I am a retired automation engineer working in GM plants in the 1970s and saw exactly what was going on. I could have replace half the assembly employees with a machine for their cost of one years pay. It would run for 10-20 years and cost 80% less over time. The union is attempting to hold the USA hostage, If American public will not pay their extravagant wages then they will blackmail them with trying to shutdown the economy for the whole country. Can Americans pay twice as much for a car than it's worth to keep unneeded people doing unneeded jobs, just so they can keep up their voting member numbers. Remember the American Farmers and UBW (United Buggy Workers), would you still send them money? The UAW is a cult. Get new jobs that you can perform adequately.
This is straight cap. - "I could have replace half the assembly employees with a machine for their cost of one years pay. It would run for 10-20 years and cost 80% less over time. ".
I Don't Know Where YOU Live, But Cars Today Can Get OVER 200 K Miles Of Use When Maintained Properly. As Compared To Only About 100 K Miles 50-Years Ago. In Fact My Newest Car Is 15-Years Old And Runs Like New, And The Others Are Over 20-Years Old, And Will Last Me EASILY Another 10-Years. You Must Really Neglect And Abuse You Vehicles Freddy Boy...
No one will make money making cars in 21st Century. Not compared to: Mistaken, to think Tesla’s future lies in cars. Look at their lead in new disruptive technologies that will be the 21st century future. 1. Energy collection and storage 2. AutoBidder, wide scale virtually powerplants 3. Robotics 4. AI for self driving and insurance 5. Power distribution They only want to sell cars to ensure they can lead in these other markets. Incumbent Auto is clueless about the future.
Yea Most of these barely squeak out 100k. not everyone buys a truck with rims so they can look like they work for a living. Ive yet to meet a toyota owner convert to big 3. In the last year we switched wife from ford to subaru, I went from ford to ram. I am considering ram but i dont want to fund these loads so my next will be toyota.
We've seen this kind of phenomenon happening too many times, such as the telephone operator being replaced by automatic switches, or typewriter being replaced by computers. Even the once envied secretaries have almost gone extinct. We just can't stop the clock.
I don't understand your comparison. EVs are still cars, they are built by people and machines just with less parts. Really EVs are not a problem, just a challenge to solve. Tesla already has the solution so GM, Ford, Jeep/Chrysler just need to copy them. I say "just" as if its so easy to do right? Right now, the immediate challenge is supporting their workforce.
@@davidwebster2616there lies the problem for unions. Tesla does not have any unions. Nor does the Chinese EV makers who are majority of the non Tesla EV makers. And the Big 3, they struggled to innovate since the 70s
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I worked a union job when I was young, for the first and last time. Bunch of idiots who think they're important. #1 is the company must make a profit and survive. Everything else is secondary including workers. If you can't except that, go someplace else. The last ten years of my working life, I had pay cuts because of company survival issues....multiple times. I stayed and stuck it out eventually, they layed me off at 70. I retired!
Fact of the matter,, UNION leaders concern,,, why CEO receives ten of millions e.g. Barra of GM, getting 20 milli0n compensation ,, what a joke? The system memes to understand? Wow or duh lol,, lol🤣
@@asleytamkei7507GM CEO's receive 'tens a million' cuz of presidents like obama who gave them bailout money. Tax payers lost over 10billion on GM stock alone, this reported 10yrs ago.
I'm 88 and as a young man I worked and belonged to 3 unions. My union experience was identical to yours. But one soup company treated its workers terrible! They were not unionized but should have been unionized. I estimate 85% of their workers were very poor women
Historically, the public were similarly reluctant to use driverless 'elevator cars' when first introduced. Today we think nothing of getting into a windowless sealed metal robot box.
For me the paradigm shift was last month after a 14 hr round trip over two days in my Tesla Y, so many years of driving and it really just struck me as I felt as if I had a great very capable copilot, when I was tired it was driving so well, just mind-blowing realizing I actually had more control options as in a truly new driving experience. Yes I did briefly stop to charge & eat something, but Arrived to destination relaxed and not tired. I could not believe it, never had that feeling before, usually you have to stretch neck etc - none of that!
These people expect to tighten bolts for $40 an hour for the next 40 years... it is not realistic. They need to increase their skill set and employers should help subsidize their education to keep them as useful employees. There is nothing stopping these companies from outsourcing, if enough UAW picket and stop working they sure will.
GM has been subsidizing their education for many decades. It's not their skillset that failing, it's their bodies. With their income slowly falling by not keeping up with inflation. In response, they have to work more and harder. If they outsource, they'll get major backlash, and lose way more than simply spending more on wages. They could do like they've done before, and move to an area that pays less (and no UAW), but then they'll lose the bump that the IRA gives them. The companies need to pay a lot of money and refurbish their plants, and actually pay their employees more... or move and lose anyway.
woth inflation being at its all time high why are corporations responsible for adjusting the wages to offset inflation? Maybe the voting choices by these states have played a large roll in the inflation soaring
@@jasonmitchell8883 The Federal Reserve raises inflation by triggers designed into the economy of balance. It was expected to go up when workers get more wages but currently has gone up strictly because of the greed of the companies. Basically, the company has taken the worker's wages for themselves. THEY are the reason for the inflation.
@@jasonmitchell8883: inflation is a global phenomenon; how would a person be able to vote to affect something which is happening globally? Also, yes, companies adjust wages to account for inflation all the time. Did you not get a raise last year?
Union or not, most of the workers will need to shift their skillsets to needs within the EV world. For example, there is a growing shortage of electricians for installing charging infrastructure and building needed components in that area as well. Perhaps the unions and auto manufacturers can provide education assistance for workers to make this transition? Other areas like EV/battery pack repair and recycling will also be huge.
Yeah, but that’s hard to do. It’s like telling coal workers to learn to code. It’s very hard to tell that to the people who’ve been mechanics for 15, 20 or even 30 years. It’s easier to pivot if you’re young or barely starting your career.
Union workers are resistant to change, they just wanna keep doing what they are currently doing even when they environment is no longer suitable for such jobs
On the same note as Stephen94 said: I've been a system administrator for 16 years. In January I started learning to code in Python, which is one of the easiest programming languages. Gave up after 2 months. It just doesn't stick to me even though I have some previous experience in writing scripts and basic web coding. The type of mental routine is too different. And age matters a lot in the learning process.
No matter what job or career you go into, always have one foot out the door. History shows you are never irreplaceable so make sure your income isn’t, either. Have a side gig that you could spin up into a job, make investments into a business or whatever it takes but never be totally reliant on any employer or industry for your life.
The thing with German unions being on the board is that these unions care about the long term health of the company Vs an American union worker only caring about making it to the next smoke break,
On the other hand, its because german unions are allowed on the boards that allow them to be moderate. If you feel like you can't have a voice, it benefits you to extract as much as you can when you have leverage. Also, the unions being on the board make it much easier for workers to root out corrupt union leaders because they no longer fear union collapse from rooting out the rot.
Meanwhile in Singapore our unions are more low-key (in fact I've never heard of some of them before) & many careers that'd be unionized are done by foreigners, who're legally banned from unions (maybe as that would constitute foreign political interference) & come from neighbouring lower-income countries with lower cost of living, so they may have lower salary expectations. Meanwhile locals thus have strong incentive to further their education more (~98% will go on to study for at least a diploma or vocational certificate today) so they can qualify for higher-level careers that're less likely to be unionized
The world is moving to EV...with or without the US participation. If we don't figure this thing out quickly. It's going to be hard to compete with Chinese and other foreign EV who already has better battery tech
Bro… how many charging stations outside of the cities are there…? Also how many Africans need to die for you to drive from your house to your dog groomer..? They cause too much damage to the earth both before and after their lifespan… EVs will get scrapped in due time.
@@EcceHomo1088 I agree we will return to a walking species even bicycles will be banned due to the emissions to extract the metals before we even consider refining, casting, welding, painting & delivery just for the convenience of being able to travel faster than walking!
@@EcceHomo1088 If America rejects EV's America will be scrapped, not the EV's. This is a once in a blue moon opportunity to turn oil deficits into EV profits. If we sit on our hands the Chinese will be the new saudi arabia and we will lose our economic strength and potentially our freedoms.
No its not! Battery cars cause much more damage than regular cars!!! This stupidity is spreading like cancer and folks are jumping on board without even understanding the facts and truth of battery cars!!!
Majority of German cars are made in the United States, Mexico, South Africa, and China. The German vehicles made in Germany, have a huge markups such as the Mercedes SL and the S class and the Austrian G wagon.
Is not the worker. It's the leaders that are dragging their feet because their products are making money. If a company goes out of business is the mgmnt's fault not the individual workers
@@jonathanf.9395 It's always the workers responsibility to learn skills that are valuable enough to be paid what they want to be paid. These UAW workers want to do unskilled assembly work that foreign workers will do for a few dollars an hour, but they want to be paid $70/hr to do it. It's just completely unrealistic to expect the automakers to pay that much money for work that they could get done in Mexico for a 10th the price.
Even with rapid EV growth, roughly 94% of new vehicles sold in the U.S. in 2022 had a gas tank in the back and a combustion engine up front. This is the EV Decade, but the market is a long way from becoming an EV market.
@@jakedank2746 The lie is that only 6% of the new vehicles MADE in 2022 were EVs, and 100% of them were sold. So far in 2023, it's 8%, and every year that grows as more battery production comes online to support producing more EVs. We're now at an inflection point, where growth starts to go vertical. Almost all automakers have new battery factories that will be coming online by 2025 that will triple their battery capacity, increasing EV production to almost 25% of total auto production. And there's plans to increase production capacity even further beyond that. Every tech disruption in history has displaced the preceding technology within a decade, once it emerges onto the market. EVs emerged onto the market in 2018 when Tesla began mass production of the Model 3. By 2028, they will have displaced ICEv as the dominant automotive power system. By 2030, disruption analysis projects 80% of the auto market will be EVs, assuming any automakers are even still able to find buyers for ICEv.
@@stanleycius3295a lead for electric cars yes. But not everyone wants an electric car. Unless the infrastructure and battery tech is improved, most won’t make the jump to one.
I think Mary Barra is making way too much money. I agree. But if the uaw gets what they want the vehicle prices are going to be passed on to us the consumer. We the average person can't afford their vehicles.
@@jonathanf.9395 So 95% goes to shareholders and CEOs? Wrong!!! Most of the remaining 95% goes to labor outside the company. ~~~ *Who's Making Cars and Trucks?* 10% Big 3 Assembly, Tier 1 At GM, Ford, and Chrysler, unionized production workers hired before two-tier was imposed in 2007 have had their wages frozen at $28.69 an hour for about a decade. (Skilled trades workers such as pipefitters and electricians make $32.83.) They still have a decent health plan and a defined-benefit pension. Even first-tier workers, though, may be subject to grueling 10- to 12-hour days, seven-day weeks, or rotation between day and night shifts. 4% Big 3 Assembly, Tier 2 Production workers hired at the Big 3 since the 2007 deal are union members too, but permanently stuck on a lower tier. They make $15.78-$19.28 doing the same jobs as Tier 1 workers. They have a lesser health plan and a 401(k). 5% Other Unionized Auto Workers Other unionized auto workers work at heavy truck plants (such as Freightliner), one Mitsubishi plant in Illinois, and a handful of parts suppliers. Workers at the Faurecia plant in Saline, Michigan, for example, supply dash panels to Ford, making $11.50-$15.50. A just-rejected pact would have raised them to $12.50-$17.50. 81% Non-Union Auto Workers The parts sector is overwhelmingly non-union. So are the "transplants" where workers assemble cars for foreign-owned automakers such as Nissan. Mercedes. and Volkswagen. We calculated the average non-union auto wage as $16.60, but its probably lower because the available data for auto work tend to exclude low-paying subcontractors and temp agencies. One outsourced worker we interviewed last year was making $9.30 test-driving vehicles at union plants _Source: UAW National Collective Bargaining Departments, Bureau of Labor Statistics Quarterly Census of Employment and Wages, Center for Automotive Research, Labor Notes reporting and calculations._ ~~~ Also, the price of energy and raw materials depends on their extraction, and there is an entire industry of mining and refining and the labor which goes into making all of that possible. When the UAW demands increasing wages, they are really talking about only themselves. When they talk about keeping jobs, again, they are only thinking about themselves.
