UAW Strike Fallout: Are Unions Destroying Jobs & Losing Credibility
Valuetainment
Valuetainment Episodes
4.8 • 1.7K Ratings
🗓️ 25 September 2023
⏱️ 14 minutes
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Summary
Patrick Bet-David explains what is happening with the unprecedented UAW strike taking place today and the severe impact it could have on the price of cars. Skip the waitlist and invest in blue-chip art for the very first time by signing up for Masterworks: https://www.masterworks.art/valuetainment Purchase shares in great masterpieces from artists like Pablo Picasso, Banksy, Andy Warhol, and more. See important Masterworks disclosures: https://www.masterworks.com/cd Connect With Experts On Minnect: https://app.minnect.com/ Want to get clear on your next 5 business moves? https://valuetainment.com/academy/ Join the channel to get exclusive access to perks: https://bit.ly/3Q9rSQL Download the podcasts on all your favorite platforms https://bit.ly/3sFAW4N Text: PODCAST to 310.340.1132 to get the latest updates in real-time! Patrick Bet-David is the founder and CEO of Valuetainment Media. He is the author of the #1 Wall Street Journal Bestseller Your Next Five Moves (Simon & Schuster) and a father of 2 boys and 2 girls. He currently resides in Ft. Lauderdale, Florida.
Transcript
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| 0:00.0 | It seemed like this is a season where everybody's going on a strike. |
| 0:02.4 | We know what's going on with writers and actors. |
| 0:04.1 | Gil, we saw what UPS got, big negotiation and now the union auto workers. |
| 0:08.6 | 13,000 United auto workers went on a strike after their union leaders couldn't bridge a massive gap |
| 0:14.6 | between themselves and the three top auto makers in America. |
| 0:17.9 | We're talking GM, Ford and Stellantis, aka Chrysler, a massive gap. |
| 0:22.8 | Here's what it looks like. GM and Ford offered 20% increase in their salary |
| 0:27.6 | and Stellantis offered 17.5. |
| 0:29.5 | Guess what union leaders asked for? |
| 0:30.8 | No, we want a 36% increase. |
| 0:34.5 | Studies are shown right now that this could cost the economy. |
| 0:37.9 | Billions of dollars every day while they're on a strike and on top of that 50,000 jobs, |
| 0:43.6 | it is a mess folks, but I think they watch what's going on with the strike with UPS and they said, |
| 0:49.2 | hey, maybe we can get paid. We're going to talk about that today. |
| 0:52.9 | So if you give value out of this video, give it a thumbs up and subscribe to the channel. |
| 0:56.0 | Let's get right into it. So what's really happened in these 13,000 auto workers go on a strike? |
| 1:00.0 | The strike began at a General Motors Assembly plant in Wentzville, Missouri, |
| 1:04.7 | a Ford factory in Wayne, Michigan near Detroit and a Stellantis G plant in Toledo, Ohio. |
| 1:10.3 | It is the first time in the unions 88 year history that these three different |
| 1:16.0 | companies were targeted simultaneously. |
| 1:19.0 | So what are the unions demands? As I told you earlier, |
| 1:21.4 | they want a 36% wage increase over four years. |
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