Ford GM Stellantis Vs United Auto Workers Strike Explained-Strike Explained Pros and Cons of Strikes
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- čas přidán 1. 06. 2024
- The United Auto Workers strike against the 3 big automakers (Ford, GM and Stellantis) could cause major economic repercussions. But what exactly does that look like? In this video we’ll look at what impact a strike has on workers, employers, and YOU as the consumer and dive a bit into what’s happening today.
A strike is a labor action in which a group of workers, typically from a specific company or industry, collectively stop working in order to protest working conditions, demand better wages, benefits, or other labor-related changes, or to achieve some other objective related to their employment. Strikes have both direct and indirect economic implications that can affect various stakeholders, including workers, employers, consumers, and the broader economy. Let's break down these economic aspects of a strike with an example:
#UAW #UnitedAutoWorkers #strike #Ford #GM #Stellantis
I really liked this video! Concise and correct as far as I know.
I do think this video is very slightly weighted against the UAW in terms of run time spent on how their withdrawal of labor can hurt the industry v how the industry has hurt them (personally Id spend more time on why they would want to strike in the first place), but overall remarkably balanced coverage!
great video, you're really talented, thanks for the videos!!!
Thank you! That means a lot! I’m glad you’re enjoying the channel. 😊
Job losses and price increase is the last thing we need.
Exactly. 😥
If workers should share in the company profits, should they also share in the losses. Of course whenever companies report losses, the "we should share" argument suddenly disappears.
well they already do? layoffs? do you think the manager has to pay his millions of bonus back if the company doesnt do well x)
@@krizzIybaer that's how the bonus typically works - they get it by reaching a certain performance number. And no, losses don't always result in layoffs nor is that the same thing as sharing in the loss. Imagine GM charging each employee $10k when they report a loss.
@@theelwoodfulthat's fucking stupid. How did that make sense to you? They already lose money in their 401k when a company looses profit.
American car makers suffer I laugh