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UAW-Automakers Negotiations Pit Falling Wages Against Skyrocketing CEO Pay
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Updated On: Sep 258, 2023 |
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 Sept. 14, 2023 | LABOR UNION NEGOTIATIONS | […] The deep roots of the UAW’s current dissatisfaction share much with those taking labor actions to fight back after decades of rising inequality: The pay of typical workers has lagged far behind more privileged actors in our economy, and the reason for this growing inequality is an erosion of workers’ leverage and bargaining power in labor markets. After surveying the recent trends in auto industry wages, corporate profits, and executive compensation, it’s hard to blame workers for standing up now. It’s also clear that the companies have more than enough means to meet worker demands, remain profitable, and make the necessary investments to grow into electric vehicles. Economic Policy Institute Related: Teamsters stand with UAW for a fair contract at Big 3 automakers
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