The deadline set by the United Autoworkers Workers (UAW) Union to reach a deal with the big three US automakers has come and gone without reaching a settlement. Targeted but limited strikes at US plants have now begun as the union seeks to apply pressure while holding back from an all-out strike at all facilities. This follows other high profile labor disputes at airlines, railroads, and UPS earlier this year that saw labor win major concessions from employers following years of runaway inflation that has eaten away at the spending power of wages.
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Unfortunately striking is a thing of the past. People aren’t solidified. My father was a teamster you cross that line there was problems. I remember when the elevator division went on strike and one of the electricians crossed the line. People are gonna do what they got to do to feed their families. A lot of these other industries needed workers so they settled. The American car companies are not selling. They can hold out on hopes the Union folds.
HEAR HEAR JACK ! I agree with likely HIKE
Automakers now have a reason to shift more work to Mexico. And I wonder how many of the illegal migrants are Mexican autoworkers?
Broncos! Oooh savvy! A Ford Dealer employee told me they are calling all Bronco owners asking for buy back ~ so popular vehicle
Thank you for taking the time to gather all that info everyday man. Appreciate the input 🤙
They want the impact of the layoffs without having to lay off people-the strike gives them downtime to see if the economy really is going to turn the corner and come back…. a huge percentage of production that has been shifted over to electric vehicles is heavily subsidized-they won’t cut their margins in those areas. also car demand has started to crest and they can see right now what’s coming ahead of them-inventories are way up because the car manufacturers have been anticipating this, and they want to make sure they have enough inventory to ride out a couple months of DownTurn- that’s what I’m hearing from my friends in the auto industry and from third-party manufactures/ Nashville is an automotive production hub and we have a lot of automotive here.- look at the profit margins of Nissan. They’re down something like 80% year over year.
Free and fair market would give you NVDA at 86 Apple at 46 I want a free and fair market too
Their picking the wrong target, Washington is the reason the money supply went up. It's like burning down your neighbors house to fix your kitchen sink.
UAW endorsed dem craps who want freebies for all and open borders and woke madness…then they bitch about inflation.
F them all.
It's called consequences Jack.
It kills me how many minorities and blue collar workers think Biden is their boy
and he has his sleeves rolled up and is out there fightin' for the little guy everyday.
Truly sad to see how people don't learn how the poverty cycle just keeps repeating.
ASK me the Autoworkers Union Pussed out…. they striked with 12k workers not 145K …. I feel bad for the just 12k workers that got singled out to walk
Raise yes, 20% no!
I guess Jack also feels we "deserve" to pay $90k for a Bronco.
I agree with Nashville Pastaman. I think nowadays, narratives in the press are basically lies about & excuses for what TPTB want to do.
The strike is gonna improve the auto company’s EBITDA.
Slowing down the production of cars that don’t sell well sounds like something the autos would have to do anyway
and here's a way the failing auto worker manufacturers are gonna get rid of their excess. bye bye
,👍
You don’t believe in class warfare.
Jesus Christ
Why blame the fed? It was the stimmy checks that caused inflation.
Maybe Taiwan semiconductor just needs a Coreweave of its own, so it can sell chips to a company that just owns its chips…
Maybe… Another way to see it… Biden's effort to throttle the fossil fuel industry and promote his climate change b.s. at our expense is paying off… for his crowd. It's not inflation (actual), it's an increase in prices caused by Administration-forced scarcity.
Racism is not a convention, but a reality in the lives of Americans who don't look like you, sir.
Jack can you do a show about why China is buying up all the gold and silver please
Let them go out of business , all they make is overweight gas guzzlers that cost more than most people can afford
Are you planning a nVidia and CoreWeave update? Did anyone visit CoreWeave office or server farms?
Good luck to the American car workers, if they can get the payrise they want. Always makes me laugh when workers criticise works for holding out for more money. And they wonder why they get shat on so regularly & with so much impunity by societies elites lol
Jack, not that long ago I would not have agreed with your stance on the UAW striking. Now I agree 100%. Everybody should get theirs because the 1% have never stopped getting theirs. Anyway, I hope they get 36% and maybe it’ll bring down this whole federal reserve Frankenstein fiat experiment once and for all.
They like high gas prices because it makes electrical cars more feasible
Great show. I'm nobody who pays attention, but your not reading enough into which models (of Ford) is profitable or not right now (noting that sales are plummeting in general with high lending rates and cash strapped non-fleet consumers).
The Railroad workers were barred by Congress from striking. They didn't get what they wanted.
You are full of crap. UAW has had it good for to long. I have worked in GM plant, I have seen how they operate. Union workers clock in and go to sleep, do coke on the job, assault each other on the job, sexual assault on the job. The union blocks police while the workers are on property, allows the workers to leave. Damage foreign vehicles on the property, union allows this. Im surprise they even able to produce a quality amount of vehicles. Union workers cant make a living wage? Low level-$38 an hour, high level $110 an hour. Give me a break. Most American vehicles are trash because of the auto workers, the quality. Just look at the recalls and the prices.
Eat Shit-YouTube…..
OR Phoenix workers want the jobs at the new Taiwan semiconductor plant in northern Phoenix We don't want Chinese workers imported in to take those jobs, like at allthe Intel plants here. So I think there's a standoff with labor right now there.
Not about profitable vehicles….. It is about inventory. There are very few Broncos on lots…
Jack, do we know how money the UAW has in its war chests? Can they outlast the big three?
The strike doesn't concern me, but the issuance of a mandated work stoppage with their Supplier base., ie ripple effect could inadvertently affect other industries. Many shared supplier base.
HaHa Jack get ground beef!!! Still to expensive, eating ground turkey and even the cheaper ground chicken, LOL 😆
With the cost of cars right now, im all out of sympathy.
Didn’t Congress give themselves a28% raise. I wish I could give myself a raise