Anyone can bolt on lug nuts all day with an impact wrench. Very few people have the skills to run a multinational company with hundreds of thousands of employees. GM can't afford not to pay Mary Barra what she asks for.
Just like me, never buy cars made in US, so I don’t care how overpriced those cars are. Also, made in Japan means much better quality. Even my friend appreciates the Tesla model y he recently got which was build in China for its much better quality than those made in US.😅
But that’s just it, the auto makers are not making cars for the average person anymore. They are making fewer cars that only sell to high net worth individuals. We then get to buy these cars 2nd or 3rd hand.
Strange that autoworkers never knew the environmental effects of car emissions would steer the industry towards EVs. I knew that 20 years ago and I wasn't even in that industry.
I don't think they care. Most people don't care until they are on deaths doorstep and they start screaming for help. We are all about to start to screem. The few that did know only managed to awaken a few others and there maybe a larger amount of people willing to change. The screaming will urge many to change but I feer we are too late but rather late than never. I think the following climate induced wars will thin out the human population on top of man made wars and natural disasters made more frequent by climate change. I see no upside without the above pain.
Because the autoworkers are the ones steering the business? Same old story: socialize the costs and privatize the profits. Executives get huge salaries and benefits because they're "leaders" but then when challenges come suddenly it's not their responsibility. If you blame a production line assembler more than the Chief Executive Officer for the missteps of a corporation then you're just a bootlicker.
@@CausticLemons7The UAW deserves responsibility for producing cars of lower quality compared to the Asian OEMs. An Accord and Carmy built in the US by non union workers, is at a higher quality compared to a Stelantis, GM, or Ford products. These UAW workers always mention what they are "owed" but never mention what they must give to their customers.
@@briangasser973 Proving my point. The executive leaders of these companies are not responsible for anything. Apparently you believe these for-profit, public corporations are run from the bottom up. But tell me, what could a CEO actually be responsible for if not lower quality products, unhappy workers, and being less competitive in the markets?
Imagine workers at factories making typewriters complaining that there's less work for them because people have moved on to using computers. Makes no sense to hold back progress just because a few workers' skills will be obsolete. Makes much more sense to train them to do other stuff. By the way, since they're union, doesn't that mean that they're well covered when they're laid off?
ha ha ha. they will like it working at McDs, fast food, hotel/motel, convenience stores..... for $12/hr and NO BENEFITS.... like the bottom half of americans do already. existing from check to check, 1-3 paychecks from being homeless
The UAW workers had better learn new skills, and they'd better learn those skills quickly. Like it or not, the electric car requires far fewer moving parts, which means waaaaay fewer workers, especially when you consider increased use of robotics and artificial intelligence. Hopefully the big 3 in America will help fund retraining for their many employees, but that remains to be seen. A factory that would once needed a few thousand employees will soon only need a handful to produce the same output. Electric-powered vehicles are here to stay, so please UAW workers, retrain yourself before it is too late.
Well, the well-paid jobs will disappear, as simple as that. Even with retraining there will be no space to reallocate all workers with the same wages. EV are a panacea with our current technology
They also require less maintenance, such as zero oil changes. Those oil change shops will go out of business. Also, gas stations will have to change to charging stations, but only if they can fit in enough parking spaces to make it profitable since it takes a much longer amount of time to recharge.
The workers who are on strike are union and hence are linked to companies which are not making vehicles with the best Available technology. That’s the problem and is the fault of the companies who will suffer along with their workers for making poor choices. Their solution: make even more poor choices by resisting EV pivot for production. It won’t end well for those companies and workers if EV adoption increases. And it won’t end well for the broader US economy if EV Adoption doesn’t increase.
@@zoobrizzcurious as to where you live. I live in Los Angeles, and all my family and friends either already have EVs or want nothing but EVs as their next vehicle. No one in my circle has mentioned ICE cars in a few in years, they’re just not in the picture anymore.
@@zoobrizz id buy and drive one/new/or-used buy my job and life/poverty's is stoping this from being a reality for me so for now i drive/operate 20+year old vehicles and or walk everywhere or don't go anywhere ect i don't have 40+k in 2023 😉
abolish the unions. They are just a gang at this point, and are going to take down the major auto makers if they are not stopped. Why should a gang decide if people can go to work or not? Let the people decide, and the natural supply / demand cycle determine wages. And let tech/manufacturing continue to develop. Unions only have influence because the government gives it to them. lGovernment manipulation using regulation to "fix things" pretty much always achieves the opposite effect. @@anxiousearth680
The heyday of automobile industry is like the modern day silicone valley which pays exorbitant salary and instilled a sense of entitlement that others can only envy.
the real problem is not the wage itaelf, or at least when you compare "real wage" to German. Cheap and accessible education and the important thing, universal healthcare. I can pretty much earn much, much lower in terms of raw money earnings compared to my us counterparts and still a hundred times happier knowing I don't need to sell my kidney to fund my kid's higher education.
@JamesDeWalt909 They said that last year, it didn't happen because supply chains with America were re-instated. You forget that the reason they wanted Russian oil was to lower their dependence on U.S gas and oil so they wouldn't be pulled into Middle Eastern Geo-politics. AND they only relied on oil and gas because of anti-nuclear environmentalists. Note how France is doing just fine in regards to energy because they didn't listen to idiots who don't understand energy consumption. Besides we have shale oil extraction there's not a deficit of oil at all atm and probably won't be because as gas prices rise infrastructure for Nuclear grows and electricity gets cheaper.
this comment is irrelevant since everyone in the UAW already has healthcare. the issue is that they want more pay while only working 4/7 days of the week. The demands dont make much sense and it kind of seems like the UAW wants everyone to lose their jobs
Lastly, if you keep looking at legacy car companies (the ones that sell 99% gas vehicles to this day) and you see that the demand for those car companies vehicles are dropping, stop saying EV demand is dropping unless you say ALL EV demand is dropping. No, Ford, Nissan, GM, Stalantis, Toyota, VM and all the rest demand is dropping. Tesla is STILL 51% YoY on growth. No one wants their garbage from legacy. And legacy loses money on EVERY EV vehicle they sell. With dropping ICE sales, they are looking at going broke. So they can't take something like a giant strike to lower their profits while simultaneously increasing the overhead they have to pay employees by 40% more for them. It's not that the UAW strikers don't deserve it, it's just that it will spell their doom even faster than it was already happening. It's sad really.
I think the conflict will always be there and opposite interests are there. Unions look after workers' livelihoods, but it can destroy these too unintentionally. Australian car industry died partly cos of the unions demands and the local Ford/Holden could not compete in the markets. There are always winners and loser in every technological shift.
It's crazy how these people think they are entitled to what they are asking for. If you aren't happy with your compensation, go somewhere else if you are qualified and possess a marketable skill.
Just think of the problems the auto industry was for horse farms and buggy whip makers. It's not the country's responsibility to maitain obsolete jobs. Lower wages and more flexible work rules is the only option if the US is to save it's auto industry. The UAW will decide.
This is their chance to kick the union out but I doubt they'll be brave enough to do it. What's likely is that the UAW will destroy itself from greed and take the Big 3 down with it.
Tesla for sure. They have the highest-selling models of anyone. BYD is great, but they have so many models that there aren't any standout ones. They make them cheaply with cheap labor costs, but the tariffs significantly reduce US sales due to added costs. Even considering all of that, Tesla in China is still a serious contender.
@@PaulADAigle BYD makes the battery for Tesla a long with the majority of other electronic parts used across other product items (ie: touch screens). Once BYD gets rolling, and in truth they haven't yet, they have everything to build their cars in China. What other car manufacturer can claim that? They will hinder/price out/chain supply out all other competitors. It is inevitable. Tesla did to China what America did for the Japanese after WW2. All this UAW stuff, however seemingly justified, is not an issue for BYD. Just so you know, I'm not an advocate for China, just a sad person who thought America was the best, but has had the curtain pulled back.
Nine Chinese car factories producing in Mexico now. You do not need a calendar for this, but a stopwatch. The new Mini, the new Smart car, the $35k Volvo. All Chinese. Your next ride if you do not support Tesla now.
Profits belong to the shareholders. Workers get paid for work. Shareholders take the risk of losing all their money. Workers get a paycheck, win or lose. Workers can buy all the stock they want.
Oversimplified view, isn't it? Profits get skewed by initial labor costs, so profits can be used as an indicator of when employees can successfully ask for raises. And then beyond those initial labor costs, tons of companies do profit sharing, bonuses, etc. that affect total compensation of employees. This entire UAW bargaining ordeal is just about coming to an agreement over "how much?"
I congratulate you for having a rational argument. However, every company does a make/outsource decision. It is clear the direction this decision is going. Once enough parts are outsourced, American management won't be needed either. The whole car will be foreign. So, I guess the UAW gets the last laugh. @@reiddickson
@@jonathanf.9395 It's illegal not to pay workers. There are no workers for the Big 3 who weren't paid. If companies are buying back stock with their leftover money after paying their workers, it's their money to do with as they wish.
I'm currently in Shanghai. The local EVs here are levels ahead of the western companies. BYD, Avatar, Voyah, LEAP, NIO etc offer much MUCH better value for money. Apart from advanced techniology like multiple screens etc, they are comfortable and feel durable. IDK what will happen to the western car companies even in the near future. They basically priced themselves out of the market by basically selling an already overpriced shell of a car, but the options are the real money greedy grab which should have come as standard in the first place. ( HUDs and ventilated seats, standard screens etc ).
@@JamesDeWalt909 Tesla economies of scale is happening right in front of our eyes. They are dropping prices not due to lack of demand or sales like mainstream wants you to believe, it's because of economies of scale. As Tesla makes it more and more efficient to produce their cars (gigacasting by removing more robots and processes and parts), they are single handedly disrupting the auto industry world wide.
Agreed, for the most part. Tesla is global but is primarily based in the US. They are the ones leading the pack, even over your locals. The rest of these 'western' companies are just trying to catch up with the relatively new Tesla. They seriously dropped the ball, as they had developed an EV way before anyone else did, just to purposely destroy it to keep their partner oil companies happy. Oil companies are the bane of everyone, and so many governments still just keep sending them 'grant money'.
@@JamesDeWalt909 maybe. But these Chinese makers are moving into Europe and Latin America , overtaking waning US automakers . Ford is gone, and ironically so, BYD overtook Ford’s last closing plant in Brazil . Lock, stock , and barrel. And they are targeting Ford Dealerships for flag conversions. And then there is Chery, Great Wall. No global presence , no economies of scale. No funding for new product lines.
@@JamesDeWalt909 Yeah, I've seen those pictures too. You should actually dig into those stories more. Those were purpose built for a rideshare project that went bankrupt. The cars have barely any range, the whole project is in legal limbo, and the cars were left to rot because they're practically useless and worthless. The batteries in them are Lithium Iron Phosphate - low energy density, super cheap, and barely worth recycling. But it makes for great FUD clickbait about how awful EVs are and how China is just churning them out and leaving them to rot.
Same thing happened 250 years ago with the invention of power loom. up until that point the textile industry relied on very skilled artisans to hand weave cloth. Then somebody invented the power. loom. that could manufacture material cloth in a 10th of the time as a manual worker. The equipment was very expensive, and Capital intensive The workers protested vigourously, hoping to bring the companies to their knees. Eventually they accepted that they lost the battle and today everyone benefits, form unexpensive, manufactured textiles.
It wasn't as much the technology as the industrialization of what was a cottage industry, forcing WFH laborers into factories where they have no say about their hours or pay. While amazingly productive, it was also incredibly abusive until the rise of labor unions a century ago.
