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Will The UAW Strike Accelerate The Auto Industry Death Spiral?
The UAW strike that began September 14th by 146,000 UAW union members seeking a 46 percent pay raise, and a 32-hour week with 40 hours of pay, and restoration of traditional pensions, will most likely have one of two outcomes, both of which may perpetuate the death spiral for the automobile industry. Increased cost of American manufacturing which will further increase the cost of EV’s that are already unaffordable to most, and/or, Increasing the cost of U.S. manufacturing, may result in more offshore manufacturing needed which may decimate U.S. stateside manufacturing. The UAW members are not fazed by death spiral ... (full story)
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- Posted: Sep 18, 2023 11:27am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 86
