re: UAW president calls GM offer with 10% pay increases ‘insulting’ ahead of strike deadline

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Under the current pay structure, UAW members start at about $18 an hour and have a “grow-in” period of four years to reach a top wage of more than $32 an hour.

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UAW President Shawn Fain was not impressed by GM’s proposal, calling it “an insulting proposal that doesn’t come close to an equitable agreement for America’s autoworkers.”

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More than doubling your pay in four years (without including OT) isn't good enough? WTF?

In a standard work year (2,080 work hours) that's going from $37,440 to $66,560 in just four years.

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The wage increase for most of GM’s roughly 46,000 UAW-represented workers would be 10%, while newer, or in-progression, employees would be eligible for up to a 56% increase in wages over the four years of the deal, the company announced Thursday after meeting with union leaders and negotiators. Temporary workers, who supplement full-time employees, would also receive 20% wage increases to roughly $20 an hour.

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GM’s proposed contract also includes two additional 3% lump sum payments resulting in a total wage increase of 16%; $5,500 ratification bonus; $6,000 one-time inflation-recognition payment; and $5,000 in inflation-protection bonuses over the life of the agreement, which in-progression employees are eligible.

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And that's not good enough? The UAW needs to look at the economy and realize car sales are already ~1M-1.5M per month below pre-COVID numbers and are likely to slump due to overpriced current inventory, high interest rates and a rising glut of used vehicles. Pushing for that much more right now may well end up causing a lot of GM's UAW employees to be pushed out the door as business tightens up.