Potential auto worker strike may result in billions of losses and worsen car shortage.
Strikes in the United States: The Impact of the UAW Threat
According to the AFL-CIO union, there have been more than 200 strikes in the United States this year, involving over 320,000 workers. While some strikes may not substantially threaten the national economy, a new poll out of Michigan reveals that any strike by the United Auto Workers (UAW) will have a significant impact. The UAW is just a little over a week away from the expiration of its automaker’s contract and is threatening a walkout.
Patrick Anderson, the principal and CEO of the Anderson Economic Group (AEG) in Lansing, Michigan, highlights a crucial difference between the UAW labor threats and the SAG-AFTRA strike: inventory. During the last major UAW strike in 2019, there were plenty of cars available, both on lots and in production. However, this year, a strike would quickly prevent customers from getting their cars, causing immediate disruption.
An analysis by the AEG estimates that a strike on all three automakers by 143,000 UAW members could result in a total economic loss of more than $5 billion after 10 full days of striking. This loss would impact UAW workers, manufacturers, and the auto industry as a whole. Despite ongoing negotiations between the UAW and the Big Three automakers (Ford, Stellantis, and General Motors), little progress has been reported.
The Need for Change and Support for American Workers
Michael Hoover, a lifelong Michigander with 30 years of experience in the auto industry and a Republican candidate for the U.S. Senate seat, emphasizes the importance of supporting American workers while advocating for necessary changes. Hoover believes that scrapping failed policies, promoting American innovation, and ramping up energy production are crucial steps to improve work conditions and boost American manufacturing.
President Joe Biden, when asked about the possibility of a UAW strike, expressed confidence that it would not happen. However, UAW President Shawn Fain responded sharply, suggesting that the president may have insider information. Fain reiterated that the UAW’s intent is not to strike but to secure a fair agreement.
The UAW leadership has repeatedly stated its preparedness to strike against all three automakers. This represents a significant difference compared to the last strike in 2019.
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