NBC’s Cheung: Auto Workers Want to Get as Much as They Can Because ‘We’re Not Past High Inflation

Breitbart ^ | 09/16/2023 | Ian hatchett

[frank ballenger]

1) union contract as with the larger UPS (amazing fact that the auto industry is now 2nd to UPS) grants big money.

2) workers have more money to spend everywhere

3) cars and parts cost much more to the consumers

4) inflation gets worse.

[flamberge]

From what I’ve read, EVs require far few parts to manufacture, which means you need fewer employees,...

EV's are a bait-and-switch offering. They will never be manufactured in quantities sufficient to require the current number of employees, no matter how many parts they use or don't use.

Our rulers want to eliminate private ownership of personal transportation vehicles altogether and are pretty open about that intention these days.

Employees in the automotive industry are quite rational in attempting to grab all they can for today. There is not going to be a future employment prospect for most of them. Ross Perot was right.

"If this goes on..."

[roadcat]

Exactly—that is what the monetarists miss—once the inflation wildfire starts everybody in the economy tries to pour gasoline on it....

True, so true. The value of cash is declining at a faster rate. My wife asked why I've been buying so many tools and materials lately. Because they'll be twice as expensive later. Buying as much as I can now when they're on sale; they'll resale for more later if I need to sell them. When it comes to food, you can't stockpile it; but you can sell or trade goods later to buy the expensive food.

[srmanuel]

It’s this particular negotiation, I disagree with the idea that what the unions are asking for will bankrupt the company.

The conditions for bankruptcy were set long before this, the insane government edicts combined with poor management have created inflation and require the companies to sell cars that don’t make money in replacement of cars that do make money.

They are correct in getting all they can right now, in 5-10 years at the current rate most of them won’t be around to see another contract and it won’t be their demands that caused it.