Strike has begun

[Rocksalt]

l

Facts

Sponsored

 

[Rocksalt]

l

Facts

but of course.... facts and truth haveno meaning amongst a certain brainwashed sector....

 

[Hootbro]

l

Facts

Dividends are kind of the point of owning stock. Nobody invests in the stock market as a charity measure. Facts

 

[Geoarch]

UAW and Stellantis couldn’t come to an agreement so the strike is officially starting.



Curious how long it will last and what kind of effect it will have on us. Will it push 24 gladiators back or will they just cut off 23’s after a certain time?

If they get the raise they want they will make over $300,000 per year (they now make $65/hr; Toyota workers $55/hr) according to our local paper. It is possible that Jeep may disappear, or be so expensive that only the 1% will be able to afford one.

 

[ecidiego]

Do corporations work for the employees or the shareholders? Just checking.....

Not sure when the idea that working for a corporation meant you were working for a 'profit sharing family business' came to be....

I hate the Corps too brahs but that's the way they work.

 

[Deleted member 57233]

Yes, in my opinion, it’s asking too much. I built BMW’s for 22 years. The most we ever got was 8%, once. It usually averaged 6 or 7, if we got one at all. 10% for 2 years sounds more reasonable to me. Don’t get me wrong, I hope they can get as much as possible. I realize inflation has been stupid high the last year or so. I don’t wish to see anyone struggling money wise, but you need to budget wisely. I’ve seen too many people at our plant get hired in, buy new vehicles, a house, or both, then complain that they aren’t making enough.

Just because you got stiffed for 22 years isn't a very good reason to think other auto workers don't deserve to get a raise.

 

[Deleted member 57233]

Do corporations work for the employees or the shareholders? Just checking.....

Not sure when the idea that working for a corporation meant you were working for a 'profit sharing family business' came to be....

I hate the Corps too brahs but that's the way they work.

And if they don't treat their employees right, they leave or strike, dropping value for the shareholders. This happens all the time, that's the way corporations work.

 

[Cburd61]

Just because you got stiffed for 22 years isn't a very good reason to think other auto workers don't deserve to get a raise.

I didn’t get “stiffed”. The percentages of cost of living raises are fairly consistent across all manufacturing sectors in the US. I never said they don’t deserve a raise. Maybe you need to resolve your apparent anger issues, then go-back and re-read my posts. Have a nice day, now!

 

[mtudb24]

5% is insulting. It's literally taking money out of their pockets with the increase in cost of living over the last few years. It's especially insulting when the company boasts about how well they are doing, while giving executive raises closer to 40% and doing massive stock buybacks.

I like to find any company in the Auto Industry who is averaging 9%+ wage increases EVERY year? I

Find me any health care worker who is getting 9%+ wage increases EVERY year. I know my wife who's been a RN for 22 years, has never seen a 10% wage increase in the last 5+ years..

I've been in the Auto industry for almost 30 years (salary) and work for one of the largest auto suppliers (near $20B in Revenue), and while back in the day, we enjoyed 10%+ increases in pay at certain times, but since about the last 8 years, its been 3-5% at the top end for any of the Auto Suppliers / OEM's. You might get 1 good year here or there, but never 4 years in a row which is what the UAW Is asking for.

UAW gets one hell of a profit sharing check (the more the big 3 make, the more their profit share check is) and their healthcare is 2nd to none for the most part

Do I agree CEO's make too much? Absolutely. I can't stand it. Even the company I work for, I cringe every time I see him in the hallway. However, in my opinion these UAW demands are way over the top

 

[Pescatoral Pursuit]

... an effective 75% raise just sounds greedy.

But it's okay that the execs do it.
Or did you protest that somewhere in this forum?

As far as line work is considered, unionized auto manufacturing employees have some of the best compensation packages out there.

I wonder how that happened? Probably because of what we're seeing now.

If the UAW brass weren't such greedy pigs,

And the corporate execs are greedy pigs.

And the legislators are nowhere to be found probably because the Republicans are getting kickbacks from the execs and the Dems are getting kickbacks from the unions, but this is a problem that should have a legislated answer.

they could have asked for(and received) increases in profit sharing percentages--everyone wins in that situation.

There's no heros at the top of this situation- only greedy villains amassing fortunes by overcharging the consumers. The unions rape the union workers then they hang the workers out there because it's "worker pay" being negotiated for but probably 40% ish goes right back into the union in the form of health, pensions, overhead, this, that, and the other.

