Wages haven't gone up in 15 years. Vehicle prices already went through the roof

@greanfinisher4014

8 ай бұрын

This is only by design. You see, corporate America only wants enslaved workers who are impoverished, indebted, dumbed down, obedient and so overworked at the end of the day that they will have little time nor energy to complain.

@Kusv583

8 ай бұрын

Not true. We’ve been getting a raise every other yr

@rossroys

8 ай бұрын

Gm workers was making 30s an hour jr in 2018 or atleast that was the cap ion know how 40 gone change they life too much other than making the load on the worker harder im sure

Once again labor cost is 5% of 1 vehicle they fact they still want to say our agreement has anything to do with company going bankrupt 😂

@steve-on3234

8 ай бұрын

When the net profit is only 2.36% as a company, 5% of vehicle cost is lot.

@lukecassady1802

8 ай бұрын

@@steve-on3234they’re on track to make a 30% increase in profit this year alone, so where you going with your statement? 5% in labor, and 95% of assets directed elsewhere is a huge margin. They still netted 14.4 billion in profit last year!

@rossroys

8 ай бұрын

They barely makin any money on the cars the over head it ridiculous but y’all don’t account for that just yall think they doin good

@lukecassady1802

8 ай бұрын

@@rossroys you’re lying bro! Ford alone is on track to make a 30% increase in profit this year alone. 😂 tell me you don’t do research without telling me!

Joe, I mean, what a strawman question and completely nonsensical. In the last decade auto makes have had a 90% increase in profits and like the dude said, 50% increase in last 12 months. To make the compaines look like victims is just crazy.

@willtwain1383

8 ай бұрын

Kernan is crazy.

@thisguy73

8 ай бұрын

He works for CNBC cmon he gotta make his friends happy.

@Ultrajamz

8 ай бұрын

What rule states they are entitled to the profits if they are not share holders?

@willtwain1383

8 ай бұрын

The Golden Rule. @@Ultrajamz

@jacobwatson3781

8 ай бұрын

​@@thisguy73CNBC has nothing to do with it, he just appears to be wanting to always punish labor and think labor is an enemy.

“Taxpayers stuck with the pay increase” the propaganda is unfathomable

@bill3641

8 ай бұрын

Should read "Buyers of ridiculously priced overrated vehicles will be stuck with the pay increase".

Joe's question about the government covering for a possible shortfall was irrational and misplaced, as well as politically motivated. The past support of automotive plants, due to a black swan event, has nothing to do with the topic. Yes, the contract seems to be on a rather high side, but that's a different topic that requires more detailed analysis on a different occasion. I frequently find Joe's opinions and comments biased and based on his political views, not to mention that, in many cases, they are not very insightful.

@zoranzdravkovic6420

8 ай бұрын

I work for Stellantis. In 2002 my pay was $28/hour. To keep up with inflation I would have to make $47. Even after this raise (if ratified) I'll be $12 behind.

@BrianC4812

8 ай бұрын

I have followed them for years as I have invested in stocks. I usually brush off comments like that as harmless personal opinions. His comments were clearly political and apparently has an agenda. Him and Jim Cramer have really shown their disdain towards the people that work for these companies. I work for one of the big three and I don’t think either of those 2 millionaires understand the struggles most working class people in this country are going through at this time of high inflation let alone those 3 companies. I had a lot of respect for those guys in the past but they have shown to be old, out of touch dinosaurs like most of our politicians that create policies in this country.

@thesimulations8900

8 ай бұрын

@@BrianC4812they probably understand it. They just don't give a Sh*t. They're corporate drones. Now their billionaire buddies will make one less billion.😕

@goblinzl1

8 ай бұрын

@@zoranzdravkovic6420 sorry, to read this but i think your reps did their best for you. buy something nice with that signing bonus. when its done.

