Ports Are Shut Down - How This Affects Our Economy & Inflation

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  • Опубликовано: 1 окт 2024
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Комментарии • 252

  • @MinorityMindset
    @MinorityMindset  8 часов назад +2

    Join Market Briefs for FREE and get my daily financial newsletter: briefs.co/market/jaspreet
    WARNING: LOOKOUT FOR SCAMS IN THE COMMENTS!
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  • @martinyoselin
    @martinyoselin 9 часов назад +420

    Just watched your video discussing AWS66T and I am very excited about this

    • @professork5634
      @professork5634 7 часов назад +2

      @@martinyoselin don't you all get tired doing the same exact scam in all the comments ?

    • @pacmanfanable
      @pacmanfanable 7 часов назад +2

      @@professork5634they are bots. They don’t care😂

  • @woodseward
    @woodseward 9 часов назад +465

    AWS66T is still extremely undervalued

    • @meenathakor8431
      @meenathakor8431 8 часов назад

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    • @PradeepPradeep-m2n
      @PradeepPradeep-m2n 8 часов назад

      crypto is risky thats why we should choose a project which already has good brand like Amazon

    • @BISHALMAHTO-n6u
      @BISHALMAHTO-n6u 8 часов назад

      AWS is promising! Happy to be part of this journey.

    • @akaleshkumar605
      @akaleshkumar605 8 часов назад

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    • @madanlalhi9442
      @madanlalhi9442 8 часов назад

      undervalued project

  • @chakraavi
    @chakraavi 10 часов назад +91

    No one can stop automation this will accelerate it

    • @professork5634
      @professork5634 9 часов назад

      Vechain

    • @donaldjohnson-e8f
      @donaldjohnson-e8f 7 часов назад +7

      Indeed. They just lost sympathy from people who were on the fence.

    • @adamm2716
      @adamm2716 7 часов назад

      @@professork5634 what can vechain do? i bought some years ago but it's not designed to go up in value

    • @mexican-americanpatriot721
      @mexican-americanpatriot721 5 часов назад +1

      They are middle class and fighting millionaires. You poor people don't matter.

    • @John.ThirteenPoint6969
      @John.ThirteenPoint6969 4 часа назад

      All part of the agenda….. this is all by design. UBI received only in CBDC payment coming soon.

  • @jimb3093
    @jimb3093 9 часов назад +26

    My thing we have to adjust to the times. We all should have backup plans in case you lose your job. Automation is here. Time to learn new skills and qualifications.

    • @mikezerker6925
      @mikezerker6925 Час назад +1

      This country has been through this many times. Adapt and overcome is the only way!

  • @evynp
    @evynp 4 часа назад +18

    You don't want your job to be taken by robots, but you're demanding they pay you more, instead of realizing you're making yourself a liability.
    If that isn't an incentive to get the automation done quicker, idk what is.

    • @ptemptress03
      @ptemptress03 2 часа назад +2

      No job is safe

    • @pilot41186
      @pilot41186 Час назад

      so your promoting loosing American jobs on propagandist China tok by using Chinese automation ... your a sell out to china

    • @mikezerker6925
      @mikezerker6925 Час назад +1

      @@ptemptress03people building robots, maintaining them and designing/building the hardware and software to run them are safe

  • @tomdrummy4984
    @tomdrummy4984 10 часов назад +15

    They can’t confirm jobs won’t be taken by robots

  • @chrisvanwinkle9039
    @chrisvanwinkle9039 4 часа назад +8

    wife works in a grocery store - the idiots panic buying have already started

    • @aambriz51
      @aambriz51 2 часа назад

      🤣🤣 I could imagine

  • @richhands5269
    @richhands5269 10 часов назад +14

    My three favorite channels: Minority Mindset, Stock Brotha, & How Money Works. Make my week complete! 🔥 🔥 🔥

    • @razzdiamond6447
      @razzdiamond6447 10 часов назад +3

      Add ClearValue Tax to that list 🔥

    • @TRONABORON
      @TRONABORON 6 часов назад

      Thanks for the info-did not know about the other two.

