New York Should Expect Shortages, Higher Prices On Popular Goods
A $5 billion a day strike is expected to impact New Yorkers in a number of ways.
Workers at ports from Maine to Texas went on strike on Tuesday.
Port Workers Go On Strike
At midnight, with a new contract not agreed to, the International Longshoremen's Association made good on their vow to walk off the job.
Officials believe this could be the most disruptive strike to the U.S. economy in decades.
If the strike drags on, it could stop the flow of household goods, clothing, toys, cars and much more, right before the holidays kick-off.
JPMorgan believes the cost to the country could be about $5 billion a day. Expect shortages and higher prices and many items, CNN reports.
For all the news that the Hudson Valley is sharing make sure to follow Hudson Valley Post on Facebook, download the Hudson Valley Post Mobile
Experts warn this strike will stop the flow of goods and household items from getting to big retailers like Costco, Walmart and Home Depot.
New York State Prepared
Gov. Kathy Hochul says New York is prepared for this strike.
She agrees disruptions with supplies is expected, but doesn't think New Yorkers will really notice a shortage in most essential goods like food and medical supplies until weeks into the strike.
Officials are also prepared to use state stockpiles to deploy resources including generators if they are needed.
Hungry? Italy Says The Best Pizzeria In The World Is Found In New York
"The Port Authority has been working closely with the commercial trucking industry to ensure cargo containing essential goods, medical supplies, and food products that have already been offloaded are moved out of Port facilities and to their final destinations," Hochul's office states.
Home Heating Oil, Gasoline and Diesel To Be Unaffected During Possible Strike
Hochul's office believes the strike won't impact petrochemical goods including home heating oil, gasoline and diesel, as well as municipal solid waste in the Port of New York and New Jersey.
Warning: 'Aggressive" Bear Destroys Home In Upstate New York, Returns
Upstate New York Ports In Albany, Coeymans, Oswego and Buffalo Not Impacted
"We do not anticipate that Upstate ports including Albany, Coeymans, Oswego and Buffalo will be impacted by a strike," Hochul's office stated.
Highest Paying Jobs In New York State
Highest Paying Jobs In New York State
Counties with the highest unemployment in New York
Gallery Credit: Stacker
5 Cities in New York Report the Most UFO Sightings in America
5 Cities in New York Report the Most UFO Sightings in America
Gallery Credit: BetUS