"Buckle up on this one folks. The companies and the union are miles apart. Will this go on as long as the actors and writers strike? Maybe."
Okay. For the first time in forever, the UAW has struck the big three auto makers at the same time. Well, not all of them - only some selected plants. That being said, about 13,000 UAW members walked off their jobs at midnight last night. Some might say, "That will teach them! Let them starve next week!" Here is the truth on that issue - if every member of the UAW walked off their jobs, their strike fund would last 13 weeks. That is about three months of getting paid for doing nothing. And if every member walked off their jobs for three months, that might be the end of the big three auto makers. And would put a dent in our economy the size of Detroit.
Wait - what? How can this be? First off, the Hollyweird writers and actors are still on strike. As it is now, we will all be watching reruns of Ozzie and Harriet this season. And now the auto workers? How can this be, when we have the "most pro union President in history" sitting in the White House? Where did I hear that? From Biden. Just like he is the "most religious President in history". I got that from the same source.
If the truth be told, the labor content of building a car keeps shrinking. Currently, it is 10-15% of the total cost of a car. The union wants between an increase of 35 to 45% in pay over the next four years. Plus, 32-hour work weeks, and getting paid at a 40-hour week pay scale.
If you have a $60,000 car, and $6,000 of it is labor costs, that means the total cost of the car would go up another $3,000 or so. Put that in your inflation pipe and smoke it. Those retired folks on fixed income who need a new car, will take it in the shorts - again.
Where does this leave us? In Nowhere Ville. The main spokesman for the union also made it clear the union does not want a bunch of "off shoring" for these new, flammable EV units. They do not want China and Mexico in the mix. As far as the UAW is concerned, built in America, by union Americans is their vision. Period. How is that going to work, with this globalist administration? Could "Union Joe" be on the cusp of losing the union vote? Just like "Joe Six Pack" is now on "Team Trump" instead of following Biden.
Buckle up on this one folk. The companies and the union are miles apart. Will this go on as long as the actors and writers strike? Maybe. But this is just one more thing on the nation's plate right now. We have impeachments and impeachment inquiries, we have indictments, we have inflation, we have rising gas prices, and yada, yada, yada.
Welcome to Biden's America. Never a dull moment. Never.
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