@karenschaffer710

8 ай бұрын

Get rid of the unions. Fain is making $267,000 a year you people are on strike for a little more money what have you lost in the last 6 weeks if you would have worked have worked. He doesn't care he's paying you people $500 a week to walk the stupid strike line his family isn't doing without but you can bet yours is if I were you I'd go back to work you're losing more than you gain and if you shut the factory down that they can't make money you're not going to have a job anyway

Hey D bag we got back only a portion of what they took EV’s are 10-15% for autos

UAW is not asking for much: five percent a year over five years is nothing. It proves how greedy corporate American is.

@kaseyc5078

8 ай бұрын

And pension and auto cost living adjustments and 4 day work week… yea cozy jobs

@willtwain1383

8 ай бұрын

Did they get a four day work week? @@kaseyc5078

@willtwain1383

8 ай бұрын

They still are far behind European auto jobs. @@kaseyc5078

@ligmajohnson9400

8 ай бұрын

​@@kaseyc5078cry harder

@Ultrajamz

8 ай бұрын

Nothing? The average is 1-2% without switching jobs. Its too much

Good Job 👏👏👏👏 UAW 😊

Not just 15% of GM production. More importantly GMs fullsize SUV plant which is estimated to be the most profitable manufacturing facility of any kind in the world.

Let's do math , 25% divide by 4.5 years then about 4.8 % increase wage every year. That is not much since the interest will go higher. There is no slowdown of inflation.

@jacobwatson3781

8 ай бұрын

Well inflation is high at this point due to corporate profits.

@jorgebenavente9872

8 ай бұрын

Interest rates have a direct effect on inflation, back in June 22 inflation was at 9.1%, it's now 3.7% (obviously this differs on the certain item). Moreover, COLA is supposed to account for inflation, so an increase of 4.8% on real wages will positively effect a person's live

@robertwilcox1749

8 ай бұрын

Lets just look at it this way, each person is getting probably $10 more per hour, which means just on a 40 hour check over the year they'll make $20,000 more. Even more for those who were on wage tiers below assembly. With COLA this purchasing power is locked in, so inflation is now irrelevant.

Glad to see compromise on both sides. 40% plus COLA adjustment was too much, but 25% plus COLA adjustment is perfectly fair and expected

I just read that the economy is growing by 2 or 3 percent so it is probably a good move to settle. Everyone will have a good Holiday, now dont forget those whom have good jobs please donate to your local food shelters, as there are people whom are in need this time of year, despite the economy.

How did Kernan get a job as a talker about the economy? Oh ya, he is a tool for the Ayn Randers. Never mind.

"Power concedes nothing without a demand. It never did and it never will." - Frederick Douglass

@user-qf7ud5de9h

8 ай бұрын

Absolute power, corrupts absolutely wolves in sheeps clothing. Those whom practice wickedness will not be delivered by it (heracles)

But the price will go up for buyers because some works have to live $500,000 home and have a $100,000 truck.

These types of situations are why I don't own any Big 3 stocks. I can appreciate both sides but whare the long-term effects of these deals?

@lordbucketheadiii3435

8 ай бұрын

The long term effects? 150k Americans will have more time off and more money to spend in their local economies sounds like a win to me.

One of the hosts mentioned taxpayers. What type of question is that? If ford doesn’t sell cars, it’ll lay people off. Wtf. Just an irrational reaction to a mild raise for workers from one of the hosts.

Can't keep making the customers pay for loses that's a part of running a business

I for one I'm not gonna buy. They're trucks, If they can treat their workers that way, I don't want anything to do with them.

Any one who says bad Vechicles is wrong i have A 23 seirra and 24 buick encore avnir awesome Vechicles proud to have them THANK YOU UAW !!!! My step dad would not let his daughter park a foreign vechicle on his property at all my wife's uncle sam way !!!

