'Shark Tank' star says there's 'zero evidence' that automation at ports 'hurts wages at all'

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'Shark Tank' star says there's 'zero evidence' that automation at ports 'hurts wages at all'
EconomyKevin O'learyLabor Strikes
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“The trouble with East Coast ports is they’re very old, they’re very inefficient,” O’Leary said.

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“And when you start to compare them against other international ports like Singapore and the other Asian ports,” he continued, “we’re just not holding much up against them. And that’s very bad for productivity.

He noted that major ports around the world like Shanghai, Rotterdam in the Netherlands and Singapore have embraced automated cranes and vehicles in ports, adding, “we’re already three decades behind.”The International Longshoremen’s Association it is “steadfastly against any form of automation – full or semi – that replaces jobs or historical work functions. Containers at Port of Newark in Newark, NJ, above.

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