The United Auto Workers have scored a major victory. And it could be a sign of more to come for workers – unless the Fed undermines them again
The United Auto Workers has scored a major victory. It’s still awaiting a vote by union members, but it’s a big deal – a 25% wage increase over the four and a half years of the contract, cost-of-living increases that will further ratchet up hourly pay, the right to strike over plant closures and a shorter time period for workers to reach top pay.
If the victory ripples across the auto industry and encourages wage increases in other sectors, it will also be a victory for the American middle class.
Robert Reich, a former US secretary of labor, is professor of public policy at the University of California at Berkeley
About Author
More Stories
Nigeria sues crypto giant Binance for $81.5bn in economic losses and back tax
Xi Jinping tells Alibaba’s Jack Ma and Chinese tech chiefs to ‘show their talent’
Hackers steal $1.5bn from crypto exchange in ‘biggest digital heist ever’