I Guess ppl just have to adjust to the new realities. If they can fight back they do, yet the bigger picture still depends on the market. If Tesla and other EVs are what consumers demand, the market is just going to be leaning on these EVs. The union fighting for themselves is what benefits them too, it’s all based on who’s the stakeholders and what benefit they are fighting for. Are they wrong? No. More are they correct, it’s all fighting for benefit of oneself.
The cell phone can do what 10 seperate devices did. You don't see people whining that their answering machine factory shut down. How is electric car the same? They are greedy just clinging on to their union benefits. I mean they want a raise and also want to work 1 less day a week for it???? NOT!!!
Legacy auto and many of their workers are stuck in the past. The truth is that companies like Tesla are now making a better product, and people want that more than they want the junk Detroit is selling. I have a Tesla Model Y, and I have no desire to buy a non-electric vehicle ever again. It is not possible to win a contest of innovation by digging in your heels and refusing to change.
I feel the same way. Me and my wife have only one car and it's a 2022 Model 3 long range. We also have no desire to ever buy another gas car again. Looking to get a model y for the wife once we pay off the model 3.
Me too, I have a Rivian R1S (after my Tesla Model 3) and loooooove them both. I can't see a world where I would go back to ICE, which feels sluggish and barbaric in comparison.
The Dunning-Kruger effect is a type of cognitive bias in which ev car buyers believe that they are smarter and more capable than they really are. Essentially, low ability ev car buyers do not possess the skills needed to recognize their own incompetence. The combination of poor self-awareness and low cognitive ability leads them to overestimate their own capabilities. The term lends a scientific name and explanation to a problem that these people immediately recognize-that fools are blind to their own foolishness. "Ignorance more frequently begets confidence than does knowledge.
@@jakedank2746 So the very positive experience me and my wife have with EV ownership means nothing now just because you disagree? Would you make the same comment about gas car owners having the Dunning-Kruger effect?
@@JW-fm2cy Your experience cost so much money you were in debt for it. I have the “bought a 2012 gas car in 2014 for $15k cash and $600/yr auto insurance” effect.
@@Entertainment- think about how ridiculous that sounds. The union are composed of auto workers. The workers want their employer to end operations (which is likely what would happen post-bankruptcy)??? make it make sense
@@BOZ_11 I was in a union. The workers aren't calling the shots, the bosses are. The workers are just the pawns caught in the middle. Unions want to keep their cash-flow flowing in and the bosses' pockets lined. They don't want to change, they just want to keep strongarming the carmakers.
It wasn’t ‘auto plants’….it was UNIONIZED auto plants. As the southern states that have lured production there (mostly foreign companies, first) have learned, auto jobs alone still have not raised them out of the bottom ten in the USA for education, lifespan, wages, etc.
RIGHT TO WORK (for nothing) southern states where $14/hr is a lot of money to ppl that if they ever had a job it was minimum rage and NO BENEFITS. $110,000 for a FORD 4x4 TRUCK??? WOW houses in the south/ sw can be had for half that price... fixer uppers in so so neighborhoods
it astounds me too. most of my vehicles are USED USED USED made to be worked on $1500 or LESS vehicles that i wudnt trust to the next town over ... 15 miles
In 2019 when Tesla turned the corner Legacy Auto realised that they had to stop just talking about EV's but actually had to produce them in reality and not on a computer rendering. We see today that they can't make a EV that can hold a candle to a Tesla. If the UAW gets their way, there is no way they can make a EV anywhere near the price point of a Tesla and will hemorrhage money all the way to bankruptcy. The Model 3 is $38,990 take the tax break of $7,500 it makes the cost $31,490. The Toyota Camry XLE(best trim to match the Tesla) is $35,694 Today, Tesla beats the best historical selling car. And Tesla will keep dropping the prices as they perfect their manufacturing process. And finally, Joe Biden has nearly depleted our Strategic Oil Reserves and the middle east is about to heat up tremendously. What do you think that will do to gas prices?
All great points. I have a 2018 Tesla model three and have put 150k miles on it driving around the US. The only maintenance has been new tires. It’s over for ICE.
Don’t blame the Unions. Blame the C Suite US Car makers like Boeing have sat back and taken profits and not re invested in new technology, they have just sat back and milked profits for themselves. No US Car maker C Suite or Boeing should receive any share options to C Suite. The Unions have not decided the strategy the hopeless US CEOs have done this, they need to pay for it. How many times have the US car makers been bailed out, whilst CEO is paid 50M a year in shares etc, which they then don’t pay tax on.
Same here bro, 2009 Camry LE no cloud nonsense, no rent to use features, any mechanic can maintain it, and paid in full. One day the wheels will fall off and then I'll buy a new car or an e bike, but the dry air where I live and my low mileage means I'll be 150 yo when that happens 😸. I can't believe cars are $50k+ now, I paid $23k with some upsell options, including taxes and fees!
I guess it's easy for Shawn Fein to encourage strikes. It's no skin off his teeth. His paycheck isn't affected, while the workers paycheck is. The longer the strike is, the worse off the workers will be but Mr. Fein gets to go to his office totally unaffected, indefinitely. He doesn't lose a nickel while the workers and their families are struggling until the strike is over.
just another reason why manufacturing will never return to the United States. The money these people will lose on the picket line will be unrecoverable by both business and employees.
The tone here is exaggerated, I think deliberately. UAW workers had their day. Everyone has their day and then we all figure out how to move on. I would like to see the figures that support the UAW built the middle class.
Someone knowledgeable please help me understand why the unions picked now to strike? I live on "Auto Dealership Row." Ford, Chevy and Stellantis are packed with super high priced vehicles. Walking through their lots it was difficult to find stickers under $50,000. Most were high $60,000 and many over $90,000! And many loaded with phoney addons! One dealer had $1,990 market adjustments!!!!???
I hate to say it, oil has become a liability for many countries in light of the ongoing inflation crisis and increasing oil prices. Add to that the pollution it causes. EVs are the future, even German automakers see the writing on the wall. Tesla has taken the market by storm.
Too bad so many Germans are being misled by their media, as they actively destroy Teslas in response. Apparently, the US isn't the only one with horrible media.
There are no workers better paid than UAW employees. They’ve been getting profit sharing, fully paid medical without deductibles and lots of other benefits, that even myself as a retired automotive and aerospace engineer, never received. they need to stop, whining, and accept a compromise with the automotive manufacturers before they totally destroy our domestic Automotive build. Literally millions of jobs will be lost. UAW worker’s excessive compensation was a significant factor in the bankruptcy of GM and Chrysler. Automotive executives also need a hair trimming! They get paid way too much!!
Average UAW worker at Ford earns $70 an hour for low skilled assembly work. Hyundai / Kia pay $20 an hour, and companies in Mexico pay $5 a hour. I really don't understand why these workers are striking, they are seriously overpaid for their role already, and they're at significant risk of losing.
where did u see 70 an hour? I have seen 38 on the high side, they're still over payed, these workers barely or didn't even graduate high school, if they want more money they should run a billion dollar company, it's American nothing is stopping them
@@jasonmitchell8883 The 70 an hour is probably the total cost to the company to employ a person not the take home wage.. From what I recall, this is against the 45 or so at Tesla. Another issue is that unions are wanting car makers to retain workers even when an EV requires fewer workers in the power train department. A company can't hire workers just to hire workers if there is nothing to do.
Unions members wants to work less and less, gets more and more, over low value low skilled job. They blame everything else than themselves. As if the employers owe them a living. They could have just leave for a better paying job but because they know they can't find any better paid jobs so they choose to hold employers ransom.
Watched an interview of Swedish steel workers. They were asked are you worried about losing your job to new less polluting less employees steel technologies. They chuckled and said why? The government and industry here will retrain us and find other employment just as they have in the past. America's corrupt anti worker anti human greed is at the heart of our sad situation. Bloomberg has built his empire on this system.
@@davidwebster2616 The whole automotive industry is a goliath institution that has lobbied against any and all forms of alternative transportation. Short of flying, they've made it expensive, inconvenient, or downright impossible to get from point A to B without a personal vehicle. They've made them bigger (but not better), harder to work on, and taken as many rights as they could from it's owner in hopes that the vehicle will be the center of your's and everyone you know's life.
@@Xevion Have you looked at the distance between cities on the west coast. Even in the LA basin think about traveling from Agora Hills to Upland by public transport. Public transport works really well along an artery if you want to go off the artery…. It doesn’t work
This is not about global warming but a better form of transport. We had the same problem when cars took over from horses. Your either onboard with the new technology or your left behind like the Luddites 200 years ago, when they smashed up looms to try to stop progress, it did not work. You cant stop progress, you may slow it down a bit, but you cant stop it
Better technology?. No . Electric vehicles pollute just as much, are more expensive, since its resale value is low, because of the cost of replacing batteries. 2we don’t have enough electricity to power all the electric cars, if we go all electric.
@@stevegold2717 We have enough electricity to power all EV's there is enough for what we have now and as the need to refine gas/petrol declines we will have enough electricity to power all EV's, ie it takes more electricity to make fossil fuels than EV's need to power them
@@stevegold2717 Wow the Hive mind is strong in you, batteries out last cars by 10-20 years according to Nissan data and then they can be 95% recycled. There is a huge demand for some EV's and my Tesla when it was just 12 months old was worth more than the new price. EV's do not pollute, keep taken the meds
@@stevegold2717 You should know that will all change and batteries/EVs with be more efficient and cheaper,longer range,quicker charge times,etc.. I’m just waiting for EV prices to go down with improvements.
I love how technophile like to compare cars and horses and think Evs are a better technology than a ice car. Why do you think you are seeing a lot of new car companies making evs? Because there's very little engineering needed to make a Ev car. Now if ev cars could fly then yes it would be like comparing cars and horses but they can’t so in the long run they are just the something just powered by two different things to make a move. And one more thing Ev car buyers are mind children, Mind children are easily led - and easily misled.
If the American Auto Industry had originally instituted "Profit Sharing" for all it employees, I believe that the income disparity between the CEO's & their workers would not have happened! When workers truly share in the profits of a company, they are more likely to work harder, to enjoy an increased revenue! "Profit Sharing" should be the norm for all major American companies!
If you get unempolyed or laid off in Germany, the state/government will pay you a percentage of your last paycheck for an amount of time. Losing your job in Europe is essentially very uncomfortable but an economic death sentence as to (I assume) the US
@@PacamammaI quote the US system: "Benefits are based on a percentage of a worker's average pay over a recent 52-week period, and their calculation can vary by state" Lets see how it is here in Austria: You get 55% of the net income of the second before last year of your employment. Plus family incentives and money for nursing a family member. And all of that if you have worked at least 3 years without interruption for a maximum of 30 weeks.
LOL…”the sacrifice of the workers”. The reality is that the UAW labor costs contributed to the decline of Detroit - how could it not - and that the bankruptcy should have led to the death of GM and Chrysler along with all those overpriced jobs. What actually occurred was that the Feds propped up GM/Chrysler by pumping in equity to the business which allowed them to survive and go on. The beneficiary of that equity was…the UAW, who was given the largest equity stake in GM. Those who paid for that were the US taxpayer and the old shareholders who were wiped out…I never received any dividends from the Detroit resurrection…did you?
Unfortunately the asking price n benefits request from the union workers are too high, they’ll end up chasing these companies out of their cities at some point. N when that happens they’ll wonder what went wrong.
I've agreed with that concept in the past, but in this new EV world not so much. The UAW's demands need to be met, but the companies' greed is what chases them off. The problem with that is they're likely to run off and still lose money. They have to stay to get the IRA bumped sales (for now). They need serious refurbishing of their plant designs to compete with Tesla, and their greed makes them hesitant. They currently lose money on every EV sale they make. It's time to put that into their workers and spend on better plant design. There's no other way but to close down.
the UAWs demand make no sense@@PaulADAigle . they want more pay while only working 4 days of the week. Given how much US automakers are struggling given the shifts to EVs, meeting the UAW would most certainly result in bankrupcy within a few years
@@jorgeavelar98 Well, the workers were working extra hard destroying their bodies, how else can they be clear to reduce the hardship? The companies need to refurbish their plants into better EV manufacturing. They lose money on every EV sale as it is. Tesla doesn't have that issue.
