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Odd Lots

What the UAW Wants From Its Fight With the Big Three

Odd Lots

Bloomberg

News, Investing, Business, News Commentary, Business News

4.41.6K Ratings

🗓️ 7 August 2023

⏱️ 54 minutes

🧾️ Download transcript

Summary

On September 14, the contract between the United Auto Workers and the Big Three carmakers (GM, Ford and Stellantis) is expiring — and the possibility of a strike is real. This comes at a delicate time for multiple reasons. The labor market is tight, which means workers have other options. Inflation is high. And the auto industry is undergoing a major shift to the electric vehicle market, which may change the composition and pay of the labor force. The stakes are high. So what does the union want and how does it fit into the goals of the broader labor market? To understand more, we speak with Dan Vicente, the director of UAW Region 9, as well as Alex Press, a labor reporter at Jacobin magazine.

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Transcript

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0:44.1

Flash-Self-Fight Hello and welcome to another episode of the Adlots podcast. I'm Joe

0:59.6

Wyzenthal. And I'm Tracy Alloway. Tracy, you know, a few episodes that we've done lately.

1:06.9

From different angles has suggested to me like we really need to talk more about, well, the sort

1:12.8

the labor aspect of building cars. The labor aspect of this renewed industrialization in the US.

1:20.3

Right. Because there is this whole discussion going on about whether or not the manufacturing

1:24.8

process of EVs is significantly different to gas engine cars. And I think there's an ongoing

1:32.8

debate about whether or not you need fewer workers in order to make an electrical vehicle rather

1:38.9

than say a traditional combustion engine. Right. So, you know, this to my mind, so we just did this,

1:45.2

recently did an episode with Cory Cantor of Bloomberg. And yeah, for we talked about this,

1:50.2

we talked about it back in April at the Econ Twitter event where there was a lot of talk about

1:55.4

this sort of like pressure to drive down costs for batteries. But it also came up, you know,

2:00.0

we talked to Jared Bernstein of the White House. And I think there's this tension because

2:04.8

obviously the sort of organized labor is this really important pillar of the Democratic Party

2:11.2

and for the White House. And at the same time, there's this question about whether this push

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