Auto Workers Want 40% Raise
- Thread starter Darts
- Start date
Forget raises . Companies all about profits.
No chance anyone is getting anything even though should get raise based on just inflation.
Anyone thinking companies and governments will give a raise during these times is dreaming. Corporations are trying to max profits for shareholders to raise capital and governments have printed so much money. We will be in this struggle for a decade before things calm down. We will be lucky to make 40% more in 10 years.
For some reason a lot seem to think it’s only caused by one or two things.
Obviously in play today
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www.investopedia.com
Also obviously in play today
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www.investopedia.com
In play post Covid, when a whole bunch banked $$, while others took it on the chin.
www.equifax.com
In play now? Tomorrow?
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www.investopedia.com
As for the UAW.
Guessing they will hurt their members, more than they help.
Obviously in play today
Inflation: What It Is and How to Control Inflation Rates
Inflation is a decrease in the purchasing power of money, reflected in a general increase in the prices of goods and services in an economy.
Also obviously in play today
Demand-Pull Inflation: Definition, How It Works, Causes, vs. Cost-Push Inflation
Demand-pull inflation is the upward pressure on prices that follows a shortage in supply where too much money is chasing too few goods.
In play post Covid, when a whole bunch banked $$, while others took it on the chin.
What Is Inflation: How it Works & How to Beat it | Equifax
Inflation has a big impact on your finances. Learn what it is, what causes inflation, how you can spot the signs of inflation and how you can protect yourself.
www.equifax.com
In play now? Tomorrow?
Cost-Push Inflation: When It Occurs, Definition, and Causes
Cost-push inflation occurs when overall prices rise (inflation) due to increases in production costs such as wages and raw materials.
As for the UAW.
Guessing they will hurt their members, more than they help.
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Teachers and their union. One big reason Ontario is in the mess we are in today. Might even suggest they care so much, they have thrown EAs, and ECEs under the bus.
No politician, has the backbone to do things. That might upset certain unions, who have mastered playing sympathy cards, and fear mongering in the public domain. Want to be in power in Ontario? Need the unions and GTA
Soon people won't be able to afford a car to live in anymore. How much longer before tents are unaffordable?
The auto workers of North America are demanding 46% raise and an extra day off per week. Auto sales are expected to be down 33% for the next 3-4 years. For industry and governments to give in at this time is to maintain inflation and delay economic recovery. To even meet the strikers half way on these demands can trigger a contagion of demands in other industries and possibly by government workers possibly causing a recession/depression.
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After the information you provided indefinitely think they will get a 40% raise. NOT. These workers are lucky they still got a job with all the automation of factories in their industry.