Nothing lasts forever and one should be prepared for a changing global economy. This is a big issue with the U.S, long term planning is just not something they focus on, always trying to appease constituents in the short term and never explaining to the public the importance of long-term investments in the country.
Total nonsense. German car makers have the highest unionization rates in all of German industry. At Volkswagen, for instance, 95 percent of employees are unionized.
I don’t want one here either. They were cool to look at but reading the fine print and the sales with everything along with the registration that’s already double yearly fees no thank you!! Pretty much just paying your gas tax ahead!
Some 120 years ago, around 1903, when automobiles started being built, buggy and whip sellers were railing against the newfangled cars. Life evolves. Adapt or move to the side.
What’s happening is the auto makers are automating more and more of their production which requires far fewer employees. Plus they’re outsourcing as much of their production as they can because union laborers are more expensive than the non-union laborers that the outsourced companies hire.
From the auto manufacturer perspective. It would be difficult to promise a number of jobs if you don't think you'll need those jobs. How do you do that and stay competitive? If promises were made by the auto manufacturers, then something has to be done about repaying those promises. Tough times.
The manufacturers need to spend a lot more, to get more. The UAW needs to allow many of the workers to retire (with a decent retirement package of course).
@@PaulADAigle That means the public buying autos need to pay a lot more. People are already starting to shy away from the new car prices. We'll see how this plays out.
@@twoweeledsoto6072 Considering that an acceptable wage would mean they could actually buy them, yeah I'd agree. I've been pushing for a living wage across the board for years. As long as everyone has a living wage, I'd say let the puzzle pieces fall where they may.
@@PaulADAigle 1. And acceptable living wage may be difficult to define. 2. If everybody is making more to meet the acceptable living wage, the price of that automobile is going to be exponentially higher. This is what people don't get about inflation. Wage inflation is a huge contributor to that. But in the end, the chips are going to fall where they fall.
@@twoweeledsoto6072 For many decades Wage hikes caused inflation (The Federal Reserve). The problem is, since the '80s, wages no longer caused inflation, it was the companies (frequently monopolies) themselves in their greed. They just kept raising prices as fast as the Demand allowed. The wages just sat still, while inflation kept going up and making their earnings more and more useless. Bernie Sanders pushed for the minimum wage to be increased to $15/hr back in 2012, 11 years ago. It didn't succeed. The minimum wage hasn't increased since 2009, and it wasn't high enough back then. There's not a state where people can rent a 2-bedroom on full-time minimum wage, and how many people are stuck working multiple jobs and no benefits? Funny how hard it is for anyone to get a car.
there are NO UNIONS In the 3rd world. no benefits. mostly female labour so that dont have to deal with testosterone, drunks, smoker male labour. like the maquiladora plants on the southern border that corp only have to pay for VALUE ADDED. ship parts to mesico , have them assembled, and return across the border into the US. a boon for Corp america MORE PROFITS for the top .001% of the ruling elite
These workers are working dead-end low-skilled assembly jobs for dead end companies, because at every point in their lives they chose to take the easy route of begging for money, rather than making the effort to learn new skills. I have no sympathy for the plight of lazy people. All union workers are like this.
@@Parakeet-pk6dlwho cares if they like 'their' job. No one owes you a job. If Ford/GM/Stellantis decide to replace UAW $70 per hour labor with $20 non-union labor, or $7 per hour labor in Mexico they have every right to do so.
BYD overtaking Tesla (6:38)???... 🤔...🤣🤣🤣🤣! Are you kidding? Even if you think "Tesla is just a car company", which it isn't, it's never going to happen. Think FSD, Cybertruck, Semi, Optimus🤖, Dojo, etc. Thank you Bloomberg for making me laughing out loud 😊.
The problem is that BYD does have high pure BEV numbers, so the yahoos will wave those around like it means something, without having ever actually looked at the cars BYD makes. BYD has 1 model that actually compares well with the Model 3. Everything they make uses LFP batteries, many have
Unions had a purpose when they first started, but have evolved in the wrong direction as the government has. Bloated, Overpaid and working less. Union workers make more money than the mechanics that have to fix their work, union workers can blame whomever they want but the closing of their plants was because they wanted more for less. Unions need to end and people need to learn more than one job when they leave high school, learning one job and having no back up skill is like playing the lotto.
@@brent4073ICE cars catch fire at a much higher rate than EVs. If you are concerned with that, that's just a reason to switch to an EV. Preferably one with an LFP battery as they are even safer when it comes to fires.
@@brent4073 Wow the propaganda brainwashing hive mind, is strong with you. Hollywood has made billions from the fact that ICE cars explode 250,000 ICE cars per year caught fire in the USA alone. US insurance stats show that for every 100,000 cars, 25 EV's catch fire and 1,532 ICE cars burn, thats 60x more chance that an ICE car would burn and not an EV. I would be more worried about the ICE car myself
What do auto workers want? The union is asking for 36% raises in general pay over four years - a top-scale assembly plant worker gets about $32 an hour now. In addition, the UAW has demanded an end to varying tiers of wages for factory jobs; a 32-hour week with 40 hours of pay; the restoration of traditional defined-benefit pensions for new hires who now receive only 401(k)-style retirement plans; and a return of cost-of-living pay raises, among other benefits. Perhaps most important to the union is that it be allowed to represent workers at 10 electric vehicle battery factories, most of which are being built by joint ventures between automakers and South Korean battery makers. The union wants those plants to receive top UAW wages. In part that's because workers who now make components for internal combustion engines will need a place to work as the industry transitions to EVs. Currently, UAW workers hired after 2007 don’t receive defined-benefit pensions. Their health benefits are also less generous. For years, the union gave up general pay raises and lost cost-of-living wage increases to help the companies control costs. Though top-scale assembly workers earn $32.32 an hour, temporary workers start at just under $17. Still, full-time workers have received profit-sharing checks ranging this year from $9,716 at Ford to $14,760 at Stellantis. source: whas11dotcom
Unions have outlived their purpose now that everything they initially fought for is law. They've become corrupt and only concerned with lining the boss's pockets like some legal mafia. If the boss doesn't get his cut, he orders everything shut down.
If the consumer demand responds predictably to higher prices, we could see a move to keeping their old vehicles, keeping them in sound operating condition or seeking new modes of getting around. Higher prices usually result in lower demand. Be careful!!
Gas powered cars have a lot of parts and are difficult to put together and need a lot of labor. The parts count for EVs can even be reduced from todays level and in time could be mostly assembled by robots. Automakers can use regulation (and climate change) as an excuse to move to EVs as consumers begin to accept them and greatly reduce their labor costs. The cost of the battery pack is most of the cost of an EV and there is a lot of cost takeout there over time as battery production increases and new types of batteries are invented. After 100 years of making cars there is no large cost takeout to achieve. In fact the cost of making ICE vehicles can really only go up. During the shift to EVs some parts vendors will simply drop out or pivot to EV only parts leaving automakers with less power over parts cost.
@@brodriguez11000 I dont think your up with current battery tech. an ioniq 5 charges 250 miles in 18 minutes. long range models have over 400 miles. in a few year 600 mile ranges will be common. 10 min charging for 600 miles is likely to be here in 5 to 10 years. the charging speed is possible in china. allready.
Tesla is already planning to cast the entire undercarriage of the car. They currently have the front and rear giga castings, but at soon as the majority of the car is cast it’s over for ICE.
I am a retired automation engineer working in GM plants in the 1970s and saw exactly what was going on. I could have replace half the assembly employees with a machine for their cost of one years pay. It would run for 10-20 years and cost 80% less over time. The union is attempting to hold the USA hostage, If American public will not pay their extravagant wages then they will blackmail them with trying to shutdown the economy for the whole country. Can Americans pay twice as much for a car than it's worth to keep unneeded people doing unneeded jobs, just so they can keep up their voting member numbers. Remember the American Farmers and UBW (United Buggy Workers), would you still send them money? The UAW is a cult. Get new jobs that you can perform adequately.
Unions can keep this up and Asia will take over in the productions
@@CrimsonAlchemistall the eletric vechile production will move overseas
@@thanosianthemadtitanic They will just go all under and Tesla will have majority of market, and rest will be overseas manufacturers.
Pay double for **worse** cars.
This is straight cap. - "I could have replace half the assembly employees with a machine for their cost of one years pay. It would run for 10-20 years and cost 80% less over time. ".
The American auto industry's biggest mistake was in deliberately lowering the quality and durability of their products, while jacking up prices.
I Don't Know Where YOU Live, But Cars Today Can Get OVER 200 K Miles Of Use When Maintained Properly. As Compared To Only About 100 K Miles 50-Years Ago. In Fact My Newest Car Is 15-Years Old And Runs Like New, And The Others Are Over 20-Years Old, And Will Last Me EASILY Another 10-Years. You Must Really Neglect And Abuse You Vehicles Freddy Boy...
No one will make money making cars in 21st Century. Not compared to:
Mistaken, to think Tesla’s future lies in cars. Look at their lead in new disruptive technologies that will be the 21st century future.
1. Energy collection and storage
2. AutoBidder, wide scale virtually powerplants
3. Robotics
4. AI for self driving and insurance
5. Power distribution
They only want to sell cars to ensure they can lead in these other markets. Incumbent Auto is clueless about the future.
Funny how these unions don’t mention the terrible reliability of American cars. Pays us more and expect poor quality.
Yea Most of these barely squeak out 100k. not everyone buys a truck with rims so they can look like they work for a living. Ive yet to meet a toyota owner convert to big 3. In the last year we switched wife from ford to subaru, I went from ford to ram. I am considering ram but i dont want to fund these loads so my next will be toyota.
@davemckolanis4683 so you say cars 20 years ago lasted 100k miles but your car will last 30 years.
We've seen this kind of phenomenon happening too many times, such as the telephone operator being replaced by automatic switches, or typewriter being replaced by computers. Even the once envied secretaries have almost gone extinct. We just can't stop the clock.
I don't understand your comparison. EVs are still cars, they are built by people and machines just with less parts. Really EVs are not a problem, just a challenge to solve. Tesla already has the solution so GM, Ford, Jeep/Chrysler just need to copy them. I say "just" as if its so easy to do right? Right now, the immediate challenge is supporting their workforce.
@@davidwebster2616there lies the problem for unions. Tesla does not have any unions. Nor does the Chinese EV makers who are majority of the non Tesla EV makers. And the Big 3, they struggled to innovate since the 70s
Beautifully put ! we have to move forwards. Figure new ways of living.
*BMW Mercedes and VW are also headed to bankruptcy, Tesla is eating their lunch*
There are always other jobs created. Even with EV you will need battery makers, recycling, IT, programmers, etc.
It's been a rough year with losses from failed banks and government, real estate crashes, a struggling economy, and downturns in stocks and dividends. It feels like everything has been going wrong.
What a terrible year it is…
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I worked a union job when I was young, for the first and last time. Bunch of idiots who think they're important.
#1 is the company must make a profit and survive. Everything else is secondary including workers.
If you can't except that, go someplace else.
The last ten years of my working life, I had pay cuts because of company survival issues....multiple times. I stayed and stuck it out eventually, they layed me off at 70. I retired!
Fact of the matter,, UNION leaders concern,,, why CEO receives ten of millions e.g. Barra of GM, getting 20 milli0n compensation ,, what a joke? The system memes to understand? Wow or duh lol,, lol🤣
@@asleytamkei7507GM CEO's receive 'tens a million' cuz of presidents like obama who gave them bailout money. Tax payers lost over 10billion on GM stock alone, this reported 10yrs ago.
I'm 88 and as a young man I worked and belonged to 3 unions. My union experience was identical to yours. But one soup company treated its workers terrible! They were not unionized but should have been unionized. I estimate 85% of their workers were very poor women
Historically, the public were similarly reluctant to use driverless 'elevator cars' when first introduced. Today we think nothing of getting into a windowless sealed metal robot box.
