UAW STRIKE MEANS HIGHER CAR PRICES
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- Опубліковано 6 жов 2023
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In this episode, I explain the issues, differences and consequences of the likely outcome of the strike. While I think the UAW is entitled to raises, manufacturers will need to turn to more robots, meaning more lost jobs.
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In this episode, I explain the issues, differences and consequences of the likely outcome of the strike. While I think the UAW is entitled to raises, manufacturers will need to turn to more robots, meaning more lost jobs. - Авто та транспорт
If the wage of ceo's increased by 40% while the workers have actually less than in 2007 something is wrong.
workers don't have anywhere near the sheer amount of responsibilities that the ceo has.
@@keithgaming7027ceo doesn't have anywhere near the sheer amount of productivity that the worker has.
@YOEL_44 yes and no. Each worker has a small percentage of the work. The ceo though has to make sure everything lines up from start to finish, ensure bills are paid, taxes are paid, wages are paid, unemployment insurance is paid, and so on and so on.
@@keithgaming7027 Not at all, the ceo does nothing of what you have said, it just delegates all of those tasks to the apropiate deppartment, this is not your average corner store, this are massive corporations
Apply for the job as CEO
Kind of glossed over the idea that, if the UAW gets what it wants, the reason car prices would increase is really because wall street and the rich majority stockholders aren't going to stand for any dent in their profit margins. there's plenty of money there. basically, rich people gonna rich. and that's the real problem isn't it.
I'lll just continue to enjoy my 25 year old Toyota.
Best comment.
Per vehicle profit has increased over the years and we the consumers are paying more per vehicle. This is happening at the same time labor costs are decreasing due to staffing reductions. GE got rid of a ton of workers between their 2016 and 2017 reportings with a steady decrease until 2021 and while on a hiring wave they haven’t caught back to their pre2016 numbers. In that time GE has seen a 7% per year increase to average transaction price on their vehicle. Costs are going up, labor costs are going down, compensation to the executives are increasing. It’s not hard to see we consumers are getting a bad straw while the employees are also getting a bad straw.
You hit the nail on the head. One needs to not dig to far and find out where the real costs are these days...Its not in line worker compensation.
Robots don't ever get sick and they never get pregnant, I love this guy's sense of humor
Did your wage comparisons also factor in retirement and medical benefits? That also seems like a major differentiator compared to other countries.
Some coubtries have "free" healthcare, so it would look even worse
@@YOEL_44 my dad was in a union for around 30 years and when he retired he continued to get close to 80% of his working wage plus social security and still does. So we're fortunate, but I suspect it's not as high in the other countries.
add taxes to these other countries
Very simple, connect employee raises to upper management, higher ups get a raise, employees get comparable raise. Truth is though, regular cars are getting too expensive, they putting too much in the cars.
I worked at a parts distribution plant for dodge we work 6 to 7 days a week and rent around the plant in VA is 1400 a mouth for a one bed room i was making 17 an hour
Should a worker in an auto parts distribution warehouse get paid 50 to 100% more than that same worker in say a plumbing supply warehouse just because they fall under the UAW ? Just what makes auto parts in a box any different than a kitchen faucet?
@@bobroberts2371ask their union
$20 an hour for unskilled labor like burger flipping IS ridiculous BUT the reason why its a thing is because the cost of living has increased drastically and the wage floor basically had to increase a bit. Heres the pill nobody wants to swallow... if you are an unskilled worker or your skills can be done by almost anybody then you were basically meant to be poor or almost live comfortably, im sorry guys but there will ALWAYS ALWAYS be poor people, there will ALWAYS be rich people and there will Always be people that are inbetween (well off / comfortable) not everyone can have an equal piece of the pie or even a piece at all thats just how it is.
Unskilled labor has a low difficulty to entry meaning anyone can do your fucking job, anyone can flip burgers or lay brick but not everyone can be a cardiologist or a software engineer. Supply, demand and the skills you know is what will make you marketable. If you are working at a job like mcdonalds or walmart when you're 30+ years old then thats your fault and you need to learn a new skill that will pay more, if not then get left behind and dont adapt the the constantly changing market.
Power to the people! This dude worked in auto industry back in the day and afforded R34 and Supra, but has a problem with auto workers making a living wage and having insurance.
After seeing the video, looks like US workers make a pretty good amount. But to demand larger raises and get paid for a 40 hour week but only work 32 hours? Yeah, no company is gonna go along with that.
@@douglaslorin739 Fair point; I don’t see that one ever coming into fruition though, it’s more of a posturing point that the union will easily fold on, as part of any negotiation tactic.
