LOL UAW demands

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Logos Stick
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8:44a, 9/10/23
They are demanding a 40% pay increase. Thats a lot for uneducated and unskilled labor.

"A Wells Fargo analyst estimated that if all UAW demands passed, the average hourly labor costs for the Detroit companies would soar from about $66 per hour to $136 per hour"


Compare to Tesla:

"Elon Musk's company is estimated to shoulder about $45 in hourly labor costs, including benefits,..."


In addition:

"They are also demanding 40 hours of pay for a 32-hour workweek,..."



The Tension Driving the UAW Strike Threat https://www.wsj.com/articles/the-tension-driving-the-uaw-strike-threat-75e04119
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zoneag
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8:45a, 9/10/23
So we'll see $150k F150 King Ranch Editions soon? Available financing for 240 months
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DrEvazanPhD
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In reply to zoneag • 9:05a, 9/10/23
zoneag said:
So we'll see $150k F150 King Ranch Editions soon? Available financing for 240 months


Then when ford moves no product…
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Trajan88
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In reply to Logos Stick • 9:09a, 9/10/23
AG
The auto I want is $60,000 today.

Price would jump to a level that would price me out for sure.

Good luck with all that Detroit.
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evan_aggie
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9:09a, 9/10/23
AG
Honestly I'm jealous of union bargaining power. Basically you can manipulate the free market and contort wages. In some cases the job demands and skill is highly specialized (pilots), but in many cases it's not.


This is how some teachers in Illinois retire getting $100,000 a year after 25-30 years working. I'm at 20 years and there is no way my 401K is set to return 6-figures guaranteed if I retire at 58-60.
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tremble
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In reply to evan_aggie • 9:10a, 9/10/23
AG
It works until it doesn't. See the move of many of manufacturers to non-union states
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AtlAg05
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In reply to zoneag • 9:11a, 9/10/23
AG
zoneag said:
So we'll see $150k F150 King Ranch Editions soon? Available financing for 240 months


Guess what that does to insurance rates…
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80085
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9:11a, 9/10/23
AG
plenty of stuff left to automate, and this will shift the roi to justifiable levels
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Logos Stick
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In reply to tremble • 9:13a, 9/10/23
tremble said:
It works until it doesn't. See the move of many of manufacturers to non-union states


Yes, but the NLRB has now changed the way unions can be formed, almost guaranteeing that the plants in those states will be unionized.

The manufacturers will have to offshore, which means loss of jobs.
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YouBet
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9:32a, 9/10/23
AG
Yeah, I posted about this last week. He's merely copying the 40%+ wage increases all of the major airlines have recently given to their pilots.

And he's doing this across all auto manufacturers at the same time which is unprecedented. Get ready for $100K trucks as the norm.

Combined with the Marxist NLRB changes which they can't really do but will get away with it anyway means you are about to have profitability and innovation stagnate while costs skyrocket everywhere.

Inflation is transitory.
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Sid Farkas
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9:36a, 9/10/23
AG
This deal is supported by the Biden administration, who at the same time says they want to get inflation under control.
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Logos Stick
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In reply to Sid Farkas • 9:37a, 9/10/23
Sid Farkas said:
This deal is supported by the Biden administration, who at the same time says they want to get inflation under control.


And are also forcing a transition to EVs. The manufacturers are telling the union they need the profits to make the transition. LOL.
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UTExan
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9:39a, 9/10/23
UAW digging their own graves. Biden probably laughs at their absurd demands behind their backs while publicly giving cheap lip service to them.
“If you’re going to have crime it should at least be organized crime”
-Havelock Vetinari
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YouBet
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9:42a, 9/10/23
AG
And when they get underwater from all of this, they will simply get bailed out by the government. We already have subsidies in place for EV's and they are still losing their ass on making EV's.
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AgCat93
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In reply to AtlAg05 • 9:44a, 9/10/23
AG
AtlAg05 said:
zoneag said:
So we'll see $150k F150 King Ranch Editions soon? Available financing for 240 months


Guess what that does to insurance rates…


Begs the question: Are the insurance companies in cahoots with the UAW?
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Charpie
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9:58a, 9/10/23
AG
The big 3 aren't going to budge. They have been preparing for this for months.
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AgResearch
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In reply to Charpie • 10:02a, 9/10/23
AG
Charpie said:
The big 3 aren't going to budge. They have been preparing for this for months.