For me the paradigm shift was last month after a 14 hr round trip over two days in my Tesla Y, so many years of driving and it really just struck me as I felt as if I had a great very capable copilot, when I was tired it was driving so well, just mind-blowing realizing I actually had more control options as in a truly new driving experience. Yes I did briefly stop to charge & eat something, but Arrived to destination relaxed and not tired. I could not believe it, never had that feeling before, usually you have to stretch neck etc - none of that!
I still take the stairs. You can trust Mr. Otis's new fangled metal box all you want....no thank you.....
These people expect to tighten bolts for $40 an hour for the next 40 years... it is not realistic. They need to increase their skill set and employers should help subsidize their education to keep them as useful employees.
There is nothing stopping these companies from outsourcing, if enough UAW picket and stop working they sure will.
GM has been subsidizing their education for many decades. It's not their skillset that failing, it's their bodies. With their income slowly falling by not keeping up with inflation. In response, they have to work more and harder. If they outsource, they'll get major backlash, and lose way more than simply spending more on wages. They could do like they've done before, and move to an area that pays less (and no UAW), but then they'll lose the bump that the IRA gives them. The companies need to pay a lot of money and refurbish their plants, and actually pay their employees more... or move and lose anyway.
woth inflation being at its all time high why are corporations responsible for adjusting the wages to offset inflation? Maybe the voting choices by these states have played a large roll in the inflation soaring
@@jasonmitchell8883 The Federal Reserve raises inflation by triggers designed into the economy of balance. It was expected to go up when workers get more wages but currently has gone up strictly because of the greed of the companies. Basically, the company has taken the worker's wages for themselves. THEY are the reason for the inflation.
@@jasonmitchell8883: inflation is a global phenomenon; how would a person be able to vote to affect something which is happening globally?
Also, yes, companies adjust wages to account for inflation all the time. Did you not get a raise last year?
Build back better is obviously not working neither is Biden mental capacity
Union or not, most of the workers will need to shift their skillsets to needs within the EV world. For example, there is a growing shortage of electricians for installing charging infrastructure and building needed components in that area as well. Perhaps the unions and auto manufacturers can provide education assistance for workers to make this transition? Other areas like EV/battery pack repair and recycling will also be huge.
Yeah, but that’s hard to do. It’s like telling coal workers to learn to code. It’s very hard to tell that to the people who’ve been mechanics for 15, 20 or even 30 years. It’s easier to pivot if you’re young or barely starting your career.
EV's still need Electric motors, gear trains suspension assemblies, I'm sure present auto workers could do that instead
Union workers are resistant to change, they just wanna keep doing what they are currently doing even when they environment is no longer suitable for such jobs
Mostly not. There is need for very little staff to do that.
On the same note as Stephen94 said:
I've been a system administrator for 16 years. In January I started learning to code in Python, which is one of the easiest programming languages.
Gave up after 2 months. It just doesn't stick to me even though I have some previous experience in writing scripts and basic web coding.
The type of mental routine is too different.
And age matters a lot in the learning process.
No matter what job or career you go into, always have one foot out the door. History shows you are never irreplaceable so make sure your income isn’t, either. Have a side gig that you could spin up into a job, make investments into a business or whatever it takes but never be totally reliant on any employer or industry for your life.
Exactly, always seek new opportunities like building electric trains to compete with greedy automakers 🚝🚇🚎
@@SSGoatanks I have a huge HO gauge electric train layout in my garage.
The thing with German unions being on the board is that these unions care about the long term health of the company Vs an American union worker only caring about making it to the next smoke break,
On the other hand, its because german unions are allowed on the boards that allow them to be moderate. If you feel like you can't have a voice, it benefits you to extract as much as you can when you have leverage. Also, the unions being on the board make it much easier for workers to root out corrupt union leaders because they no longer fear union collapse from rooting out the rot.
it also makes the german companies very rigid, unbending, afraid of change.
Unions and companies in the U.S. are natural enemies so ofc they're less efficient
Well said
Meanwhile in Singapore our unions are more low-key (in fact I've never heard of some of them before) & many careers that'd be unionized are done by foreigners, who're legally banned from unions (maybe as that would constitute foreign political interference) & come from neighbouring lower-income countries with lower cost of living, so they may have lower salary expectations. Meanwhile locals thus have strong incentive to further their education more (~98% will go on to study for at least a diploma or vocational certificate today) so they can qualify for higher-level careers that're less likely to be unionized
The world is moving to EV...with or without the US participation. If we don't figure this thing out quickly. It's going to be hard to compete with Chinese and other foreign EV who already has better battery tech
Bro… how many charging stations outside of the cities are there…? Also how many Africans need to die for you to drive from your house to your dog groomer..? They cause too much damage to the earth both before and after their lifespan… EVs will get scrapped in due time.
@@EcceHomo1088 I agree we will return to a walking species even bicycles will be banned due to the emissions to extract the metals before we even consider refining, casting, welding, painting & delivery just for the convenience of being able to travel faster than walking!
@@EcceHomo1088 If America rejects EV's America will be scrapped, not the EV's.
This is a once in a blue moon opportunity to turn oil deficits into EV profits. If we sit on our hands the Chinese will be the new saudi arabia and we will lose our economic strength and potentially our freedoms.
No its not! Battery cars cause much more damage than regular cars!!! This stupidity is spreading like cancer and folks are jumping on board without even understanding the facts and truth of battery cars!!!
@@MrMichiel1983... where are the farms located champ... You have no brain...
Majority of German cars are made in the United States, Mexico, South Africa, and China. The German vehicles made in Germany, have a huge markups such as the Mercedes SL and the S class and the Austrian G wagon.
The Future is the Luxury Segment but the biggest Middleclas Cars have no Chance Between China and Europe!
You either adapt or become extinct.
I would rather the entire Detroit become extinct lol
People pay for a product, not to support one job over another.
That's your stance as a consumer. I know plenty who e.g. avoid Nestle products.
@@thedanyesful That's still a product, he's saying that companies don't exist to employ people, they exist to provide a service/product for a profit.
learn new skills don't get left behind, enough said
Is not the worker. It's the leaders that are dragging their feet because their products are making money. If a company goes out of business is the mgmnt's fault not the individual workers
@@jonathanf.9395 It's always the workers responsibility to learn skills that are valuable enough to be paid what they want to be paid. These UAW workers want to do unskilled assembly work that foreign workers will do for a few dollars an hour, but they want to be paid $70/hr to do it. It's just completely unrealistic to expect the automakers to pay that much money for work that they could get done in Mexico for a 10th the price.
@@jonathanf.9395 Correct.
The big 3 are 💤😴💤😴 for the last decade and now its the EV fault? Nope they didn't act soon enough and Adopted and embraced Ev plants /cars
Even with rapid EV growth, roughly 94% of new vehicles sold in the U.S. in 2022 had a gas tank in the back and a combustion engine up front. This is the EV Decade, but the market is a long way from becoming an EV market.
@@jakedank2746the point he’s making is that Tesla was not sleeping doing that decade. And now Tesla has a decade plus lead
@@jakedank2746 The lie is that only 6% of the new vehicles MADE in 2022 were EVs, and 100% of them were sold. So far in 2023, it's 8%, and every year that grows as more battery production comes online to support producing more EVs. We're now at an inflection point, where growth starts to go vertical. Almost all automakers have new battery factories that will be coming online by 2025 that will triple their battery capacity, increasing EV production to almost 25% of total auto production. And there's plans to increase production capacity even further beyond that.
Every tech disruption in history has displaced the preceding technology within a decade, once it emerges onto the market. EVs emerged onto the market in 2018 when Tesla began mass production of the Model 3. By 2028, they will have displaced ICEv as the dominant automotive power system. By 2030, disruption analysis projects 80% of the auto market will be EVs, assuming any automakers are even still able to find buyers for ICEv.
@@stanleycius3295a lead for electric cars yes. But not everyone wants an electric car. Unless the infrastructure and battery tech is improved, most won’t make the jump to one.
@@RRLV434The battery tech has improved and continues to, same with infrastructure.
I think Mary Barra is making way too much money. I agree. But if the uaw gets what they want the vehicle prices are going to be passed on to us the consumer. We the average person can't afford their vehicles.
That's the point. The UAW workers can no longer afford to buy the vehicles either. Plus labor cost is only 5% of total purchase price.
@@jonathanf.9395 So 95% goes to shareholders and CEOs? Wrong!!!
Most of the remaining 95% goes to labor outside the company.
~~~
*Who's Making Cars and Trucks?*
10% Big 3 Assembly, Tier 1
At GM, Ford, and Chrysler, unionized production workers hired before two-tier was imposed in 2007 have had their wages frozen at $28.69 an hour for about a decade. (Skilled trades workers such as pipefitters and electricians make $32.83.) They still have a decent health plan and a defined-benefit pension. Even first-tier workers, though, may be subject to grueling 10- to 12-hour days, seven-day weeks, or rotation between day and night shifts.
4% Big 3 Assembly, Tier 2
Production workers hired at the Big 3 since the 2007 deal are union members too, but permanently stuck on a lower tier. They make $15.78-$19.28 doing the same jobs as Tier 1 workers. They have a lesser health plan and a 401(k).
5% Other Unionized Auto Workers
Other unionized auto workers work at heavy truck plants (such as Freightliner), one Mitsubishi plant in Illinois, and a handful of parts suppliers. Workers at the Faurecia plant in Saline, Michigan, for example, supply dash panels to Ford, making $11.50-$15.50. A just-rejected pact would have raised them to $12.50-$17.50.
81% Non-Union Auto Workers
The parts sector is overwhelmingly non-union. So are the "transplants" where workers assemble cars for foreign-owned automakers such as Nissan. Mercedes. and Volkswagen. We calculated the average non-union auto wage as $16.60, but its probably lower because the available data for auto work tend to exclude low-paying subcontractors and temp agencies. One outsourced worker we interviewed last year was making $9.30 test-driving vehicles at union plants
_Source: UAW National Collective Bargaining Departments, Bureau of Labor Statistics Quarterly Census of Employment and Wages, Center for Automotive Research, Labor Notes reporting and calculations._
~~~
Also, the price of energy and raw materials depends on their extraction, and there is an entire industry of mining and refining and the labor which goes into making all of that possible. When the UAW demands increasing wages, they are really talking about only themselves. When they talk about keeping jobs, again, they are only thinking about themselves.
Anyone can bolt on lug nuts all day with an impact wrench. Very few people have the skills to run a multinational company with hundreds of thousands of employees. GM can't afford not to pay Mary Barra what she asks for.
Just like me, never buy cars made in US, so I don’t care how overpriced those cars are. Also, made in Japan means much better quality. Even my friend appreciates the Tesla model y he recently got which was build in China for its much better quality than those made in US.😅
But that’s just it, the auto makers are not making cars for the average person anymore. They are making fewer cars that only sell to high net worth individuals. We then get to buy these cars 2nd or 3rd hand.
Strange that autoworkers never knew the environmental effects of car emissions would steer the industry towards EVs. I knew that 20 years ago and I wasn't even in that industry.
It's not the autoworkers, it's the automakers that lapsed. The autoworkers just work on what their job requires.
I don't think they care. Most people don't care until they are on deaths doorstep and they start screaming for help. We are all about to start to screem.
The few that did know only managed to awaken a few others and there maybe a larger amount of people willing to change.
The screaming will urge many to change but I feer we are too late but rather late than never.
I think the following climate induced wars will thin out the human population on top of man made wars and natural disasters made more frequent by climate change.
I see no upside without the above pain.
Because the autoworkers are the ones steering the business? Same old story: socialize the costs and privatize the profits. Executives get huge salaries and benefits because they're "leaders" but then when challenges come suddenly it's not their responsibility. If you blame a production line assembler more than the Chief Executive Officer for the missteps of a corporation then you're just a bootlicker.
@@CausticLemons7The UAW deserves responsibility for producing cars of lower quality compared to the Asian OEMs. An Accord and Carmy built in the US by non union workers, is at a higher quality compared to a Stelantis, GM, or Ford products. These UAW workers always mention what they are "owed" but never mention what they must give to their customers.
