> Right now United Auto Workers is asking for a 45% pay increase and working 32 hour weeks while getting paid for 40 hours (which is an additional 25% boost (they are certainly not going to produce 40 hours of work in 32 hours). And more.
> This represents a complete disconnect from reality. This kind of thing leads to outsourcing, automation and job loss. Entire industries have already been decimated by this kind of thing.
Do you know what the profit of Ford was for 2022? [1] 23 billion dollars. And how many people does Ford employ? [2] 173,000. That's $132,000 available for ford to pay each of their employees on top of salary they already paid.
Do you know how long it takes UAW's wage increase to take effect? [3] 4 years. (or roughly a 10% increase in pay each year).
Do you know what the ultimate max salary asked for is? [3] $47/hr or $75k/year
So you are saying a company that made enough profit (that is, revenue - expense, which includes employee wages) to give each of their employees a lump $132,000 bonus in 2022 couldn't afford 10% salary increases for the same employees over 4 years?
You should really sit down and do the math on this stuff. There's monied interest by car manufactures to paint this as uncharitably as possible. So of course you are going to see articles where these poor multi-billion dollar companies are just scraping by... with record profits.
[1] https://www.macrotrends.net/stocks/charts/F/ford-motor/gross...
[2] https://www.macrotrends.net/stocks/charts/F/ford-motor/numbe...
[3] https://abcnews.go.com/Business/day-workweek-46-raise-uaw-ma...
> This represents a complete disconnect from reality. This kind of thing leads to outsourcing, automation and job loss. Entire industries have already been decimated by this kind of thing.
Do you know what the profit of Ford was for 2022? [1] 23 billion dollars. And how many people does Ford employ? [2] 173,000. That's $132,000 available for ford to pay each of their employees on top of salary they already paid.
Do you know how long it takes UAW's wage increase to take effect? [3] 4 years. (or roughly a 10% increase in pay each year).
Do you know what the ultimate max salary asked for is? [3] $47/hr or $75k/year
So you are saying a company that made enough profit (that is, revenue - expense, which includes employee wages) to give each of their employees a lump $132,000 bonus in 2022 couldn't afford 10% salary increases for the same employees over 4 years?
You should really sit down and do the math on this stuff. There's monied interest by car manufactures to paint this as uncharitably as possible. So of course you are going to see articles where these poor multi-billion dollar companies are just scraping by... with record profits.
[1] https://www.macrotrends.net/stocks/charts/F/ford-motor/gross...
[2] https://www.macrotrends.net/stocks/charts/F/ford-motor/numbe...
[3] https://abcnews.go.com/Business/day-workweek-46-raise-uaw-ma...