This dude is a rich daddy's boy who inherited tons of money. Explains a lot of his views.
@@Dynamic1312 Rich boy? Have you seen this guy's videos on the cars he has owned? Nobody who is rich buys 240Zs, much less do the work themselves and use a little ingenuity. Plus his family drove regular 80s American sedans.
🤨
Power to the people isn't giving them $150hr.
A uneducated comment (that was edited to add 🙄). By a uneducated person.
When the fiduciary duty of a company hurts more people than it helps, it becomes a moral issue. But there is no morality in business, especially in corporate boardrooms. They would cut jobs to save their bonuses without blinking an eye, but apparently it's outrageous to ask for the same pay raises they gave themselves. You hit the nail on the head at 13:39. The union starts with outrageous demands and eventually lands on a figure close to what they were looking for in the first place, it's how negotiations go. I don't fault them for trying to get theirs since the executives have definitely been overpaid for a long time now.
Then why are you not an executive? If executives are so overpaid as you claim, they why are the shareholders not demanding the position be eliminated? Some numbers. CEO $ 30,000,000 give away 90 % of pay = 27,000,000. If this is divided by 50,000 workers it is $ 540 . Would you be OK with giving the UAW workers a $ 540 per year raise to keep them quiet? I would.
@@bobroberts2371because their moral corrupt like the executive that paid their dividends a.k.a kick backs. Does that answer your question.
@@rubenrosales725 If you were a CEO you could be doing a better job, seems that you don't want to make the effort.
Funny how car prices are going to suddenly raise because of a union strike, not because the CEO is getting a 35% raise 🤡
How about these numbers.
CEO makes $ 30,000,000, if they gave up 90 % that is 27,000,000 . If this is divided by 50,000 workers this equals $ 540 per worker . Would you be OK with giving the UAW workers a $ 540 per year raise to keep them quiet? I would.
I made 13$ an hour making stoves at 18yr old 16 years ago so 18hr is sad
I agree with most of what you said about the auto industry… As far as inflation and stuff like that, I prefer that not to be in my entertainment videos I watch.. I understand why you said the few things you did…
As far as electric vehicles go I don’t think they all will be eliminated cause someone like myself that owns a production company can afford to have a truck run out of battery power on the way to an event
1300 " You can't drive up the labor costs so high that it bankrupts the company " Does anyone really think that , based on the union demands , a union worker cares about anything beyond making it to the next smoke break?
Car prices have increased 30% in the past 2 or 3 years, they’re going to keep increasing. But it’s not on the workers. We haven’t been on strike for 3 years. We need our share, fuck anyone who says otherwise.
The government is pressing to only make EVs and the companys are all for it cuz the gov is going to give/pay subsidies plus it only takes a third of the employees to make an EV. the Union is trying to give us options! I'm on the union side.
What a load of B.S. The car corporation's cost of manufacturing a car was something like 5% - 9%. It was in the single percentile i know for sure. Someone please explain to leiderman or whatever the definition of profit. Record profits should be rewarded to the hard workers not the shadowy evacuative's ((running)) the biz.
I mean love the content always, but it just makes me smash the like button as soon as you bash the blue party. 🎉❤
yikes. . .
Dont be surprised to see chevy silverado with a duramax will be hitting 160k
9:00 - China, Mexico, Romania, Japan, Southern Korea and Germany all have universal healthcare or public/subsidized care...not U.S.A.
So, if no one can afford cars, we're going to go back to public transport, bikes, and horses
Gas is expensive, cars are expensive, electric cars are expensive, road maintenance is expensive
Public transport and bikes are going to be the primary transport in the future we will enter not because of electric cars or automation, But because we are priced out "for the shareholders"
My car sits and rots 7 hours away from me
Does the cost of UAW built car ever increase when CEOS and EXECUTIVES give themselves ridiculous pay packages. Its always the 18 dollar a hr union worker that causes the price of the car to increase. If GM moved all production to Mexico and paid 4 dollars a hr to build that vehicle will the Tahoe remain at 80k or will management pass the labor savings to customers. We all know the greed of corporations would never sell the Tahoe for 20k. If your not critical of management pay then your opinion on Union workers is pointless.
I'm going to give you a perfect example why our Union is worth happen.
I was working at a job past 15 years I was only late 3 times. I was forced out of the company because I was on the Spectrum and I did a small talk enough with customers and some workers. But my work was always A+
I want to work and I like to work but I was forced out of the job because of my disability. When people that played a game go out to drink a manager's have se x with managers. Get everything you want at to workplace. That's without a union how to work places in a nutshell.