@@briangasser973 Proving my point. The executive leaders of these companies are not responsible for anything. Apparently you believe these for-profit, public corporations are run from the bottom up. But tell me, what could a CEO actually be responsible for if not lower quality products, unhappy workers, and being less competitive in the markets?
Imagine workers at factories making typewriters complaining that there's less work for them because people have moved on to using computers. Makes no sense to hold back progress just because a few workers' skills will be obsolete. Makes much more sense to train them to do other stuff.
By the way, since they're union, doesn't that mean that they're well covered when they're laid off?
Why not UAW make their own Car Company.? They talk that they know all.. why not make it a company and do what you are saying now to their workers
They could not places to pieces together hence the shitshow employees get to keep their jobs
It looks like our industry is going to lose jobs in our country.
I know! Let's work a four-day week for higher pay - that'll fix it 🎉
ha ha ha. they will like it working at McDs, fast food, hotel/motel, convenience stores..... for $12/hr and NO BENEFITS.... like the bottom half of americans do already. existing from check to check, 1-3 paychecks from being homeless
The UAW workers had better learn new skills, and they'd better learn those skills quickly. Like it or not, the electric car requires far fewer moving parts, which means waaaaay fewer workers, especially when you consider increased use of robotics and artificial intelligence. Hopefully the big 3 in America will help fund retraining for their many employees, but that remains to be seen. A factory that would once needed a few thousand employees will soon only need a handful to produce the same output. Electric-powered vehicles are here to stay, so please UAW workers, retrain yourself before it is too late.
That’s the problem they basically have no skills and want more
There not smart enough to be retrained most of them don't even have a high school education.
5:54
They already are making efforts to retrain traditional workers
Well, the well-paid jobs will disappear, as simple as that. Even with retraining there will be no space to reallocate all workers with the same wages. EV are a panacea with our current technology
They also require less maintenance, such as zero oil changes. Those oil change shops will go out of business. Also, gas stations will have to change to charging stations, but only if they can fit in enough parking spaces to make it profitable since it takes a much longer amount of time to recharge.
The workers who are on strike are union and hence are linked to companies which are not making vehicles with the best Available technology.
That’s the problem and is the fault of the companies who will suffer along with their workers for making poor choices.
Their solution: make even more poor choices by resisting EV pivot for production.
It won’t end well for those companies and workers if EV adoption increases.
And it won’t end well for the broader US economy if EV Adoption doesn’t increase.
No one that I know wants a EV / AV Anxiety Vehicle that didn’t already get one . 🤷
@@zoobrizzcurious as to where you live. I live in Los Angeles, and all my family and friends either already have EVs or want nothing but EVs as their next vehicle. No one in my circle has mentioned ICE cars in a few in years, they’re just not in the picture anymore.
@@zoobrizz id buy and drive one/new/or-used buy my job and life/poverty's is stoping this from being a reality for me
so for now i drive/operate 20+year old vehicles and or walk everywhere or don't go anywhere ect
i don't have 40+k in 2023 😉
What's the solution then?
abolish the unions. They are just a gang at this point, and are going to take down the major auto makers if they are not stopped. Why should a gang decide if people can go to work or not? Let the people decide, and the natural supply / demand cycle determine wages. And let tech/manufacturing continue to develop.
Unions only have influence because the government gives it to them. lGovernment manipulation using regulation to "fix things" pretty much always achieves the opposite effect. @@anxiousearth680
The heyday of automobile industry is like the modern day silicone valley which pays exorbitant salary and instilled a sense of entitlement that others can only envy.
What does the Playboy mansion have to do with the auto industry?
Isn’t the problem the companies they work for? That did not innovate, instead waited for the asteroid like dinosaurs?
the real problem is not the wage itaelf, or at least when you compare "real wage" to German.
Cheap and accessible education and the important thing, universal healthcare.
I can pretty much earn much, much lower in terms of raw money earnings compared to my us counterparts and still a hundred times happier knowing I don't need to sell my kidney to fund my kid's higher education.
@JamesDeWalt909 They said that last year, it didn't happen because supply chains with America were re-instated. You forget that the reason they wanted Russian oil was to lower their dependence on U.S gas and oil so they wouldn't be pulled into Middle Eastern Geo-politics. AND they only relied on oil and gas because of anti-nuclear environmentalists. Note how France is doing just fine in regards to energy because they didn't listen to idiots who don't understand energy consumption.
Besides we have shale oil extraction there's not a deficit of oil at all atm and probably won't be because as gas prices rise infrastructure for Nuclear grows and electricity gets cheaper.
@JamesDeWalt909 Europe is only better than the U.S because we take responsibility for everything, if America went isolationist the world would explode
Too much truth here!!!;)
this comment is irrelevant since everyone in the UAW already has healthcare. the issue is that they want more pay while only working 4/7 days of the week. The demands dont make much sense and it kind of seems like the UAW wants everyone to lose their jobs
Lastly, if you keep looking at legacy car companies (the ones that sell 99% gas vehicles to this day) and you see that the demand for those car companies vehicles are dropping, stop saying EV demand is dropping unless you say ALL EV demand is dropping. No, Ford, Nissan, GM, Stalantis, Toyota, VM and all the rest demand is dropping. Tesla is STILL 51% YoY on growth. No one wants their garbage from legacy. And legacy loses money on EVERY EV vehicle they sell. With dropping ICE sales, they are looking at going broke. So they can't take something like a giant strike to lower their profits while simultaneously increasing the overhead they have to pay employees by 40% more for them. It's not that the UAW strikers don't deserve it, it's just that it will spell their doom even faster than it was already happening. It's sad really.
I think the conflict will always be there and opposite interests are there. Unions look after workers' livelihoods, but it can destroy these too unintentionally. Australian car industry died partly cos of the unions demands and the local Ford/Holden could not compete in the markets. There are always winners and loser in every technological shift.
It's crazy how these people think they are entitled to what they are asking for. If you aren't happy with your compensation, go somewhere else if you are qualified and possess a marketable skill.
It’s crazy how people like you think your opinion matters on a subject you nothing about.
They will be whacking themselves out of job soon.
Just think of the problems the auto industry was for horse farms and buggy whip makers. It's not the country's responsibility to maitain obsolete jobs. Lower wages and more flexible work rules is the only option if the US is to save it's auto industry. The UAW will decide.
Guess ev will be made in mexico
Looks like it.
Time for the big three to clean house.
This is their chance to kick the union out but I doubt they'll be brave enough to do it. What's likely is that the UAW will destroy itself from greed and take the Big 3 down with it.
Forget legacy brands, Tesla (maybe) and BYD are the future (for better or worse).
Tesla for sure. They have the highest-selling models of anyone. BYD is great, but they have so many models that there aren't any standout ones. They make them cheaply with cheap labor costs, but the tariffs significantly reduce US sales due to added costs. Even considering all of that, Tesla in China is still a serious contender.
@@PaulADAigle BYD makes the battery for Tesla a long with the majority of other electronic parts used across other product items (ie: touch screens). Once BYD gets rolling, and in truth they haven't yet, they have everything to build their cars in China. What other car manufacturer can claim that? They will hinder/price out/chain supply out all other competitors. It is inevitable. Tesla did to China what America did for the Japanese after WW2. All this UAW stuff, however seemingly justified, is not an issue for BYD. Just so you know, I'm not an advocate for China, just a sad person who thought America was the best, but has had the curtain pulled back.
Nine Chinese car factories producing in Mexico now. You do not need a calendar for this, but a stopwatch. The new Mini, the new Smart car, the $35k Volvo. All Chinese. Your next ride if you do not support Tesla now.
Profits belong to the shareholders. Workers get paid for work. Shareholders take the risk of losing all their money. Workers get a paycheck, win or lose. Workers can buy all the stock they want.
And when companies just do stock buy backs instead of paying their workers?
Which companies are not paying their workers?@@jonathanf.9395
Oversimplified view, isn't it? Profits get skewed by initial labor costs, so profits can be used as an indicator of when employees can successfully ask for raises. And then beyond those initial labor costs, tons of companies do profit sharing, bonuses, etc. that affect total compensation of employees. This entire UAW bargaining ordeal is just about coming to an agreement over "how much?"
I congratulate you for having a rational argument. However, every company does a make/outsource decision. It is clear the direction this decision is going. Once enough parts are outsourced, American management won't be needed either. The whole car will be foreign. So, I guess the UAW gets the last laugh. @@reiddickson
@@jonathanf.9395 It's illegal not to pay workers. There are no workers for the Big 3 who weren't paid. If companies are buying back stock with their leftover money after paying their workers, it's their money to do with as they wish.
EVs are horrible in cold or hot climates, horrible on hills, batteries are not where people wish they were.
EVs are popular in Norway and Iceland, but then again these two countries have very cheap electricity.
I'm currently in Shanghai. The local EVs here are levels ahead of the western companies. BYD, Avatar, Voyah, LEAP, NIO etc offer much MUCH better value for money. Apart from advanced techniology like multiple screens etc, they are comfortable and feel durable. IDK what will happen to the western car companies even in the near future. They basically priced themselves out of the market by basically selling an already overpriced shell of a car, but the options are the real money greedy grab which should have come as standard in the first place. ( HUDs and ventilated seats, standard screens etc ).
@@JamesDeWalt909 Tesla economies of scale is happening right in front of our eyes. They are dropping prices not due to lack of demand or sales like mainstream wants you to believe, it's because of economies of scale. As Tesla makes it more and more efficient to produce their cars (gigacasting by removing more robots and processes and parts), they are single handedly disrupting the auto industry world wide.
Agreed, for the most part. Tesla is global but is primarily based in the US. They are the ones leading the pack, even over your locals. The rest of these 'western' companies are just trying to catch up with the relatively new Tesla. They seriously dropped the ball, as they had developed an EV way before anyone else did, just to purposely destroy it to keep their partner oil companies happy. Oil companies are the bane of everyone, and so many governments still just keep sending them 'grant money'.
@@JamesDeWalt909 maybe. But these Chinese makers are moving into Europe and Latin America , overtaking waning US automakers . Ford is gone, and ironically so, BYD overtook Ford’s last closing plant in Brazil . Lock, stock , and barrel.
And they are targeting Ford Dealerships for flag conversions.
And then there is Chery, Great Wall.
No global presence , no economies of scale. No funding for new product lines.
@@eplugplay8409 Tesla has been at a loss for 20 years. No one except companies in China can allow this.
@@JamesDeWalt909 Yeah, I've seen those pictures too. You should actually dig into those stories more. Those were purpose built for a rideshare project that went bankrupt. The cars have barely any range, the whole project is in legal limbo, and the cars were left to rot because they're practically useless and worthless. The batteries in them are Lithium Iron Phosphate - low energy density, super cheap, and barely worth recycling. But it makes for great FUD clickbait about how awful EVs are and how China is just churning them out and leaving them to rot.
Same thing happened 250 years ago with the invention of power loom. up until that point the textile industry relied on very skilled artisans to hand weave cloth. Then somebody invented the power. loom. that could manufacture material cloth in a 10th of the time as a manual worker. The equipment was very expensive, and Capital intensive The workers protested vigourously, hoping to bring the companies to their knees. Eventually they accepted that they lost the battle and today everyone benefits, form unexpensive, manufactured textiles.
It wasn't as much the technology as the industrialization of what was a cottage industry, forcing WFH laborers into factories where they have no say about their hours or pay. While amazingly productive, it was also incredibly abusive until the rise of labor unions a century ago.
I Guess ppl just have to adjust to the new realities. If they can fight back they do, yet the bigger picture still depends on the market. If Tesla and other EVs are what consumers demand, the market is just going to be leaning on these EVs. The union fighting for themselves is what benefits them too, it’s all based on who’s the stakeholders and what benefit they are fighting for. Are they wrong? No. More are they correct, it’s all fighting for benefit of oneself.
The cell phone can do what 10 seperate devices did. You don't see people whining that their answering machine factory shut down. How is electric car the same? They are greedy just clinging on to their union benefits. I mean they want a raise and also want to work 1 less day a week for it???? NOT!!!