 

[Hootbro]

And the corporate execs are greedy pigs.

And the legislators are nowhere to be found probably because the Republicans are getting kickbacks from the execs and the Dems are getting kickbacks from the unions, but this is a problem that should have a legislated answer.

You ok with the govt. stepping in and regulating what you make also?

I think we have seen that play out before. Everybody is a capitalist with their own money and a socialist with other peoples money.

 

[Pescatoral Pursuit]

You ok with the govt. stepping in and regulating what you make also?

I think we have seen that play out before. Everybody is a capitalist with their own money and a socialist with other peoples money.

No we haven't seen this play out before unless you are referring to events which precipitated the Bolshevik and French Revolutions, or Black Sunday.
Wealthy Middle Class is a relatively new socio-economic strata.

The facts are if you do not properly regulate capitalism it plays out like a large game of Monopoly as we are now seeing on the macro level.

https://dlab.berkeley.edu/news/expl...ot realize that,in countries around the world.

"Pareto in the Real World

The Pareto distribution has major implications in our society. Consider its original use case, describing the distribution of wealth across individuals in a society. The vast majority of the world’s citizens are clustered at a low level of wealth, while a small percentage of the population controls the vast majority of all wealth. Policymakers may not realize that wealth is distributed according to a Pareto distribution rather than a normal distribution, and this gap in understanding could lead to suboptimal policy decisions in countries around the world."

I was snapped out of my Pollyanna naiveté by a wise engineer in the late 90s back when I thought free market capitalism worked for everybody who was willing to go to work and earn. The problem with that idea is that the most successful in society are also the smartest and greediest in society and will not stop until they have taken everything they can for themselves, only being constrained by time and space and force of law.
Hawaii is living example at the moment: the ultra wealthy unscathed by the fires, instead of helping those in need the most, they are taking advantage of them in seeking to buy at bargain basement price what little bit those who've been devastated have left.

Marx had the right diagnosis but the wrong prescription.
Unregulated or poorly regulated capitalism will have the same end result as communism, it will just take longer to get there, but when it does, the tyrants will be that much richer.

 

[Hootbro]

No we haven't seen this play out before unless you are referring to events which precipitated the Bolshevik and French Revolutions, or Black Sunday.
Wealthy Middle Class is a relatively new socio-economic strata.

The facts are if you do not properly regulate capitalism it plays out like a large game of Monopoly as we are now seeing on the macro level.

https://dlab.berkeley.edu/news/explaining-80-20-rule-pareto-distribution#:~:text=Policymakers may not realize that,in countries around the world.

"Pareto in the Real World

The Pareto distribution has major implications in our society. Consider its original use case, describing the distribution of wealth across individuals in a society. The vast majority of the world’s citizens are clustered at a low level of wealth, while a small percentage of the population controls the vast majority of all wealth. Policymakers may not realize that wealth is distributed according to a Pareto distribution rather than a normal distribution, and this gap in understanding could lead to suboptimal policy decisions in countries around the world."

I was snapped out of my Pollyanna naiveté by a wise engineer in the late 90s back when I thought free market capitalism worked for everybody who was willing to go to work and earn. The problem with that idea is that the most successful in society are also the smartest and greediest in society and will not stop until they have taken everything they can for themselves, only being constrained by time and space and force of law.
Hawaii is a perfect living example at the moment: the ultra wealthy unscathed by the fires, instead of helping those in need the most, they are taking advantage of them in seeking to buy at bargain basement price what little bit those who've been devastated have left.

Marx had the right diagnosis but the wrong prescription.
Unregulated or poorly regulated capitalism will have the same end result as communism, it will just take longer to get there, but when it does, the tyrants will be that much richer.

You did not answer the question if you were ok with the Govt. regulating your wages.

 

[Pescatoral Pursuit]

You did not answer the question if you were ok with the Govt. regulating your wages.

The problem with being a sheep duped into the perspective of a wolf is two-fold:

A. You don't know that you're duped.
B. You eventually become dinner at the time of the wolves' choosing.

 

[chesafreak]

l

Facts

You would think this is a positive for the employees. I am not privy to the auto industry directly but I know alot of companies offer stock as payment/retirement. Decided to open the googler and they even are getting profit sharing at GM.. GM autoworkers eligible for up to $10,250 in profit-sharing for 2021 (detroitnews.com)

Sponsored