Clinical Associate Professor of Economics Mark Weinstock, MA, appeared on WPIX-TV (Channel 11), to weigh in on the possible economic impact of the port workers strike affecting 36 US ports from Maine to Texas.
“If the strike lasts less than two weeks, I don’t think the impact on the economy is going to be too significant,” he said.
According to Weinstock, the goods will still ship through the western ports and reach the New York City area by rail or truck with a slight increase in prices.
“I would be surprised if it were higher than 5-10%,” Weinstock said.