CNN’s Tapper to Ford CEO Farley: You Have Given Yourself Huge Raises, Why Can’t Workers Share in the Profits?

Breitbart ^ | 09/14/2023 | Pam Key

[Ex-Con777]

>Why on Earth aren’t they improving the salaries of their workers- especially given inflation being so bad. <

The UAW workers operate under a collective bargaining agreement(CBA). Management cannot just “give them a raise” without amending the CBA. The two sides are in negotiations to amend the CBA.

Management is offering a 20% raise. The workers are demanding a 40% raise in pay rates and being paid 40 hours for 32 hours of work (an additional 25% increase in workers at a 40% inflated cost to the company).

Someone here is being less reasonable. I’ll leave it up to you to decide.

EC

[nonliberal]

Exactly. Especially since Covid was a MASSIVE transfer of wealth upward and social mobility is extremely limited.

[T.B. Yoits]

If I own a garden I am not going to give all the tomatoes away to the pickers.

But if you expand the crop or change to a crop requiring a higher level of care, why wouldn't you expect to pay the pickers more?

In Ford's case, their CEO is publicly admitting that the workers aren't getting raises (despite the increase in the prices of vehicles and executive bonuses), because the workers are bearing Ford's losses in the coal-fueled battery-powered car division.

Companies can do as they wish but Ford admitted publicly that the losses Ford's taking on battery-powered cars is being borne by the workers. Not a good move.

Those workers had nothing to do with the executives' decision to get into the battery-powered car development. Ford wants research and development? Let them fund it via bonds and pay it back as a percentage of each battery-powered car they sell. They can't do that because the market has said that it's not economically feasible. Ford knows this and still wants to play the "Green Energy" scam with the government. Let the politicians and Ford executives pay for it out of their pockets, not the pockets of Ford workers (nor by taxpayers' subsidies).