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Transition requires sacrifice. The big three auto makers know this and can’t stomach the risks being asked for by the UAW. The “record breaking profits” have grinded to a stop. Look at the dealership lots. Completely full of vehicles. The majority of people are not buying cars.
The demands are short sided. If profits decline, will they go back to lower wages? Maybe they should ask for a retro active bonus. Wage increases are forever, partly why companies are laying off employees when they had no choice but to bump salaries. Now its time to get lean again.
David, agreed especially with rise of EVs. It’s a weird time in the industry but not according to the UAW.
If profits decline, will the CEO’s take a pay cut? I doubt it. Cars are sitting on lots because they are priced out of reach for the average person. When a CEO makes $55 a second, 24 hours a day seven days a week, that is immoral. Especially when the workers producing the product make as little as $16 an hour. The middle class has been declining for my entire life. Newsflash, when the middle class is gone, there won’t be enough wealthy elitists to buy cars to keep these companies in business. Caring for your employees is a win-win for everyone involved, including the CEO. Money is not the root of all evil. The LOVE of money is the root of all evil (see 1 Timothy 6:10).
If the union demands are met, it would cost the auto companies
$ 165.00 an hour per employee. That’s not sustainable by any stretch of the
imagination. The non UAW manufacturers will kill them.
The auto companies are already losing tens of thousands of dollars per EV
vehicle produced. The profits on their trucks and SUV’s are going towards
the EV’s.
Second, does anyone really think the increased costs of producing vehicles
won’t be passed on to the consumers???
Lending
rates to make purchases are already approaching 2007 – 2008 levels
along with the high cost per vehicle being manufactured. How is that going to
work out???
Think consumers will be able to afford those vehicles??
Mr Fain continues to think the rank and file should receive the same percentage increase as the CEO. This comparison ought to be against the average increases of the non-union workers. I’m guessing that isn’t anywhere near what the offer was he rejected.
Union or non union, the middle class is disappearing. Corporate greed is a huge problem, and it’s not getting better. The rich get richer, and the poor get poorer. No CEO should make $55 a second, 24/7, when the workers producing the product make as little as $16 an hour and don’t even receive profit sharing. That is immoral.
The CEO could readily sustain a pay cut. And should that occur, would the union rep moderate the wage increase demand threshold?
I agree. They say the companies can’t afford the pay increases. Prove it, and cut the CEO pay to the equivalent percentage that they are offering the workers.
Keith S.
The big three are losing their shirts on the EV’s. Losing tens of thousands of
dollars per EV vehicle produced. Even all the government subsidies vpcan not
make up for this short fall.
You keep saying $ 16.00 an hour. The UAW workerss make much more than that
when you add in theirhealth insurance, the outstanding 401 K contributions by the
company, and so many other paid benefits by the company.
Thank the UAW for that $ 16.00 hour wage. The union advocated and pushed the
two tier wage system. NOT the Auto companies.
The automakers should reduce the amount of raise their proposing by 2% for every week it goes on without a ratified contract. Once the uaw sees they are going backwards in what has been proposed maybe they’ll settle.
Rhea P.
+ 1
The union demands are absolutely rediculious.