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Vinod's Blog Random musings from a libertarian, tech geek... |
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A friend sent me this article talking about the current longshoremen strike that's shut down container shipping along the US west coast.
I'll admit that I was a little surprised when I saw the salary figures although I think I understand it a bit... The work is VERY high precision, high speed, high pressure. I remember seeing that a good longshoreman moves ~30 containers an hour from the depths of the cargo holds of a container ship to the doc all while perched 100ft above the container in a crane. More importantly though, thanks to the *ferocious* increase in volume that stemmed from cargo containerization, the $$$ value that an individual longshoreman moves from ship to shore is probably in the $M's / hour. It goes back to the old principle of "the closer you are to the $$$, the more $$$ you make" On the flip side, however, the source of the ILWU's beef seems to be very neo-Luddite (I am by no means an expert on the issues here; nor do I plan on investing too much time to become one...):
Just to fact check, MSNBC has a similar conclusion about the root cause of the strike:
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