@robertoduran6087

8 ай бұрын

A 23 amd 24 so they're still new? If so that's not saying much if your talking about reliability, I'm sure they're nice looking cars. Tell your family to drive a Honda or Toyota they'll love it

@nonenonnenopenonenomorefor5556

8 ай бұрын

IAM American I don't want a Honda or a Toyota I bought American because I support American Craftsmanship UAW STRONG !! I have never had a foreign vechicle I don't want one !!! My step dad would not let anyone park a Toyota or Honda in his driveway or in front of his house Korean Vietnam veteran USMC!!! I buy cooper and Kelly Springfield tires as well !!!!

@robertoduran6087

8 ай бұрын

@@nonenonnenopenonenomorefor5556 you know most Toyota and Hondas sold here in the US are made in the United States, just saying. But to each there own

@nonenonnenopenonenomorefor5556

8 ай бұрын

But the overseas companys get the profits !!

@nonenonnenopenonenomorefor5556

8 ай бұрын

You must be young I remember when most Americans had American products Stanley craftsman SK and so on all made here and better then black decker Ridgid Ohio so on now all overseas and cheep and unreliable tools

The rich executives learned who has the true power in manufacturing. All the suits in the world cannot produce a single vehicle...production workers generate the goods that generate Ford, GM and Stellantis their huge profits.

They took away these union workers pension. And they line their pockets with billions of dollars. What kind of a union allows that to happen.

@greanfinisher4014

8 ай бұрын

A company union such as the UAW.

@steve-on3234

8 ай бұрын

Did you realize Ford stock is same price as it was 35 years ago. Who is lining their pockets with billions? Not Ford. It's the pensioners drawing big pensions for 30 years after they quit work.

End strike and close plants, lay off workers, move jobs oversees, move jobs to other states,

You guy's nailed it. Uaw 375

@timlanedronevideo3964

8 ай бұрын

Marysville, MOPAR PDC.

Great. Pay those overpaidbums more. To much deadwight allowed. Those that don't like to work don't Honda,Toyota and all will love this.

I care about all persons, especially the working class people, I am very suspicious at the timing of this strike. I am glad it is drawing to an end. I love my American made vehicles/ American owned companies and want workers to be well paid. But, I digress. I participate in and support major street protests and pickets that try to better lives for the 99%. But no more. Why? It occurs to me that most, if not all, major street protests and pickets tend to favor the political party that seems to stand for the “ little guy” - ergo Democrats. Wide sweeping major street protests and pickets are tools for re-electing beleaguered Democratic incumbents, especially the POTUS with low approval ratings facing tough (re)elections. This strike is highly suspect. I surmise it is setting the tone for more to come over the next 10 months or so. We Americans have been and are royally played. I am no longer participating in sweeping protests and pickets occurring during the months leading up to a POTUS election. These tools of political manipulations no longer affect this voter.

Those UAW members working at the battery plants will be paid even less under this sham deal.

@ranma36

8 ай бұрын

The battery plants aren’t UAW workers…. But if they are smart they will be forcing a vote to join the UAW.

@greanfinisher4014

8 ай бұрын

@@ranma36 Well I would have naturally expected that those in the battery plants would have been already organized.

If these companies want to get into the EV industry, they're gonna Have to borrow money, just like any business would have to, That's starting from scratch.

@greanfinisher4014

8 ай бұрын

None of the Big Three auto companies have to since they're receiving billions of dollars of subsidies from the Biden regime at the taxpayers' expense.

Joe sounds like a hater

Yes, still another sellout deal with the much dreaded temporary and multiple tier systems remaining in place. In addition, a 25% wage increase over 5 years was nothing considering that inflation had risen at least that much since the last sellout contract. In fact, that was a huge stepdown from the 40% wage increase that Shawn Fain was originally demanding. Yeah, a meager starting wage of $28.00/ hour was thrown into the sham deal as well, and not to mention the absence of any pension plan. I can just imagine how those working in the battery plants will fare. Quite predictably, these UAW auto workers will be cajoled as before into approving yet another sellout contract.

@robertwilcox1749

8 ай бұрын

What do you mean multiple tier system? Those were removed AFAIK besides pensions.