  • @stevenglasscho6301
    @stevenglasscho6301 10 часов назад +15

    ❤ thanks for responding so fast with this information

  • @ThatGuyOnYoutube2
    @ThatGuyOnYoutube2 8 часов назад +8

    Its all a house of cards. We are being lied to and happily agreeing with our television

  • @ihopethiscommentisntabusiv4670
    @ihopethiscommentisntabusiv4670 7 часов назад +5

    "We dont want to be replaced by machines!" -- dock workers
    *goes and show why they should be replaced by machines* -- also dock workers

  • @sowpur
    @sowpur 6 часов назад +14

    $20/hr is on the lower end. Per the 2019 contract, average pay of dock workers including overtime is $45/hr and on average dock workers made $147K/ yr last year plus $30K in health insurance benefits. Hard to sympathize with folks who make more than average Americans and hold Americans hostage specially after such a catastrophic hurricane when supplies need to flow to the disaster areas. And the ILA leader made $855K last year. I hope this accelerates automation.

  • @virginia_in_the_rearview
    @virginia_in_the_rearview 8 часов назад +10

    Yet another reason for US manufacturing!

  • @jessejaimz_og5978
    @jessejaimz_og5978 10 часов назад +47

    Seems like a good argument for automation

    • @StreetFighter2010
      @StreetFighter2010 10 часов назад +11

      Exactly. Letting some manual labor dock workers decide the fate of the United States is a national security threat.

    • @jmacroberts
      @jmacroberts 9 часов назад

      Entry level skill job trying to milk the economy for a permanent career. Zero respect. Replace them all with DEI/AI solutions.

    • @marioeid930
      @marioeid930 5 часов назад +1

      Well shouldn't they get paid something? Aren't you tired of low paying jobs?

    • @projectonerec
      @projectonerec 5 часов назад

      @@StreetFighter2010 national security threat ? Get real lol

    • @iBeo01
      @iBeo01 4 часа назад

      Seems like a good argument to throw tea off the boat and have a party.
      Is that what you want? For them to throw tea and have a party? Cuz this is how you get thrown teas and parties.

  • @Alexfinancialfreedom77
    @Alexfinancialfreedom77 10 часов назад +8

    Thanks for the update.

  • @stacytran1435
    @stacytran1435 7 часов назад +4

    Thank you so much for the information!🎉

  • @Roughneck7712
    @Roughneck7712 10 часов назад +31

    Nothing says "replace me with AI and automation" quite like shutting down an entire country's economy through a strike

    • @pentrubarbati
      @pentrubarbati 7 часов назад +2

      exactly :))

    • @thetapheonix
      @thetapheonix 7 часов назад

      They’ll be replaced by all the newly arrived immigrants.

    • @yourbodyandyou
      @yourbodyandyou 4 часа назад +1

      Machines break. Parts are expensive and so are the people who can repair them.

  • @Battleganz
    @Battleganz 4 часа назад +2

    This one was especially good. Thank you, my friend.

  • @getinthespace7715
    @getinthespace7715 5 часов назад +2

    I'm expecting Core inflation to keep going up. Has been for months.
    Reducing interest rates was an attempt to keep the Jobs market from imploding.

  • @debbiefletcher-bryant5413
    @debbiefletcher-bryant5413 7 часов назад +1

    Thank you for what you do, I have a better understanding of everything because of your work!!!

  • @social3ngin33rin
    @social3ngin33rin 10 часов назад +2

    California dockworkers tend to make over 100k/yr, but it's expensive to live in CA, also, they're still making extremely good money. I have no idea about their particular state.

    • @eegernades
      @eegernades 9 часов назад

      When it comes to California, think they'll be the least affected state on this. Texas too.
      Other states? Yea good luck

    • @social3ngin33rin
      @social3ngin33rin 9 часов назад

      @@eegernades sounds about right
      The Eastern half of the US will be hit hard depending on how long this lasts.

  • @RaatRani-uw5ww
    @RaatRani-uw5ww 10 часов назад +2

    Help full Brother love from INDIA ❤

  • @johndoe1.196
    @johndoe1.196 7 часов назад +1

    Inflation is an increase in the number of monetary units or credit/debt in existence. Prices going up due to reduced supply is just "supply & demand"- a different phenomenon.

  • @christophersuzor6838
    @christophersuzor6838 10 часов назад +3

    The economy is under attack from many fronts and it's not getting better any time soon...how do I protect my savings?

    • @adamm2716
      @adamm2716 7 часов назад

      you would buy a bond or a cd

  • @rickyershey-sl8cm
    @rickyershey-sl8cm 9 часов назад +6

    They are fighting the wrong fight, they need to fight against income tax.

