Dockworkers agree to end strike, WSJ reports

Dockworkers agreed to end a three day strike after port employers offered a 62% increase in wages over six years, The Wall Street Journal’s Paul Berger and Annie Linskey report, citing people familiar with the matter. The agreement ends a strike that had closed container ports from Maine to Texas and threatened to disrupt everything from the supply of bananas in supermarkets to the flow of cars through America’s factories. President Joe Biden said in a statement, “Collective bargaining works, and it is critical to building a stronger economy from the middle out and the bottom up.”