Legacy auto and many of their workers are stuck in the past. The truth is that companies like Tesla are now making a better product, and people want that more than they want the junk Detroit is selling. I have a Tesla Model Y, and I have no desire to buy a non-electric vehicle ever again.
It is not possible to win a contest of innovation by digging in your heels and refusing to change.
I feel the same way. Me and my wife have only one car and it's a 2022 Model 3 long range. We also have no desire to ever buy another gas car again. Looking to get a model y for the wife once we pay off the model 3.
Me too, I have a Rivian R1S (after my Tesla Model 3) and loooooove them both. I can't see a world where I would go back to ICE, which feels sluggish and barbaric in comparison.
The Dunning-Kruger effect is a type of cognitive bias in which ev car buyers believe that they are smarter and more capable than they really are. Essentially, low ability ev car buyers do not possess the skills needed to recognize their own incompetence. The combination of poor self-awareness and low cognitive ability leads them to overestimate their own capabilities. The term lends a scientific name and explanation to a problem that these people immediately recognize-that fools are blind to their own foolishness. "Ignorance more frequently begets confidence than does knowledge.
@@jakedank2746 So the very positive experience me and my wife have with EV ownership means nothing now just because you disagree? Would you make the same comment about gas car owners having the Dunning-Kruger effect?
@@JW-fm2cy
Your experience cost so much money you were in debt for it.
I have the “bought a 2012 gas car in 2014 for $15k cash and $600/yr auto insurance” effect.
The big 3 made big money selling overpriced and often defective new vehicles . Loans are longer and more people are defaulting on loans .
It's what American and Chinese cars have in common: being a garage hog 🐷🔧
Imma have to go with the Auto makers on this one, the UAW demands are way too high and impractical
55 years of age on average. It's hard to believe let alone maintain if it's true.
They'll be dead before the automakers agree to their ridiculous demands.
@@dang3304 you demanding to be listened to is ridiculous.
@@BOZ_11the unions would rather bankrupt the automaker to maintain their archaic ways than moving with the times
@@Entertainment- think about how ridiculous that sounds. The union are composed of auto workers. The workers want their employer to end operations (which is likely what would happen post-bankruptcy)??? make it make sense
@@BOZ_11 I was in a union. The workers aren't calling the shots, the bosses are. The workers are just the pawns caught in the middle. Unions want to keep their cash-flow flowing in and the bosses' pockets lined. They don't want to change, they just want to keep strongarming the carmakers.
It wasn’t ‘auto plants’….it was UNIONIZED auto plants.
As the southern states that have lured production there (mostly foreign companies, first) have learned, auto jobs alone still have not raised them out of the bottom ten in the USA for education, lifespan, wages, etc.
RIGHT TO WORK (for nothing) southern states where $14/hr is a lot of money to ppl that if they ever had a job it was minimum rage and NO BENEFITS. $110,000 for a FORD 4x4 TRUCK??? WOW houses in the south/ sw can be had for half that price... fixer uppers in so so neighborhoods
I can't afford $80,000 vehicles. Doesn't matter what kind they are. They shouldn't hate rich people so much. Who else is going to buy their products?
it astounds me too. most of my vehicles are USED USED USED made to be worked on $1500 or LESS vehicles that i wudnt trust to the next town over ... 15 miles
Careful what you wish for you might get it
In 2019 when Tesla turned the corner Legacy Auto realised that they had to stop just talking about EV's but actually had to produce them in reality and not on a computer rendering.
We see today that they can't make a EV that can hold a candle to a Tesla.
If the UAW gets their way, there is no way they can make a EV anywhere near the price point of a Tesla and will hemorrhage money all the way to bankruptcy.
The Model 3 is $38,990 take the tax break of $7,500 it makes the cost $31,490. The Toyota Camry XLE(best trim to match the Tesla) is $35,694
Today, Tesla beats the best historical selling car.
And Tesla will keep dropping the prices as they perfect their manufacturing process.
And finally, Joe Biden has nearly depleted our Strategic Oil Reserves and the middle east is about to heat up tremendously. What do you think that will do to gas prices?
All great points. I have a 2018 Tesla model three and have put 150k miles on it driving around the US. The only maintenance has been new tires. It’s over for ICE.
@@MB-kk8pxId like to hear what you have to say about your 2018 when its 30 years old 😂
@@waterloo123100 Lets be reasonable and make it a 100 years.
Don’t blame the Unions.
Blame the C Suite
US Car makers like Boeing have sat back and taken profits and not re invested in new technology, they have just sat back and milked profits for themselves.
No US Car maker C Suite or Boeing should receive any share options to C Suite.
The Unions have not decided the strategy the hopeless US CEOs have done this, they need to pay for it.
How many times have the US car makers been bailed out, whilst CEO is paid 50M a year in shares etc, which they then don’t pay tax on.
well you join the electric car train or you die is just that simple !
Not really the gov hasn’t even started the framework to go electric and from a technological perspective it’s not in our lifetime.
How compassionate.
Lol
Let gm go out of business they and Firestone is reason we don’t have the light trolley and we probably would of had a nationwide highspeed reilly
My next vehicle will definitely be an EV, but I'll be driving my Toyota Camry until it falls apart.. so it'll probably be 20+ years later.
You are educated and financially literate.
Same here bro, 2009 Camry LE no cloud nonsense, no rent to use features, any mechanic can maintain it, and paid in full. One day the wheels will fall off and then I'll buy a new car or an e bike, but the dry air where I live and my low mileage means I'll be 150 yo when that happens 😸. I can't believe cars are $50k+ now, I paid $23k with some upsell options, including taxes and fees!
A union can't protect you from becoming obsolete
I guess it's easy for Shawn Fein to encourage strikes. It's no skin off his teeth. His paycheck isn't affected, while the workers paycheck is. The longer the strike is, the worse off the workers will be but Mr. Fein gets to go to his office totally unaffected, indefinitely. He doesn't lose a nickel while the workers and their families are struggling until the strike is over.
They're all done for, writing is on the wall. Tesla is disrupting auto industry along with Chinese EVs.
Tesla and BYD are the pivot point. If Tesla can make a deal to make and sell cars in India, they'll be tough to beat.
Believe me if BYD can sell their EV in India at 9000 USD like in china u know every India will buy BYD seagull
@@boiscooka232 India is not a fan of China. They want to make their own cars. Tesla needs to convince them that they do it 😤 better.
BYD will do it for the common indian
@@jamesbingham1007 Xiaomi ? 🤣 Oppo ? Vivo ? 🤣
@@boiscooka232we are switching. I used to buy only these brands, only switching to other premium non china brands
just another reason why manufacturing will never return to the United States. The money these people will lose on the picket line will be unrecoverable by both business and employees.
The tone here is exaggerated, I think deliberately. UAW workers had their day. Everyone has their day and then we all figure out how to move on. I would like to see the figures that support the UAW built the middle class.
Nothing to do with EV. Everything to do with productivity and automation.
They keep voting for the party that wants to destroy their jobs ??? 😂😂😂😂😂
Someone knowledgeable please help me understand why the unions picked now to strike? I live on "Auto Dealership Row." Ford, Chevy and Stellantis are packed with super high priced vehicles. Walking through their lots it was difficult to find stickers under $50,000. Most were high $60,000 and many over $90,000! And many loaded with phoney addons! One dealer had $1,990 market adjustments!!!!???
I hate to say it, oil has become a liability for many countries in light of the ongoing inflation crisis and increasing oil prices. Add to that the pollution it causes. EVs are the future, even German automakers see the writing on the wall. Tesla has taken the market by storm.
Germans have moved away from battery cars! They cause more environmental damage than regular cars!!!
2030 net 0 is a childish wish
Too bad so many Germans are being misled by their media, as they actively destroy Teslas in response. Apparently, the US isn't the only one with horrible media.
Why do you hate to say it?
@@dev.b9685Never set goals for yourself huh? Plus , it's the government. It will change
There are no workers better paid than UAW employees. They’ve been getting profit sharing, fully paid medical without deductibles and lots of other benefits, that even myself as a retired automotive and aerospace engineer, never received. they need to stop, whining, and accept a compromise with the automotive manufacturers before they totally destroy our domestic Automotive build. Literally millions of jobs will be lost. UAW worker’s excessive compensation was a significant factor in the bankruptcy of GM and Chrysler. Automotive executives also need a hair trimming! They get paid way too much!!
Not every industry survives forever…where are all the blacksmiths of yesteryear?
Well if you dont adapt you die.
" . .Stand up to corporate greed .. " Like the union DEMANDS of working 32 hr and getting paid for 40 isn't greedy.. . ..
Average UAW worker at Ford earns $70 an hour for low skilled assembly work. Hyundai / Kia pay $20 an hour, and companies in Mexico pay $5 a hour. I really don't understand why these workers are striking, they are seriously overpaid for their role already, and they're at significant risk of losing.
where did u see 70 an hour? I have seen 38 on the high side, they're still over payed, these workers barely or didn't even graduate high school, if they want more money they should run a billion dollar company, it's American nothing is stopping them
@@jasonmitchell8883 The 70 an hour is probably the total cost to the company to employ a person not the take home wage.. From what I recall, this is against the 45 or so at Tesla.
Another issue is that unions are wanting car makers to retain workers even when an EV requires fewer workers in the power train department. A company can't hire workers just to hire workers if there is nothing to do.
Well, digital cameras were a problem for Kodak film developers too...
We need to end Tariffs and send foreign cars here. I want to pay less not more.
then the US car truck mfs are DONE without 25% "chicken" tax on vehicles imported.
Adapt or Die = The history of technology and humans
Unions members wants to work less and less, gets more and more, over low value low skilled job. They blame everything else than themselves. As if the employers owe them a living. They could have just leave for a better paying job but because they know they can't find any better paid jobs so they choose to hold employers ransom.
Watched an interview of Swedish steel workers. They were asked are you worried about losing your job to new less polluting less employees steel technologies. They chuckled and said why? The government and industry here will retrain us and find other employment just as they have in the past. America's corrupt anti worker anti human greed is at the heart of our sad situation. Bloomberg has built his empire on this system.
and to think taxpayers bailed out these greedy auto companies
I just wish we had more and better public transport in this country.
public transportation you say? Guess who bought up all the trollies decades ago? The same companies who are having this UAW challenge right now.
@@davidwebster2616 The whole automotive industry is a goliath institution that has lobbied against any and all forms of alternative transportation. Short of flying, they've made it expensive, inconvenient, or downright impossible to get from point A to B without a personal vehicle. They've made them bigger (but not better), harder to work on, and taken as many rights as they could from it's owner in hopes that the vehicle will be the center of your's and everyone you know's life.
@@Xevion
Have you looked at the distance between cities on the west coast. Even in the LA basin think about traveling from Agora Hills to Upland by public transport.
Public transport works really well along an artery if you want to go off the artery…. It doesn’t work
localized economies too
This is not about global warming but a better form of transport.
We had the same problem when cars took over from horses.
Your either onboard with the new technology or your left behind like the Luddites 200 years ago, when they smashed up looms to try to stop progress, it did not work.
You cant stop progress, you may slow it down a bit, but you cant stop it
Better technology?. No . Electric vehicles pollute just as much, are more expensive, since its resale value is low, because of the cost of replacing batteries. 2we don’t have enough electricity to power all the electric cars, if we go all electric.
@@stevegold2717 We have enough electricity to power all EV's there is enough for what we have now and as the need to refine gas/petrol declines we will have enough electricity to power all EV's, ie it takes more electricity to make fossil fuels than EV's need to power them
@@stevegold2717 Wow the Hive mind is strong in you, batteries out last cars by 10-20 years according to Nissan data and then they can be 95% recycled.
There is a huge demand for some EV's and my Tesla when it was just 12 months old was worth more than the new price.
EV's do not pollute, keep taken the meds
@@stevegold2717
You should know that will all change and batteries/EVs with be more efficient and cheaper,longer range,quicker charge times,etc..
I’m just waiting for EV prices to go down with improvements.
