Why the Autoworkers strike is so important.

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Abstract

s profit of $21.3 billion. A year to year record increase of 24%. The CEOs of the companies salary/compensation average is$ 29 million a year. A 321 to 1 difference in CEO to average worker wages. Mary Barra GMs CEO claims that SHE is the reason GM is so profitable. So much so, her pay is $13,942, PER HOUR. Earning herself a 40% raise. While the companies' dividend payments to shareholders was an average of$ 3.9 billion.As of now, the UAW workers' wages and rates are still stuck at 2007 rates. In the last four years, the price of vehicles has gone up 30%. The CEOs got a 40% raise. The autoworkers wages went up 6% in the same amount of time.Simply put, if the Big Three get their way and do not make the autoworkers whole, at least to cover the cost of living percentage, to be above 2007 liv

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ing standards, the working class as a whole will be set back generations trying to earn a decent living wage.Big money will have no restraints on its greed. If the government intercedes, or the UAW capitulates and the Big Three prevail, labor and the working class will slip farther behind the opportunity of attaining the American dream. Big business will have an unbridled, open path to indentured servitude, upending the 13th Amendment.Healthcare would be exclusively for upper-class citizens. For the lack of insurance. All the while, the upper echelons of society will enrich themselves to the level of modern-day Robber Barons.<figure id="ab36"><img src="https://cdn-images-1.readmedium.com/v2/resize:fit:800/1*KAhTHfZ3kh-1TOo8HkosqA.png"><figcaption></figcaption></figure></article></body>

Why the Autoworkers strike is so important.

In 2008, the UAW made major concessions to keep the Big Three in business. Those included layoffs, cutting health care, slashing wages, a two tiered wage scale, and adjusting pensions, just to name a few. All totaling $11 billion worth of savings.

The Big Three also took a huge government bailout, totaling another $80 billion. (Ford did not take the bailout, but GM and Chrysler did.) All but $9 billion of the bailout money was paid back to the government. (Where did that money go?)

The UAW has yet to recover from the concessions they gave to the Big Three automakers. Yet their profits are at all-time highs since the Covid 19 pandemic.

From 2021–2023 the auto companies have averaged a gross profit of $21.3 billion. A year to year record increase of 24%. The CEOs of the companies salary/compensation average is $29 million a year. A 321 to 1 difference in CEO to average worker wages. Mary Barra GMs CEO claims that SHE is the reason GM is so profitable. So much so, her pay is $13,942, PER HOUR. Earning herself a 40% raise. While the companies' dividend payments to shareholders was an average of $3.9 billion.

As of now, the UAW workers' wages and rates are still stuck at 2007 rates. In the last four years, the price of vehicles has gone up 30%. The CEOs got a 40% raise. The autoworkers wages went up 6% in the same amount of time.

Simply put, if the Big Three get their way and do not make the autoworkers whole, at least to cover the cost of living percentage, to be above 2007 living standards, the working class as a whole will be set back generations trying to earn a decent living wage.

Big money will have no restraints on its greed. If the government intercedes, or the UAW capitulates and the Big Three prevail, labor and the working class will slip farther behind the opportunity of attaining the American dream. Big business will have an unbridled, open path to indentured servitude, upending the 13th Amendment.

Healthcare would be exclusively for upper-class citizens. For the lack of insurance. All the while, the upper echelons of society will enrich themselves to the level of modern-day Robber Barons.