I can't blame the UAW for trying to get a contract more reminiscent of the UAW contracts prior to the Financial Meltdown of 2008/2009. After the government bailouts of GM and Chrysler in 2008/2009 the UAW had to settle for tiered wages, no pension and reduced benefits for new hires. Since 2009 the cost of many new vehicles has more than doubled and wages certainly haven't kept up with that level of inflation.

Think about it, if you haven't gotten a base pay increase of 10%/year over the past 2-3 years you're losing purchasing power to inflation.....you have become poorer. Unfortunately it appears the federal government is going to be racking up $2 trillion deficits in perpetuity which means the 95% of Americans are going to be poorer in the future due to inflation and the devaluation of the USD

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Posted by Corn Dawg Nation

Member since Oct 2009

3532 posts

Posted on 9/15/23 at 10:56 am to Bass Tiger

quote:
can't blame the UAW for trying to get a contract more reminiscent of the UAW contracts prior to the Financial Meltdown of 2008/2009. After the government bailouts of GM and Chrysler in 2008/2009 the UAW had to settle for tiered wages, no pension and reduced benefits for new hires. Since 2009 the cost of many new vehicles has more than doubled and wages certainly haven't kept up with that level of inflation. Think about it, if you haven't gotten a base pay increase of 10%/year over the past 2-3 years you're losing purchasing power to inflation.....you have become poorer. Unfortunately it appears the federal government is going to be racking up $2 trillion deficits in perpetuity which means the 95% of Americans are going to be poorer in the future due to inflation and the devaluation of the USD

Maybe those prior contracts had something to do with the automakers basically going belly up…..

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