I love how technophile like to compare cars and horses and think Evs are a better technology than a ice car. Why do you think you are seeing a lot of new car companies making evs? Because there's very little engineering needed to make a Ev car. Now if ev cars could fly then yes it would be like comparing cars and horses but they can’t so in the long run they are just the something just powered by two different things to make a move. And one more thing Ev car buyers are mind children,
Mind children are easily led - and easily misled.
If the American Auto Industry had originally instituted "Profit Sharing" for all it employees, I believe that the income
disparity between the CEO's & their workers would not have happened! When workers truly share in the profits of
a company, they are more likely to work harder, to enjoy an increased revenue! "Profit Sharing" should be the norm
for all major American companies!
Bring back the horse and buggy! High labor and lazy unions for everyone!
Why is that if it is for the better, people always find a problem?
If you get unempolyed or laid off in Germany, the state/government will pay you a percentage of your last paycheck for an amount of time. Losing your job in Europe is essentially very uncomfortable but an economic death sentence as to (I assume) the US
Same, its called Unemployment Compensation in U.S.
The other big issue is healthcare coverage when you’re unemployed
Ok that's not unique get off your high horse
@@PacamammaI quote the US system: "Benefits are based on a percentage of a worker's average pay over a recent 52-week period, and their calculation can vary by state"
Lets see how it is here in Austria: You get 55% of the net income of the second before last year of your employment. Plus family incentives and money for nursing a family member. And all of that if you have worked at least 3 years without interruption for a maximum of 30 weeks.
LOL…”the sacrifice of the workers”.
The reality is that the UAW labor costs contributed to the decline of Detroit - how could it not - and that the bankruptcy should have led to the death of GM and Chrysler along with all those overpriced jobs.
What actually occurred was that the Feds propped up GM/Chrysler by pumping in equity to the business which allowed them to survive and go on. The beneficiary of that equity was…the UAW, who was given the largest equity stake in GM.
Those who paid for that were the US taxpayer and the old shareholders who were wiped out…I never received any dividends from the Detroit resurrection…did you?
Unfortunately the asking price n benefits request from the union workers are too high, they’ll end up chasing these companies out of their cities at some point. N when that happens they’ll wonder what went wrong.
I've agreed with that concept in the past, but in this new EV world not so much. The UAW's demands need to be met, but the companies' greed is what chases them off. The problem with that is they're likely to run off and still lose money. They have to stay to get the IRA bumped sales (for now). They need serious refurbishing of their plant designs to compete with Tesla, and their greed makes them hesitant. They currently lose money on every EV sale they make. It's time to put that into their workers and spend on better plant design. There's no other way but to close down.
Looks like my EV options might be made in Mexico.
@@blackworldtraveler3711 Mostly I agree. Tesla's building a plant down there.
the UAWs demand make no sense@@PaulADAigle . they want more pay while only working 4 days of the week. Given how much US automakers are struggling given the shifts to EVs, meeting the UAW would most certainly result in bankrupcy within a few years
@@jorgeavelar98 Well, the workers were working extra hard destroying their bodies, how else can they be clear to reduce the hardship? The companies need to refurbish their plants into better EV manufacturing. They lose money on every EV sale as it is. Tesla doesn't have that issue.
Nothing lasts forever and one should be prepared for a changing global economy. This is a big issue with the U.S, long term planning is just not something they focus on, always trying to appease constituents in the short term and never explaining to the public the importance of long-term investments in the country.
With regards Germany. I know in a number of these car firms many, if not most, of the employed workers are not unionised.
Total nonsense. German car makers have the highest unionization rates in all of German industry. At Volkswagen, for instance, 95 percent of employees are unionized.
The biggest problem for auto workers is Fain
It is not EV vs ICE, it is unions and dealers vs no union and no dealer that matter.
Most folks in America can’t afford EV’s nor do they want one.
I don’t want one here either. They were cool to look at but reading the fine print and the sales with everything along with the registration that’s already double yearly fees no thank you!! Pretty much just paying your gas tax ahead!
What a great, even handed report that showed all sides of this important debate
Some 120 years ago, around 1903, when automobiles started being built, buggy and whip sellers were railing against the newfangled cars. Life evolves. Adapt or move to the side.
vw is going bankrupt
What’s happening is the auto makers are automating more and more of their production which requires far fewer employees. Plus they’re outsourcing as much of their production as they can because union laborers are more expensive than the non-union laborers that the outsourced companies hire.
From the auto manufacturer perspective. It would be difficult to promise a number of jobs if you don't think you'll need those jobs. How do you do that and stay competitive? If promises were made by the auto manufacturers, then something has to be done about repaying those promises. Tough times.
The manufacturers need to spend a lot more, to get more. The UAW needs to allow many of the workers to retire (with a decent retirement package of course).
@@PaulADAigle That means the public buying autos need to pay a lot more. People are already starting to shy away from the new car prices. We'll see how this plays out.
@@twoweeledsoto6072 Considering that an acceptable wage would mean they could actually buy them, yeah I'd agree. I've been pushing for a living wage across the board for years. As long as everyone has a living wage, I'd say let the puzzle pieces fall where they may.
@@PaulADAigle 1. And acceptable living wage may be difficult to define. 2. If everybody is making more to meet the acceptable living wage, the price of that automobile is going to be exponentially higher. This is what people don't get about inflation. Wage inflation is a huge contributor to that. But in the end, the chips are going to fall where they fall.
@@twoweeledsoto6072 For many decades Wage hikes caused inflation (The Federal Reserve). The problem is, since the '80s, wages no longer caused inflation, it was the companies (frequently monopolies) themselves in their greed. They just kept raising prices as fast as the Demand allowed. The wages just sat still, while inflation kept going up and making their earnings more and more useless. Bernie Sanders pushed for the minimum wage to be increased to $15/hr back in 2012, 11 years ago. It didn't succeed. The minimum wage hasn't increased since 2009, and it wasn't high enough back then. There's not a state where people can rent a 2-bedroom on full-time minimum wage, and how many people are stuck working multiple jobs and no benefits? Funny how hard it is for anyone to get a car.
UAW and other unions are helping ship jobs overseas. Especially to the countries where labor unions are practically non existent.
there are NO UNIONS In the 3rd world. no benefits. mostly female labour so that dont have to deal with testosterone, drunks, smoker male labour. like the maquiladora plants on the southern border that corp only have to pay for VALUE ADDED. ship parts to mesico , have them assembled, and return across the border into the US. a boon for Corp america MORE PROFITS for the top .001% of the ruling elite
These workers are working dead-end low-skilled assembly jobs for dead end companies, because at every point in their lives they chose to take the easy route of begging for money, rather than making the effort to learn new skills. I have no sympathy for the plight of lazy people. All union workers are like this.
exactly
Really? No skill? I'd like to see you manufacture cars for 8-10 hours a day.
Or maybe they just like their job and don't like to be surround with people like you @dang3304?
@@Parakeet-pk6dlwho cares if they like 'their' job. No one owes you a job. If Ford/GM/Stellantis decide to replace UAW $70 per hour labor with $20 non-union labor, or $7 per hour labor in Mexico they have every right to do so.
US automakers already rely on protectionism like the Chicken Tax and the CAFE tax subsidies for SUVs, and still can't compete?
BYD overtaking Tesla (6:38)???... 🤔...🤣🤣🤣🤣! Are you kidding? Even if you think "Tesla is just a car company", which it isn't, it's never going to happen. Think FSD, Cybertruck, Semi, Optimus🤖, Dojo, etc. Thank you Bloomberg for making me laughing out loud 😊.
anyone who cares a little to research recent news would not post like yours. lol
BYD is huge and in a few years will be the global car player.
Tesla has had a few years in the sun, that’s changing
The problem is that BYD does have high pure BEV numbers, so the yahoos will wave those around like it means something, without having ever actually looked at the cars BYD makes. BYD has 1 model that actually compares well with the Model 3. Everything they make uses LFP batteries, many have
Besides evs, they also supply their blade batteries to Tesla and make their own chips.
They want more money and blame corporate greed! 😂😂😂😂😂
Unions had a purpose when they first started, but have evolved in the wrong direction as the government has. Bloated, Overpaid and working less. Union workers make more money than the mechanics that have to fix their work, union workers can blame whomever they want but the closing of their plants was because they wanted more for less. Unions need to end and people need to learn more than one job when they leave high school, learning one job and having no back up skill is like playing the lotto.
This comment takes the blue ribbon for dumbest comment on this comment section. Maybe dumbest comment in the history of comments.
Both sides are overly greedy. Doing nothing more than hurting the consumer.
People will always want a better product and thats EV's.
Not just better. Cheaper.
You think Tesla clown cars are better made??!!!
Until it spontanteously combusts and starts their house on fire. Then they'll want their old ICE car back
@@brent4073ICE cars catch fire at a much higher rate than EVs. If you are concerned with that, that's just a reason to switch to an EV. Preferably one with an LFP battery as they are even safer when it comes to fires.
@@brent4073 Wow the propaganda brainwashing hive mind, is strong with you. Hollywood has made billions from the fact that ICE cars explode 250,000 ICE cars per year caught fire in the USA alone.
US insurance stats show that for every 100,000 cars, 25 EV's catch fire and 1,532 ICE cars burn, thats 60x more chance that an ICE car would burn and not an EV.
I would be more worried about the ICE car myself
Try to hold back technology advancement will not only lose to competition but also bring demise to auto makers, nobody wins.
ITS TIME TO STANDUP AGAINST UNIONS
What do auto workers want?
The union is asking for 36% raises in general pay over four years - a top-scale assembly plant worker gets about $32 an hour now. In addition, the UAW has demanded an end to varying tiers of wages for factory jobs; a 32-hour week with 40 hours of pay; the restoration of traditional defined-benefit pensions for new hires who now receive only 401(k)-style retirement plans; and a return of cost-of-living pay raises, among other benefits.
Perhaps most important to the union is that it be allowed to represent workers at 10 electric vehicle battery factories, most of which are being built by joint ventures between automakers and South Korean battery makers. The union wants those plants to receive top UAW wages. In part that's because workers who now make components for internal combustion engines will need a place to work as the industry transitions to EVs.
Currently, UAW workers hired after 2007 don’t receive defined-benefit pensions. Their health benefits are also less generous. For years, the union gave up general pay raises and lost cost-of-living wage increases to help the companies control costs. Though top-scale assembly workers earn $32.32 an hour, temporary workers start at just under $17. Still, full-time workers have received profit-sharing checks ranging this year from $9,716 at Ford to $14,760 at Stellantis.
source: whas11dotcom
Unions have outlived their purpose now that everything they initially fought for is law. They've become corrupt and only concerned with lining the boss's pockets like some legal mafia. If the boss doesn't get his cut, he orders everything shut down.
If the consumer demand responds predictably to higher prices, we could see a move to keeping their old vehicles, keeping them in sound operating condition or seeking new modes of getting around.
Higher prices usually result in lower demand.
Be careful!!
Gas powered cars have a lot of parts and are difficult to put together and need a lot of labor. The parts count for EVs can even be reduced from todays level and in time could be mostly assembled by robots. Automakers can use regulation (and climate change) as an excuse to move to EVs as consumers begin to accept them and greatly reduce their labor costs. The cost of the battery pack is most of the cost of an EV and there is a lot of cost takeout there over time as battery production increases and new types of batteries are invented. After 100 years of making cars there is no large cost takeout to achieve. In fact the cost of making ICE vehicles can really only go up. During the shift to EVs some parts vendors will simply drop out or pivot to EV only parts leaving automakers with less power over parts cost.
Unless there are some real breakthroughs, the size of the US will still mean either ICEs or hybrids.
@@brodriguez11000 I dont think your up with current battery tech. an ioniq 5 charges 250 miles in 18 minutes. long range models have over 400 miles. in a few year 600 mile ranges will be common. 10 min charging for 600 miles is likely to be here in 5 to 10 years. the charging speed is possible in china. allready.
Tesla is already planning to cast the entire undercarriage of the car. They currently have the front and rear giga castings, but at soon as the majority of the car is cast it’s over for ICE.
It’s not a problem… the only problem are stock buybacks..