The US could see shortages and higher retail prices if a dockworkers strike drags on

U.S. ports from Maine to Texas shut down this week when the union representing about 45,000 dockworkers went on strike for the first time since 1977.

Workers began walking picket lines early Tuesday near ports all along the East and Gulf coasts.

A shutdown that lasts more than a few weeks has the potential to raise prices and create shortages of goods throughout the country as the holiday shopping season — along with a tight presidential election — approaches.

President Joe Biden told reporters Thursday that he thought progress was being made in ending the strike. Asked how much, Biden said “We’ll find out soon.”

What are the issues in the dockworkers strike?

The International Longshoremen’s Association is demanding significantly higher wages and a total ban on the automation of cranes, gates and container-moving trucks that are used in the loading or unloading of freight at 36 U.S. ports. Those ports handle roughly half of the nations’ cargo from ships.

The contract between the ILA and the United States Maritime Alliance, which represents the ports, expired Tuesday.

The union’s opening demand was a 77% pay raise over the six-year life of the contract, with President Harold Daggett saying that it would make up for inflation and years of small raises. ILA members make a base salary of about $81,000 per year, but some can pull in over $200,000 annually with large amounts of overtime.

On Monday, before workers hit the picket lines, the alliance said it had increased its offer to 50% raises over six years, and it pledged to keep limits on automation in place from the old contract. The alliance also said its offer tripled employer contributions to retirement plans and strengthened health care options.

Which ports are