In the wake of its historic strike victory, the United Auto Workers says thousands of nonunion autoworkers have reached out asking for support in organizing their plants. The UAW already has plans in motion to unionize the whole US auto sector.
Henry Ford was great at this early on but these days I’m not sure automotive employees can support themselves with self funded purchases. It’s going to more buyers than just the employees.
I’m concerned the auto industry have already taken the money at the trough with the crazy mark ups and tight supply of the past couple of years and now are going to say sorry our pockets are empty now…
The old story of capitalism for private profits and then socialism for the cycle of losses. It feels like the next loss cycle is ahead for the automotive industry and workers despite having good increases with their recent contracts are going to be bearing the brunt of the slowdowns again.
I really hope I’m wrong on this as it’s not a great outcome and it hasn’t been in the past either. I’m not sure the public is going to stomach another round of taxpayer buyouts again.
Putting higher share of profits into workers’ bank accounts strengthens aggregate demand. In other words more money for truck loans.
Henry Ford was great at this early on but these days I’m not sure automotive employees can support themselves with self funded purchases. It’s going to more buyers than just the employees.
I’m concerned the auto industry have already taken the money at the trough with the crazy mark ups and tight supply of the past couple of years and now are going to say sorry our pockets are empty now…
The old story of capitalism for private profits and then socialism for the cycle of losses. It feels like the next loss cycle is ahead for the automotive industry and workers despite having good increases with their recent contracts are going to be bearing the brunt of the slowdowns again.
I really hope I’m wrong on this as it’s not a great outcome and it hasn’t been in the past either. I’m not sure the public is going to stomach another round of taxpayer buyouts again.