@greanfinisher4014

8 ай бұрын

@@robertwilcox1749 No, the hated two tier system will be retained.

Boycott these companies.

👎 electric cars 😂

FAIN IS ABLE

All three have over 100+ day inventory so business is not booming

@greanfinisher4014

8 ай бұрын

So that should tell you something. Actually, that so-called "strike" was specifically designed to wear the UAW auto workers down to a point where they would almost agree to anything.

Looks like the union got ~10% of what they were asking for. Well done Fain 🤣🤣🤣

@mikeoley13

8 ай бұрын

and Joe is STILL complaining LOL. The corporate greed is outta control and super real.

@thesimulations8900

8 ай бұрын

The raise amount was lowered to 35%. We got 25% and a TON of other wins. The raise is 71% of of the 35%. Not sure how you came up with 10%. I think I know how you did it. You're a clueless rube.👍

@robstark3842

8 ай бұрын

Unintelligent take from someone who thinks they know what they are talking about. Got a 25% raise was only offered 9% week 1 . That sounds like a win to me Wasn't being offered cost of living adjustment (cola) now we get a cost of living adjustment plus our raise that also sounds like a win. Temporary workers now get pumped to 21 an hour they were at 16.50 before strike. We got the right to strike if they close down plants that's huge Parental paid leave first time ever in UAW history 3 year max pay scale b4 strike took 8 years that's a HUGE WIN plus all the benefits and a glorious signing bonus . Lol that's the power of solidarity

@Wolfy615

8 ай бұрын

@@robstark3842we’re about to be making $45 an hour on top of COLA and our increased profit sharing 🤣 I get why people are so jealous they want to bash us and our solidarity it’s so hilarious! Local 862 ✊ We win

@yimb8437

8 ай бұрын

@@robstark3842 how is that restored pension and 32 hour work week working out for you? What about the eliminated tiers?

Not all people want 70 to 100k trucks. Most cant afford that so the most likely will sit... rip big 3

@brunoheggli2888

8 ай бұрын

Buy a basic Ford Maverick !

Who is this reporter chewing cud on his report ? Lmao … not professional at all

@nonenonnenopenonenomorefor5556

8 ай бұрын

Maybe snuff tobacco

Unionize Tesla!!!

@kaseyc5078

8 ай бұрын

Let’s not.

@way2secsy

8 ай бұрын

Its coming

And we all will end up paying more for cars due to this

@Almighty_Hebers

8 ай бұрын

4 to 6 percent is labor cost per unit. My company has cut employees by over 50% since 2000. Your math doesn't math.

@Ultrajamz

8 ай бұрын

I wont because I wont buy a UAW car.

@Almighty_Hebers

8 ай бұрын

@@Ultrajamz It's cute if you think it's actually different

@user-tg5pd8eq5i

8 ай бұрын

You should do your research before saying that a vehicle cost labor is normally under 5% of the cost of the car and then Ford makes $18,000 for a base model for a F250 truck as soon as it comes off the line and they are thousands in the back log.

@vinesthemonkey

8 ай бұрын

not for a foreign car!

Stop buying these vehicles folks

It will be very funny when Ford and go go bankrupt

@danny4684

8 ай бұрын

What is go go? Learn how to spoken!

@xmorse

8 ай бұрын

@@danny4684 you got me!

@dbaldwin

8 ай бұрын

Well you won't be laughing anytime soon. When information breaks the misinformed speak first........

@khloemiller5145

8 ай бұрын

you sound silly

@jacobwatson3781

8 ай бұрын

So, they have seen a 90% profit in last 10 years and CEO pay has increased 300%. To say this will bankrupt the company is just uncommonly silly.

I've seen quite a few UAW shirts at the pro Hamas rallies around the nation. They stand firmly against Israel.

@nonenonnenopenonenomorefor5556

8 ай бұрын

Better keep Israel in your prayers !!! Read Your Bible !!