<div class=”d4p-bbt-quote-title”>TheFamousGrouse wrote:</div>
Okay, so here’s a good time to compare because there were a lot of hysterics around what the UAW was “demanding” in this contract. Let’s look at what really was negotiated when the dust settled.
I don’t think there was any Hysterics about what they ended up getting, it was about what they were Demanding. I think the often UAW contract negotiations are going to end up simply putting more and more workers out of a job. Auto manufactures are going to simply move more and more towards automation. Machines don’t keep asking for contract negotiations. Personally I’d prefer more workers making a fair livable wage that few workers making more than their skill and education level demands, just because of a union. Just my .02 worth.
What exactly is a “fair, livable wage?” Last I checked these people weren’t getting filthy rich even after the union settlement and asked for more money during a time of historic inflation…like every other middle class worker has done or should do.
How do you determine what their skill and education level demands? To me, I’d say let the market set it. Ironically, it did just that. If the CEO’s and head honchos didn’t need these workers at these wages, they would not have settled or would have found other people to work for less. Clearly the leaders know they can still make profits at these wage rates, otherwise it would not have happened. Nobody is going bankrupt over these nominal increases. I’ll be able to rest easy knowing the CEO’s great great grandkids will still never have to work a day in their lives.
In the end it seems that the labor market and specifically the supply and demand of laborers sorted this out – as it almost always has.