

They've extended the existing contract to Jan 15th

**Fondue** · 2024-10-03 20:28

Originally Posted by 6souls

https://x.com/nypost/status/1841547850888413490

Here's ILP's president a few weeks ago talking about their demands on automation and that "I will cripple you and you have no idea what that means":

His name is Harold Daggett. In 2005, he had RICO charges brought against him by the DOJ in connection with the Genovese family keeping control of ILP by getting him made president so they could keep sending contracts to Mafia controlled companies:

> DAGGETT and COFFEY are charged with conspiring to extort the president of the ILA International, John Bowers, to install DAGGETT as the ILA president. As alleged in the indictment, a previously filed complaint and other court filings, **in 1999 the Genovese family decided that DAGGETT should become the next president of the ILA**. In furtherance of the scheme, it is alleged that COFFEY brought Bowers to a meeting with a Genovese family soldier, who delivered the message that the Genovese family wanted to replace him with one of their own when Bowers left the presidency. [0]

He was acquitted when a key witness, mobster Lawrence Ricci, was found dead in the trunk of a car in front of a diner in New Jersey.[1]

Daggett makes more than $1m / year as President of the ILP and owns a 76 foot yacht called "Obsession". His son Dennis is a VP at the union and makes $685k / year.

https://waterfront.ny.gov/news/two-l...amily-indicted
https://www.ft.com/content/f2d12689-...5-4c8254568ee4

**archibaldcrane** · 2024-10-03 21:16

Originally Posted by Zetanio

JONES ACT BAY BAY

https://twitter.com/AlecStapp/status...RsWfs_IMA&s=19

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**archibaldcrane** · 2024-10-04 07:50

https://twitter.com/byHeatherLong/st...q9h21ZERQ&s=19

Unambiguously good jobs report across the board.

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**Zetanio** · 2024-10-04 09:45

Originally Posted by archibaldcrane

https://twitter.com/AlecStapp/status...RsWfs_IMA&s=19

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I fucking love this.

Originally Posted by archibaldcrane

https://twitter.com/byHeatherLong/st...q9h21ZERQ&s=19

Unambiguously good jobs report across the board.

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yep

**Kaslo** · 2024-10-04 09:54

Originally Posted by archibaldcrane

https://twitter.com/byHeatherLong/st...q9h21ZERQ&s=19

Unambiguously good jobs report across the board.

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Just terrible news, when will we end this recession?

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