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re: So how much do new car prices increase after the UAW gets its new contract?

Posted on 9/21/23 at 10:04 am to
Posted by FlyinTiger93
Member since May 2010
3724 posts
Posted on 9/21/23 at 10:04 am to
Doesn't affect me, as I have little faith in the big 3 producing a quality product.
Posted by Wtodd
Tampa, FL
Member since Oct 2013
68544 posts
Posted on 9/21/23 at 10:10 am to
quote:

350%
Posted by teke184
Zachary, LA
Member since Jan 2007
104014 posts
Posted on 9/21/23 at 10:12 am to
quote:

Biden (or who ever is running the show) will tout that we can all save by having a cheap maid and lawn care services because he let all those asylum seekers in.


Been trying to bring in a Ukranian refugee as an au pair but the wife had issues with it.
Posted by Captain Rumbeard
Member since Jan 2014
7149 posts
Posted on 9/21/23 at 10:20 am to
So's your mom but that doesn't stop everyone from banging her.
Posted by Bourre
Da Parish
Member since Nov 2012
23920 posts
Posted on 9/21/23 at 10:23 am to
quote:

Wages not keeping up with inflation is a huge problem.


Self inflicted womb due to democrat policies. Leftist crying about inflation should look in the mirror to point a finger
Posted by BigBinBR
Baton Rouge
Member since Mar 2023
10220 posts
Posted on 9/21/23 at 10:27 am to
quote:

Foreign car manufacturers fixing to eat with their non-UAW workforce.


More and more “American” cars are being made in Mexico. This will just increase the rate of vehicles being made there.
Posted by BilbeauTBaggins
probably stuck in traffic
Member since May 2021
7669 posts
Posted on 9/21/23 at 10:41 am to
It should've been writing on the wall when American companies decided that they would outright stop working on sedans.

I would only buy American if it's for a truck or large family SUV, but even then there are comparable foreign cars that do just as good a job, minus all the hassle.
This post was edited on 9/21/23 at 10:41 am
Posted by Rip Torner
Member since Jul 2023
2294 posts
Posted on 9/21/23 at 10:43 am to
No one is blaming workers genius but if you don’t like the pay you are receiving then get a different job. They aren’t asking for reasonable demands
Posted by AwgustaDawg
CSRA
Member since Jan 2023
14043 posts
Posted on 9/21/23 at 10:45 am to
quote:

If they get 40%, then 40%.



Good god almighty in a handbasket the amount of economic misunderstanding in the United States is staggering...it is no wonder most Americans would be financially ruined over a $1000 emergency....

Production costs have no bearing on the price of apples, pizzas, fire wood or new cars. Supply and demand sets prices.
Posted by BilbeauTBaggins
probably stuck in traffic
Member since May 2021
7669 posts
Posted on 9/21/23 at 10:46 am to
quote:

if you don’t like the pay you are receiving then get a different job



Go tell workers in Detroit to just "find" another job.
Posted by TDTOM
Member since Jan 2021
25893 posts
Posted on 9/21/23 at 10:47 am to
quote:

Production costs have no bearing on the price of apples, pizzas, fire wood or new cars. Supply and demand sets prices.



You don't think input costs (COGS) has an impact on pricing?
This post was edited on 9/21/23 at 10:54 am
Posted by parrothead
big salty ham
Member since Mar 2010
5251 posts
Posted on 9/21/23 at 10:49 am to
quote:

Self inflicted womb due to democrat policies.


Go back to Obama bailing out automakers to get to the start of this one. UAW made concessions and they never recouped. Not saying they’re right or wrong but corporate socialism helped them stay afloat instead of the market dictating they don’t have a job anymore.
Posted by TDTOM
Member since Jan 2021
25893 posts
Posted on 9/21/23 at 10:51 am to
They should get a 24% (6%/year) raise over the next 4 years and that is it. No pension or 32 hour work week.
Posted by AwgustaDawg
CSRA
Member since Jan 2023
14043 posts
Posted on 9/21/23 at 10:52 am to
US automaker profits have increased 75% per year over the past 3 years and 96% in the last 10 years...while UAW member salaries have increased 6% OVER the last 3 years...again, profits have increased 225% while wages have increased 6%....wages of UAW members. Big three executive compensation has increased 40% over that time frame.
Posted by AwgustaDawg
CSRA
Member since Jan 2023
14043 posts
Posted on 9/21/23 at 10:54 am to
quote:

You don't think input costs (COGS) have an impact on pricing?


I know it does not...if it did there would be no reason to manage costs, simply pass any increase onto consumers. Prices are set by supply and demand...production costs are managed to increase the difference between prices set by supply and demand and production costs which have nothing at all to do with pricing.
Posted by AwesomeSauce
Das Boot
Member since May 2015
11454 posts
Posted on 9/21/23 at 11:00 am to
They were offered 20% and said no. They also just finished getting a graduated pay raise from the 2019 strike. This is 100% a response to the UPS pay increase and the Union wanting a similar cut to what the UPS reps are getting. Line workers make 40-70k on their current contract. Not amazing, but for the areas these plants are, that's pretty good pay. They want a 40% pay raise, and OT pay to begin after 32 hours. They want the pay scale to be 57-102k So actual increase for payroll would be ~70% or 40%, but a 20% reduction in manned hours. This isn't "pEoPLe HaTE woRKeRs" It's absolutely asinine and could absolutely lead to even more manufacturing for US companies to go overseas.
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
41087 posts
Posted on 9/21/23 at 11:16 am to
Have any of the OT business majors explained why the GM and Ford executives make 5 or 6 times as much as their counterparts at Toyota and VW (both of which are way bigger than Ford and GM)?

Toyota’s CEO makes like 5mil in comp. GM’s makes 30.
Posted by jimjackandjose
Member since Jun 2011
6748 posts
Posted on 9/21/23 at 11:24 am to
Because the market and the board have rewarded those ceos with that compensation package.
The market will shut down one of these automakers if this passes through per demand and the ceos will be fine, but the workers get fricked. Guess who else will be fine... the union bosses.
Posted by TDTOM
Member since Jan 2021
25893 posts
Posted on 9/21/23 at 11:29 am to
quote:

Toyota’s CEO makes like 5mil in comp. GM’s makes 30.


Is that total comp (salary, bonus, options) for Toyota? That seems really low.
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
41087 posts
Posted on 9/21/23 at 11:31 am to
But why did the board award them that?
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