Peter Morici on UAW Strike: UAW Seems to Be Looking for a ‘Big Payout’ as Electric Vehicles Threaten Jobs
‘What these guys are asking for is more than the doubling of the labor costs at a UAW plant’
Sep 17, 2023 5:00 AM
By Grabien Staff
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RUSH EXCERPT: MORICI: "It’s really something more for the automakers are going to make more electric vehicles that employs many fewer workers. In some ways, UAW seems to be looking to get a big payout now figuring they’re going to lose a lot of jobs anyway. They talk about creating another jobs' bank where laid-off workers to be paid even if they are not working. That is not viable. What these guys are asking for is more than the doubling of the labor costs at a UAW plant. And already Ford and General Motors of the under 10,000 dollar disadvantage to Tessler on the leading Chinese makers of electric vehicles. By the way are very good vehicles and probably better when GM is putting on the road."