  • @zombee38
    @zombee38 3 часа назад

    A real pro putting out this information for us...thank you !

  • @abelfaber4457
    @abelfaber4457 9 часов назад

    this will have a knock on effect for shipping worldwide, since ships are held up in or outside american ports, they will not be on time for port slots elsewhere which will delay stuff at other ports also.

  • @mikezerker6925
    @mikezerker6925 Час назад +1

    Ironically the dock workers Union are giving their employers even more reason FOR automation with their demands

  • @Acard89
    @Acard89 5 часов назад +1

    Is that Chicago behind you, Jaspreet?

  • @stimsingh9361
    @stimsingh9361 8 часов назад +7

    please stop saying the economy is good... it's is terrible, get out there and speak to real people.

  • @YouStillNeedToSleep
    @YouStillNeedToSleep 4 часа назад +1

    Great teacher!

  • @ritterengine1289
    @ritterengine1289 Час назад

    That’s ridiculous. Most people see between 2-6% salary increases

  • @dingdongdaddy589
    @dingdongdaddy589 10 часов назад +11

    I hope they automate all the ports…

  • @phrozen4life
    @phrozen4life 7 часов назад +2

    I think it's time to replace them with robots if we want to avoid these issues in the future. Going on strike is a funny way of telling your employer you want to work, and demanding increases in salary will just add cost that will be offset onto said products coming in, Automation won't ask for raises, will work 24/7, doesn't need vacations or benefits, and best of all won't revolt but rather just do it's job.

  • @chrisferretti7020
    @chrisferretti7020 5 часов назад +5

    California raised minimum wage and look what happened...lost jobs.

    • @vestedinterest5655
      @vestedinterest5655 3 часа назад

      California added 3,198,100 nonfarm jobs over the course of its 39-month expansion from April 2020 through July 2023. By July 2023, California had gained 443,500 nonfarm jobs, marking an increase of 2.5 percent.

  • @Audrey-k2h
    @Audrey-k2h 10 часов назад +3

    Greedflation

  • @youtubetim3577
    @youtubetim3577 10 часов назад +18

    That's insane over 10% raise per year no one gets that, the fact they spit in face for a raise of 7% a year and 3x there retirement is just straight greed... replace them all I say

    • @blazingfuryoffire1
      @blazingfuryoffire1 10 часов назад +1

      3x retirement might not be much of a benefit.

    • @testpilot.
      @testpilot. 9 часов назад

      Nha wages where suppressed for to long. The elite got greedy expect more strikes

    • @Benz09211
      @Benz09211 9 часов назад +4

      Sounds like they don’t want to change their way of life instead they want more money to spend more money.

    • @Maxwell-u5w
      @Maxwell-u5w 7 часов назад

      Not really considering cost of living has risen over 30% seems legit to me fuck this government and there bullshit

    • @Maxwell-u5w
      @Maxwell-u5w 7 часов назад

      ​@@Benz09211no to spend dipshit to pay for cost of living rise specially in California and other areas

  • @mikebev2825
    @mikebev2825 Час назад

    Thanks for the great information.

  • @TRONABORON
    @TRONABORON 6 часов назад

    Question, how will this effect Europe? This has to be a financial pain for the EU?

  • @Thesussysuscat
    @Thesussysuscat 10 часов назад +2

    I'm kinda tired of election c years

  • @DJLatrellLopez
    @DJLatrellLopez 3 часа назад

    Everybody takin the toilet paper. Now I gotta wipe my ass with fall leaves 🍁 and those aren’t comfy. Ouch!

  • @mane521
    @mane521 2 часа назад

    People panick buying items that won't even be affected is hilarious. Welcome to America.

  • @donaldreinholz3745
    @donaldreinholz3745 Час назад

    West coast longshoremen signed their contract already

  • @Tonyravioli69
    @Tonyravioli69 10 часов назад +4

    Asking to be even more overly paid than they already are for what they do. Automation full speed ahead.

  • @bluecollarbullionballer4269
    @bluecollarbullionballer4269 5 часов назад

    30 dollars a hour raise they are def going to speed up automation.Get the Robots they dont call in strikes,sick,or double salary.

