Breitbart Business Digest: The UAW Strikes for a Livable Wage in the Era of Bidenflation

The negotiations between the United Auto Workers and the Big Three are40 percent wage hike over four years

The agreement struck after what was then the longest strike in half a century included a hybrid system of lump sum payments and annual wage increases. Every other year, workers would receive a lump sum payment equal to four percent of their wages. In alternate years,. This can be thought of as working out to around a 15 percent pay increase over the course of the contract.

than the national average, reversing the prepandemic period in which it was better. Year-over-year inflation peaked at nearly 10 percent last summer, nearly a full point above the nine percent for the national average.If inflation were to continue at 10 percent a year, a 10 percent per year raise would just keep UAW members even with the cost-of-living.

Members of the UAW hold signs outside of the UAW Local 900 headquarters across the street from the Ford Assembly Plant in Wayne, Michigan on September 15, 2023, after a strike was called.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Breitbart Business Digest: The UAW Is Fighting Bidenomics and BidenflationThe looming strike by the United Auto Workers is as much a protest against Bidenomics as it is the policies of General Motors, Ford Motor Company, and Stellantis.
Bron: BreitbartNews - 🏆 610. / 51 Lees verder »

Breitbart Business Digest: Gasoline Prices and Underlying Inflation Rose in AugustThe risks of inflation persistence got harder to ignore with Wednesday's release of the consumer price index for August, and rising energy prices played a big part.
Bron: BreitbartNews - 🏆 610. / 51 Lees verder »