Looks like a strike for Auto workers is likely in Fall.
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Anonymous
Oh please, they're trying to extort more than a COLA. Be honest. They want 46% pay increases. They want to get rid of 401ks and have guaranteed pensions. They want healthcare for retirees. They want additional 'inflation' compensation. It will make any company bankrupt. Bring on the EVs please. |
Anonymous
The CEO of GM earns 360 times what her laborers earn. That’s immoral and obscene. White collar exploitation of the working class cannot continue like this. Go UAW! |
Anonymous
I'm so glad YOU get to decide what a CEO should earn based on what you feel like today. It's not like CEO compensations are made in a vacuum. They're approved by the board and shareholders. If shareholders ultimately approved it, then fine. It's not up to anyone else to say what is or isn't too much. Are you our moral overlord who gets to determine what is or isn't fair compensation? I personally feel you probably make too much at your job too. Let's cut your pay. |
Anonymous
Well then I’m sure the board and shareholders will have fun enduring the UAW strike. Go UAW! |
Anonymous
Shareholders will clamor for EVs so they can purge 40% UAW labor they will no longer needed. You go UAW! Compensate yourselves out of jobs! |
Anonymous
You are correct. Shareholders definitely desire exploitation of the working class. Go UAW! |
Anonymous
Love it or hate it but that is literally capitalism. |
Anonymous
And we’re happy that at least unions fight against the wealth gap! |
Anonymous
Seems a bit greedy.
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Anonymous
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Yeah they're working 12-hour shifts but so are a lot of people in this country and from what I understand that's what they were hired to do.... It's not like they're not getting paid to work those shifts.
Doctors work 24-hour shifts but that is what they signed up for. I don't understand how you can complain about a job asking you to work the hours that you were hired to work and that you are being compensated to do so. They are already making over $30 an hour and I can't imagine a bachelor's degree is required for this type of work which is great but how much more do they honestly want?..... Oh yeah a 50% increase |
Anonymous
It is NOT capitalism. It is only one form of capitalism, and it's a short walk to Oligarchy. There are millions of variations on capitalism that benefit more than a handful of people at the top. |
Anonymous
They are the main force that drives production and sales, and they want a fair piece of what THEY earn for the company. You make them sound greedy, and yet you don't have an issue with a small group of people who don't work at all raking in millions from the employees' 12-hour days. |
Anonymous
So if you cut the CEO pay in 1/2, you save perhaps 15 million of her current 29 million salary. Ok. Then you perhaps cut the salary of the top 10 executives in GM and you save perhaps another 10 million. So you save the company 25 million dollars a year. According to Bloomberg, the proposals asked by the UAW equal about 80 Billion dollars a year more for the auto makers which will be about a 25 Billion dollar increase for GM’s portion. So when you guys write crap like, “the crap makes so much and everyone should too”, it does not mean squat. You could double the CEO pay or cut it to Zero. It does not matter for the health of the company and its survival. But increasing the salary costs by 25 Billion is insane!!!! The company will go bankrupt and everyone will be out of a job. So save 25 million in CEO and executive salaries, but increase cost of labor by 25 Billioon and go bankrupt. Hmmmm |
Anonymous
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Bloomberg analysis on UAW request.
https://www.bloomberg.com/news/articles/2023-08-08/uaw-contract-demands-would-add-80-billion-to-us-automaker-costs |
Anonymous
Ok it’s 80 Billion to Each of the 3 companies over a 4 year period. So basically 20 Billion a year more in employee cost to each car company. That’s devastating. |