  • @OneJuanWon
    @OneJuanWon 5 часов назад

    The reason this isn't effecting the longshoreman working at the ports on the West Coast of the US is because they work under a different union organization/chapter. In 2023, they reached a deal where the hourly pay was increased to around $60/hour. I suspect this group is trying to achieve a similar result....and I hope they get what they are asking for. These shipping/logistics companies rake in billions annually and the last time this union had a strike for wages was over 40 years ago. These people are key to making our economic engine work - support them.

    • @206remyboyz7
      @206remyboyz7 4 часа назад

      Ilwu23 here for the Port of Tacoma

  • @DominionAnako-bb7ry
    @DominionAnako-bb7ry 10 часов назад +1

    Economic growth refers to the increase in the production of goods and services in an economy over a period of time. It's typically measured by the rise in a country's gross domestic product (GDP).

    • @janetpelletier1238
      @janetpelletier1238 10 часов назад

      And what if the GDP is only propped up because of government spending?

  • @Starship007
    @Starship007 14 минут назад

    All these ships waiting out in the ocean

  • @DavidHenderson-v6u
    @DavidHenderson-v6u 6 часов назад

    Thank you

  • @jarrettlabate5595
    @jarrettlabate5595 9 часов назад

    Noooo!!!!! Not car parts😢

  • @stacyboyd7070
    @stacyboyd7070 4 часа назад

    For all the people on here talking about replacing them with A.I., better hope your job can't be replaced as well.

  • @drumdad1242
    @drumdad1242 41 минуту назад

    “ I learned in government school, people in government have special powers.” lol Oh yeah, we’re gonna be good.

  • @Tonyravioli69
    @Tonyravioli69 10 часов назад

    Docks are important yes, but the workers don’t do anything too difficult. They are operating forklifts and cranes and documenting things. None of that even requires a college degree or anything.

    • @Mike-fo2uh
      @Mike-fo2uh 9 часов назад +2

      Yet they risk their life’s. That’s a hard job bro you trippin.

    • @somerandomguy6977
      @somerandomguy6977 9 часов назад +4

      The info I saw said they can make 100k a year working 100 hours a week so that's 40k at a 40hr week. That's poverty for a family in those major cities working full time. Some guys claim they haven't gotten a raise in 10 years. If this is true they definitely deserve a raise.

    • @eegernades
      @eegernades 9 часов назад

      They deserve a salary increase. But not in the 80 in hr they demand. 30 - 35 per hour as starting sounds more reasonable than 20 for that work.

    • @Tonyravioli69
      @Tonyravioli69 9 часов назад

      @@eegernades fair.

    • @ReapZer027
      @ReapZer027 5 часов назад

      @@Mike-fo2uheh

  • @someitguy2175
    @someitguy2175 10 часов назад

    The government forcing people into labor is not something I can support, no matter how much I hate unions.

  • @kobragangbit
    @kobragangbit 3 часа назад

    So instead of taking a L they rather take down everyone's else?

  • @spotless624
    @spotless624 8 часов назад

    I fix automation !!!! I'm good !!!

    • @adamm2716
      @adamm2716 7 часов назад

      would you be willing to help me with my project, automating my zero turn mower? i been researching it for a couple weeks and i'm stuck at which parts to buy i could really use some guidance

  • @appleztooranges
    @appleztooranges 10 часов назад +1

    Market crash please 🙏

  • @j1nftw1n
    @j1nftw1n 2 часа назад

    All these strikes is the exact reason they will be replaced by robots as soon as they are capable.

  • @ReeInvesting
    @ReeInvesting 7 часов назад

    good content

  • @Axel-tn5ds
    @Axel-tn5ds 5 часов назад

    just pay them the money they want and then replace them by robots as soon as possible

  • @jacobsmith4284
    @jacobsmith4284 10 часов назад +1

    The $hit is bananas b a n a n a s!

  • @blackgrandpa7652
    @blackgrandpa7652 8 часов назад

    This strike will provide a buying opportunity for stocks when they drop 😂

  • @Ctgiii23
    @Ctgiii23 6 часов назад

    They also want a 0 automation guarantee

  • @delacruztaylor
    @delacruztaylor 7 часов назад

    Signs all over the port................."Now hiring robots"

  • @dangnyra
    @dangnyra 9 часов назад

    Your video convinced me to invest in AWS66T, expecting 10x gains. Excited for listings!

