Welp. Good Luck Everyone…

_______________________

▶RESOURCES

_______________________

▶OTHER CHANNELS:

_______________________

▶CHAPTERS:

00:00 Intro
12:15 What Are The Demands
01:15 Job Automation Is Taking Away Jobs!
02:16 White House Involvement
02:23 Effects On Imports And Supply Chains
05:36 Long-Term Concerns
06:30 Federal Reserve's Recent Moves and Future Outlook

_______________________

▶EXTRA

_______________________

These are some fun words: Caleb Hammer, financial audit, Graham Stephan, Dave Ramsey, Ramsey Show, George Kammel, Rich Dad Poor Dad, Podcast, Budgeting, Investing, Stock Trading, IRA, Roth IRA, 401k, health savings, HSA, 403b, college costs, student loans, debt, snowball, avalanche, pension, retirement, financial independence retire early.
_______________________

▶*Some of the links and other products that appear in this video are from companies for which Caleb Hammer will earn an affiliate commission or referral bonus. Some of the offers mentioned may no longer be available. This is not investment advice.

[Chewma-ok]

You go on automation we will strike!”
Company:”so anyway automation is working while they strike.”

[TheeShareCropper]

The 70% higher pay would incentivize use of machines even more no?

[mikeunsupervised]

I'd say it might have been justified BEFORE they rejected a 50% increase. I'm sorry, when the union is unreasonable, the likelihood of being replaced by automation goes way up.

[Psyche]

You all say it is unskilled labor, but we need that labor to function as a country. I sure as hell couldn't be a dock worker. If someone's job equates to stability of the economy, it should be compensated as such.

[bobbobby]

What I didn't know about dock workers until I started looking into this is that ILA members are guaranteed a job. Not only that, but they can pass their guaranteed job to their children! 🤯

I guess that currently containers stay at the dock for about 17 days and automation has the ability to drop it to 1 day. Which is crazy.

[skatelife]

Maybe I don’t know enough about the job but $150k for shipping and receiving containers seems like enough.

[steviesays]

It sure as hell effects us... my boyfriends whole factory is laid off for the next week maybe more all bc of them. I'm sure there's hundreds of factory and thousands of families will be affected

[TheKoladis]

Unions can be great. Depends on what they are fighting on. We need jobs in this country and automation can be seen as a threat. Back when margarine came out to the market, dairy farmers freaked out that they would lose their jobs too. Turns out butter and margarine can coexist in peace. I think they can find a happy medium to this problem.

[aswallscollapse]

The base pay is $20 an hour, not $39. Only people who have been there for six years are getting the top end wage.
Two thirds of them are on call, with no guaranteed hours if there are no ships to work.
These companies take in billions of dollars in profits off the backs of labor, they can afford to pay them.
If you are able to affect the economy on this kind of scale, you deserve the money.

[therealgreg]

Why is our food being shipped on boats? We have good farmland all over America

[knottheory]

So a low skill job that should pay about the going rate for an equipment operator that's already overpaid needs to be more overpaid. This is like the GM factory workers doing $15 an hour jobs for $75 an hour in the late nineties. I'm sympathetic to the workers as individuals but constantly overpaying for anything including labor is inefficient, wasteful, and at a certain point absolute madness. Opposing the implementation of new technology is crazy. This is why modern labor unions are not the same thing as historical labor unions.

[kyleschulze]

if your making between 150, 000 and 250, 000, then you lose all my sympathy. I hope they replace every single one of them with workers that aren't being unreasonable. Without any overtime they are already making over 80k, and want that to go to 150k in 6 years. your out of your mind. Most employers give a 2-3% raise a year not a 12.83%. This is just insulting!

[Endgator]

Of course this happens when I'm importing a car from Japan to Baltimore, just my luck 😭😭

[iSlyOne]

Unions need to understand, there is a balance based on VALUE. If they go too far with demands, their value drops and the value of automation increases. At some point, their demands with FORCE automation.

[toomanyrads]

I have no issue with them wanting to keep their jobs instead of getting replaced by machines, the pay increase is insane. I feel like I’d get fired for even asking for 50%

[burritogod]

Automation is bad for the dock workers and good for literally everyone else.

[theCTCamp]

We cannot forget that the cost is not just going to be in salaries being increased. Insurance for businesses is based on their payroll. If they are paying more in payroll, they also pay more for insurance. It's a percentage, so no matter what, their insurance costs will go up with any increase with payroll, meaning if they agree to the 70% pay increase, their insurance costs will go up by 70% as well.

[franklincastillo]

Every job should be unionized❤❤❤ Unions are the best unions created America

[jsmoove]

It genuinely pisses me off that the union is demanding no automation. Everything is trending towards automation and there’s no reason they should be exempt

[JacklynHerrera-wjzm]

After watching this video. I feel lost that I'm 39 years old and jobless. With $425, 000 saved for an early retirement at age 50, $10, 000 in an HSA, and a property that could yield an extra $200, 000, what opportunities do I have for passive income?