Sadly I do see a lot of union workers abusing the system as well. They're not like myself that want to work always make sure they do a good job. Also if you like you can this read up about people on the spectrum and their work ethic.
If it wasn’t for my union job, I wouldn’t own my new car. I’d still be buying used cars, cash, from junk yards. Thanks to my union job, I could afford healthcare for the first time in 15 years. Thanks to my union job I was able to purchase and consume more. My union job was for a large company that everyone has heard of, we was competitive price wise with other companies while also spending more on improvements then other companies in the same industry. What was the other companies doing? One was trying to buy another one and the other was buying competition.
I’m no longer in a union job and I’m no longer able to put my money back into the economy to help other families.
And as I said , Unions helped workers get better treatment.
As someone currently in trade school for my ASE certifications. At least 3 of my classmates are lube techs at Chevy. All 3 had to get second jobs because lack of work. If the UAW wins everything they want, either the big 3 will go bankrupt paying them or a basemodel f150 XLT which is currently $107k at metro ford in OKC will be over $200k.
A base model F -150 is 34 K
@@bobroberts2371 Not in my market. The XLT trim in 2010 was $27k. There's a 2022 XLT at Metro Ford in Oklahoma City right now for $107k.
@@falyssamayhew7285 first off, base model f150 is an XL, not XLT. Second, a 30 second google search found that metro ford in Oklahoma city has several XLT's for ~55k
@@13dannyboy13 OK, and? What's your point? A Ford pickup shouldn't be 50k. Those prices are going to skyrocket because Ford won't absorb the UAW insane demands, the prices of the shitty products they sell will. Just in case you assume I'm anti Ford, I have an 03 Mustang that's being restored bit by bit. But my next vehicle purchase sure as FUCK won't be American.
@@falyssamayhew7285 my point was calling you on your bullshit claim.
I don't care what make you buy. All vehicles are ridiculously priced right now. Doesn't matter what brand it is or where it's made. That's the way capitalism is
Most of those factory are going to get automated or they will build them in Mexico... 32hrs week and paid like 40???? WHERE!!!! 50% salary raise... WHERE??? Full benefit from the start.... They are so far gone.... CAr prices form US manufacturer will increase by at least 50% to covert all those demands...
it's just common sense
The average UA-cam subscriber isnt buying new cars anyway.
Everyone deserves a living wage if willing to work based on cost of living in the area and government decisions. Part of business. If youre business is failing, its a leadership, not a worker problem. They should have to live on an apparent with a family? Never be home owners? I work for the federal government and make more than that.
Oh and for the record the information on this video is JUST WRONG 🤷♂️. The workers dont want to work four days and get paid for five. They want a four day work week. Ten hour days. The fact that leiderrboy is blowing smoke up your A about that. Lets you know why his eyes are brown 🤷♂️
Bye.
Going to get replaced by robots
"American Cars don't have better quality"
Ford Crown Victoria would like to have a word with you
Craig: Our dictator Gavy
Also Craig: $20 an hour to flip burgers, that’s too much, but I’m not a dictator
You can’t make this stuff up 😂
Fire the whole union!
It is not the corporation's fault, these people cannot live within their means. And live on a budget. Like every other human being on the planet.
Stop coddling stupid people.
They’re the reason i can’t get my parts 🙃 lol
Corporate greed is why you can’t get your parts.
Craig, you do realize that the minimum wage has been stagnant since 2007 while inflation has run rampant, I don’t understand what your problem is with fast food workers earning $20 an hour, otherwise known as a subpar actual living wage. You bitch about people who are homeless, but yet you bitch about people who want a job that pays them enough to not be homeless, double standards much?
What you neglected to say is that when you pay higher wages, the price of the product goes up (aka inflation). Fast food joints are already replacing workers with robots.
@@craiglieberman yeah but how are kids out of high school supposed to even support themselves without entry-level jobs that pay a decent wage?
Trump 2024.
No one asked
TRUMP 2024 MFR@@amcb2035
@@amcb2035But we agreed..
@@matthewmosier8439 but no one agreed outside of y'all
Yes
Screw this new OVERLY computerized junk. I'll take my old junk any day of the week. We have a colorado stranded at the shop due to inability to get new PCM for it until this strike BS os over. My stuff runs on used parts. Unions are a CANCER!!
Funny this guys in movie industry and they were on strike.....nothing said. But uaw strikes and they are assholes.
Were the movie ( actually the writers ) union demands anything like the UAW?
Just come out and say you hate the working class.
Trump/Polievre 2024