  • @alexgg7499
    @alexgg7499 5 часов назад

    Stop the panicking now many gonna empty the shelfs

  • @nurseallie
    @nurseallie 7 часов назад

    I’m lucky to get a 2% raise never mind 10% , sounds like they’re working themselves out of a job 🙄

  • @mikeg1032
    @mikeg1032 5 часов назад

    They want $30 MORE PER HOUR???

  • @texas4325
    @texas4325 Час назад

    Wtf they are overpaid!

  • @FlyWithVeiga
    @FlyWithVeiga 8 часов назад +2

    Damn I didn’t know they wanted a $5 raise every year lol… that’s a lot!

  • @macheceau6275
    @macheceau6275 7 часов назад

    Teachers in my country did the same last year , and they received everything they asked for .... on paper

  • @kwebber9248
    @kwebber9248 8 часов назад

    The Country is almost over, we are circling the toilet bowl....

  • @baneta1
    @baneta1 3 часа назад +1

    Dont blame the workers, blame the same old corporate greed that is destroying the middle class

  • @ap1873
    @ap1873 7 часов назад

    greedy! look for much they get pd! way more than alot of us! i didnt get a 5 $ raise this yr! alot of yall didn either! BS

  • @ky6632
    @ky6632 9 часов назад +2

    The sad part is everyone blaming the workers. What they're asking for is not a lot and could easily be solved.

  • @1timothydillon
    @1timothydillon 8 часов назад +1

    Union: We don't want to be replaced with automation, so we're not going to show up for work.
    Bosses: You know who won't go on strike? The robots we replace you with.

  • @MakiaSakia
    @MakiaSakia 10 часов назад

    If the strike lasts long, we can expect Black Friday sales in dollars to increase compared to last year. Not because more goods are being sold, but because everything is so expensive.

  • @tmdrake
    @tmdrake 10 часов назад +4

    And why unions suck.

    • @sprinkle61
      @sprinkle61 10 часов назад

      Unions are fine, its just this one getting WAY more than anyone else in this economy can get, because they have the country by the balls.

    • @jdilla4life3871
      @jdilla4life3871 2 часа назад

      Mine don’t

  • @StratusP
    @StratusP 5 часов назад

    I miss Trumps decision making

  • @mikeritter2979
    @mikeritter2979 8 часов назад

    Didn’t unions shut Venezuela down ?

    • @brianpeterson7028
      @brianpeterson7028 8 часов назад

      US sanctions shut Venezuela down

    • @zolozek3327
      @zolozek3327 8 часов назад

      All I know it's that maduro was a union member

  • @manny5848
    @manny5848 8 часов назад +1

    If the close the docks and the first thing you do is run for toilet paper 😂

  • @Angular777
    @Angular777 2 часа назад

    Time for a bidet!😂

  • @professork5634
    @professork5634 9 часов назад

    Veeeeeccchhhaaaaaiiiiiinnnnnnn

  • @Yellamiamiauto
    @Yellamiamiauto 10 часов назад

    Managers will benefit only they will hire new employees and train them

  • @TrappedQue
    @TrappedQue 9 часов назад +1

    I would say fire them all & train the legal immigrants to do their job.

  • @fearthehoneybadger
    @fearthehoneybadger 10 часов назад +2

    From the importers: this time of year is when we stock the warehouses for Christmas. The longshore Grinches are trying to cripple Santa Claus.

  • @artt9252
    @artt9252 8 часов назад

    I hope they can move quickly with AI and replace these people...

  • @CHrbn
    @CHrbn 10 часов назад

    Honestly I hope this makes things very bad up until the election. Might wake a few ppl up and get them to go vote

  • @theoceaninvegas1858
    @theoceaninvegas1858 10 часов назад

    Almost first.

  • @SuperPacoloco13
    @SuperPacoloco13 8 часов назад

    Well a robot 🤖 will work for free , Robots = cheaper goods and a Universal Basic Income for the people.

    • @thetapheonix
      @thetapheonix 7 часов назад

      UBI will just create more inflation. More money circulating around won’t fix anything.

  • @RaatRani-uw5ww
    @RaatRani-uw5ww 10 часов назад

    Prsie 📉

  • @123v-gt8tm
    @123v-gt8tm 6 часов назад

    Those idiots wanna stop automation!!!!😂😂😂😂

  • @michaelboyce3871
    @michaelboyce3871 Час назад

    Trump 24