Wall Street Journal Article - regarding UAW Strike.

[HammaMan]

Once you print (fed gov) 6 trillion paper dollars.. this tends to dilute the dollars in circulation and inflate values of assets and services. The UAW is probably right about the 40% raise. Problem is.. the price of trucks are going up $600 a month in price since i got my '22.

It's kind of like the story of the gold town where everyone struck it rich and ounces of it were tossed around like paper currency because everyone had it and it had little value 150 years ago in the middle of nowhere. (good lesson for times to come where the value of something is directly proportional to its utility for survival)

The stuff people bought with the covid money was sad and hilarious at the same time. Broke as a joke, suddenly influx of cash, $5k LV purses in hot demand. Proof you can't fund your way out of poverty. The more cash, the more expensive shit they waste it on..... and then there's the end result, everything cost more $$$.

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[Hullguy]

$250 billion dollar profit over 19 years with a $66 Billion stock buyback? https://www.barrons.com/news/profits-at-big-three-us-automakers-bad37dae

 

[Graygoose2021]

Let’s have all Americans make less then!

we technically are, due to inflation. You can see, rising cost and APR has halted the housing and new car market. Food cost more, gas cost more. When things cost more, due to making that item, people will slow the buy. They have to eat...but they don't have to purchase a new car.
This is exactly why automakers like Hyundai and Kia are alive. For Americans that want a new car, without the higher cost that cost to build them

 

[Hullguy]

we technically are, due to inflation. You can see, rising cost and APR has halted the housing and new car market. Food cost more, gas cost more. When things cost more, due to making that item, people will slow the buy. They have to eat...but they don't have to purchase a new car.
This is exactly why automakers like Hyundai and Kia are alive. For Americans that want a new car, without the higher cost that cost to build them

This why it’s called a race to the bottom. Studies show that Union workers are more productive, with better wages and benefits. And the wages of the two companies you have cited pay just enough to keep the union out. If the UAW gets a raise, so do the unorganized.
Henry Ford gave his workers a raise so they could afford to buy his cars. Wouldn’t it be best if the Big Three did the same? Or should the car manufacturers become like Walmart and have their employees get their Thanksgiving turkeys from food banks cause they pay so little?

 

[HammaMan]

With tesla working on casting most of the car in one shot with the model 2 and a price target of $25k (with at least a 3500$ rebate on top of that), that's really going to shake things up. By the time it launches, chargers will be even more prevalent. Between the low price, substantially cheaper to fill up as well as LMFP batteries, we're talking a car with virtually no maintenance requirements and an easy 15-20yr life span. This thing will cost them ~$15k to build at most and there likely might be a few dozen machine overseers on the line? We're on a voyage to a new world and not everyone will survive the journey. Within 6 years I'd be surprised if half of the big players aren't extinct if not bordering it. The writing is on the wall -- unionized human labor is a liability the future won't allow to exist.

Tesla is approaching their robots just as they're doing with vehicles. The price target is sub $30k and it'll work 24hr shifts. Bad times ahead for low-skilled labor. IBM already axed nearly 10k call center workers replaced by a couple of computers.

 

[notabot]

If Ford is truly losing $30k per EV... whle Musk is making typically 30% on each EV.. i really doubt GM and Ford will make it.

The internal combustion engine is what protected GM and Ford from other competitors. Take that away and they will be eaten alive. That is their key expertise. It is being nullified via the regulatory fiat.

What are the chances this is by design by our Globalists/WEF/Uniparty?

 

[Antimatter22]

I worked at a manufacturing plant for 8+ years that ended up sending 90+% of the production line down to Mexico. Sadly the quality did end up going up after that happened.

For my current job I get to fix myself or write up quality issues from union electricians and plumbers. Not all of them are bad at what they do, but some of them are. I don't have a background in plumbing but there's no reason I can do something a union plumber can't do.

I think what the union is asking for is too much but I've never done the job. Seems like they saw the UPS strike happen and wanted to jump on that figure. Everyone is at a pace of making a bunch more money these days and inflation will keep going up with it so it probably won't make a difference in the end.

 

[Polo08816]

I wish the Fed would just come in and say, "Alright, we'll raise the interest rate by 500 basis points. You'll have significant deflation so you don't need a raise anymore." Caveat being, only 25% of you will have jobs pretty soon.

 

[Graygoose2021]

This why it’s called a race to the bottom. Studies show that Union workers are more productive, with better wages and benefits. And the wages of the two companies you have cited pay just enough to keep the union out. If the UAW gets a raise, so do the unorganized.
Henry Ford gave his workers a raise so they could afford to buy his cars. Wouldn’t it be best if the Big Three did the same? Or should the car manufacturers become like Walmart and have their employees get their Thanksgiving turkeys from food banks cause they pay so little?

Not sure I follow Union workers are more productive, if so, what happened to YRC. Almost 99 years in business, and now gone. IMHO Union killed them. Why Fed Ex is non Union drivers, incentivized to be productive, yet not have Union wages, etc
Henry Ford could back then, a lot has changed since then unfortunately

I agree employees should get a "fair" wage...40% over 4 years, imagine F150 cost in 4-5 years!

