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The West Coast Port Shutdown

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In recent days, dozens of ships have been locked-in at sea waiting to be unloaded at about 30 different West Coast ports. This has come from a contract dispute between dock workers and their employers regarding payment and benefits. During this time workers refuse to do their jobs, and is causing a rippling effect on the global economy. The economic problems begin with the fact that over 20,000 port workers are not being payed and refuse to work. In addition, these ports handle more than 70% of all good coming in from Asia, and much that we ship out. This means that California's large citrus market and many other states produce are simply rotting in the California heat. One man said that the citrus will generally ship around 800 to 900 containers a day during this season to Asia, but are expecting to only do half that this year. This will hurt not only the orange growing companies, but food processors that need oranges for their product and the average consumer at the market as well as California’s overall economy. We can also look at companies like Nintendo, who manufacture goods in Asia and have a large market in the U.S., that have made no official claims to have been affected by the shutdown but show clear signs. Stores like Gamestop have had to cancel pre orders for the limited edition Majora's Mask 3DS XL, as it was clear they would not have enough to fill demand. The standstill at the docks has a waterfall effect on just about every business around the globe. There are resources that cannot be delivered, forcing companies to slow production or come to a standstill. Such is the case for major car manufactures Subaru and Honda This results in losses of profit, more expenses and potential layoffs. Those all cause more problems because less money is spent then and that gives other businesses and companies less money to invest and everything tumbles. Jay Timmons says that this protest could cost the economy about $2 billion a day,

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