But that along with working 32 hours getting paid for 40...isn't productive.

 

[JJSnell]

Not sure I follow Union workers are more productive, if so, what happened to YRC. Almost 99 years in business, and now gone. IMHO Union killed them. Why Fed Ex is non Union drivers, incentivized to be productive, yet not have Union wages, etc
Henry Ford could back then, a lot has changed since then unfortunately

I agree employees should get a "fair" wage...40% over 4 years, imagine F150 cost in 4-5 years!

But that along with working 32 hours getting paid for 40...isn't productive.

Exactly this...
Where is the incentive to do amazing work when Union rep protects you from anything bad?
- If my (union) bro is called in to work on his day off and then they dont need him when he gets there. He gets paid 3hrs of time. So the team leaders, very often, on purpose call their team in to work on Saturdays, just to send them home... Its part of my brothers Saturday morning coffee run...
- Here in Wash state our kids were not meeting 12th grade levels in math and reading. Ther were averaging 10th grade reading and math levels. (WASL Test), so they lowered the requirement to get kids to graduate... My hand to the Bible, they didnt fix why kids arent learning, they literally lowered the bar to 10th grade so they could graduate 12th grade.
- Again my bro works in large, untra tall buildings... and if a light goes out, they have to stop work for OSHA reasons, they then put a call in to have the 'designated light bulb changer outer' come replace the bulb, so my brothers entire team sits there waiting for the bulb to be replaced. Meanwhile the box of bulbs and scissorjack are both visible and accessible to use in 30 seconds. Its a joke.....

 

[Hullguy]

Not sure I follow Union workers are more productive, if so, what happened to YRC. Almost 99 years in business, and now gone. IMHO Union killed them. Why Fed Ex is non Union drivers, incentivized to be productive, yet not have Union wages, etc
Henry Ford could back then, a lot has changed since then unfortunately

I agree employees should get a "fair" wage...40% over 4 years, imagine F150 cost in 4-5 years!

But that along with working 32 hours getting paid for 40...isn't productive.

These are all demands that are ironed out I the collective bargaining process. There really hasn’t been any mention of the Big Threes demands beyond offering a 21% raise.

 

[Graygoose2021]

Exactly this...
Where is the incentive to do amazing work when Union rep protects you from anything bad?
- If my (union) bro is called in to work on his day off and then they dont need him when he gets there. He gets paid 3hrs of time. So the team leaders, very often, on purpose call their team in to work on Saturdays, just to send them home... Its part of my brothers Saturday morning coffee run...
- Here in Wash state our kids were not meeting 12th grade levels in math and reading. Ther were averaging 10th grade reading and math levels. (WASL Test), so they lowered the requirement to get kids to graduate... My hand to the Bible, they didnt fix why kids arent learning, they literally lowered the bar to 10th grade so they could graduate 12th grade.
- Again my bro works in large, untra tall buildings... and if a light goes out, they have to stop work for OSHA reasons, they then put a call in to have the 'designated light bulb changer outer' come replace the bulb, so my brothers entire team sits there waiting for the bulb to be replaced. Meanwhile the box of bulbs and scissorjack are both visible and accessible to use in 30 seconds. Its a joke.....

same, we were setting up our booth in Las Vegas convention center, I moved a plant and a union boss came over and said you cant move a plant...I had to call the "detailer"...I was like WHAT! Sure, charge us $150 to move a plant....no thanks

 

[Graygoose2021]

These are all demands that are ironed out I the collective bargaining process. There really hasn’t been any mention of the Big Threes demands beyond offering a 21% raise.

Demand is a strong word and then walk out. Organized crime comes to my head, do this, or we walk and don't build your product.
I say more robots, buy a new F150 for $45K-$50k.

I don't want Americans out of work.....but I do expect "reasonable" accommodations or expectations.
Reminds me of the port of LA strike many years ago...their salaries are though the roof and work less than 40 hours a week. We have to be sensible. Flipping hamburgers cant pay $25hr...or then hamburgers cost ya $18.00....want fries with that?

 

[Cubfan1]

From WSJ:
In many ways, this strike is made in Washington because of the Biden Administration’s policy mandating a rapid transition to electric vehicles. The UAW knows that EVs require fewer workers to make and will jeopardize union jobs making gas-powered cars. But the companies already lose money on EVs and worry about making too many concessions to the UAW that will cause them to lose even more as they are forced to build more EVs.

It’s hard to overstate the costs of this coerced EV transition. The Biden Administration, with California as its co-enforcer, is mandating that EVs make up an increasing share of auto-maker sales—two-thirds by 2032. California and other progressive states plan to ban all new gas-powered cars by 2035.

 

[fordtruckman2003]

California and other progressive states plan to ban all new gas-powered cars by 2035.

I'll keep cruising on my gas powered bikes and gas powered truck well away from those states. I do suspect by 2035 I might be in the 3rd/4th generation Powerboost hybrid though. This 2021 truck I only plan to keep 10-12 years.

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