Unless they're prepared to break the UAW and bring in non-union workers, then they will fold like a newspaper.
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pacecar02
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10:02a, 9/10/23
At current truck prices, people ought to consider going custom and getting an older car/truck redone and customized

60k can go a hell of long way in a reasonably appointed custom car/truck
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riverrataggie
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In reply to AgResearch • 10:05a, 9/10/23
AG
AgResearch said:
Charpie said:
The big 3 aren't going to budge. They have been preparing for this for months.


Unless they're prepared to break the UAW and bring in non-union workers, then they will fold like a newspaper.


NYC should start busing 'people' to Detroit.
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tremble
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In reply to Logos Stick • 10:06a, 9/10/23
AG
Logos Stick said:
tremble said:
It works until it doesn't. See the move of many of manufacturers to non-union states


Yes, but the NLRB has now changed the way unions can be formed, almost guaranteeing that the plants in those states will be unionized.

The manufacturers will have to offshore, which means loss of jobs.


Absolutely zero chance those changes survive legal scrutiny by this Court.
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Charpie
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In reply to AgResearch • 10:08a, 9/10/23
AG
AgResearch said:
Charpie said:
The big 3 aren't going to budge. They have been preparing for this for months.


Unless they're prepared to break the UAW and bring in non-union workers, then they will fold like a newspaper.


Two of the big three are my clients. They are not folding. They have been preparing for this since the beginning of the year. They let the UAW go on strike in 2018 and they will let them do it again.

Did you see this piece from the UAW? GM offered up some sort of offering to which the UAW scoffed at


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YouBet
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In reply to Charpie • 10:17a, 9/10/23
AG
In and of itself, restoring pensions would destroy the companies. They are simply unaffordable pyramid schemes.
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Charpie
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In reply to YouBet • 10:20a, 9/10/23
AG
YouBet said:
In and of itself, restoring pensions would destroy the companies. They are simply unaffordable pyramid schemes.


Exactly.

Don't get me wrong. The big three are monolithic and full of divisions that inefficient and don't talk to one another. That benefits their vendors..a lot. However, they can't just roll on this. They won't. They are prepared to shut down for a few weeks at least.
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oysterbayAG
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10:27a, 9/10/23
AG
" If something cannot go on forever it will stop "-------------------- Economist Herbert Stein
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richardag
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In reply to Logos Stick • 10:35a, 9/10/23
Logos Stick said:
tremble said:
It works until it doesn't. See the move of many of manufacturers to non-union states
Yes, but the NLRB has now changed the way unions can be formed, almost guaranteeing that the plants in those states will be unionized.

The manufacturers will have to offshore, which means loss of jobs.
Step one will be U.S. manufacturing will move offshore.
Step two will be the Democratic Party leadership penalizing US Manufacturers through the IRS and import regulations.
Step three will be the Democratic Party leadership imposing tariffs on all imports except EVs.
Step four the Democratic Party leadership cashing in all their laundered quid pro quo/bribery and corrupt schemes.
Among the latter, under pretence of governing they have divided their nations into two classes, wolves and sheep.”
Thomas Jefferson, Letter to Edward Carrington, January 16, 1787
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Kansas Kid
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In reply to YouBet • 10:36a, 9/10/23
YouBet said:
In and of itself, restoring pensions would destroy the companies. They are simply unaffordable pyramid schemes.

And if that doesn't do it, the return of post retirement health care will.

This strike should be what pushes the US economy into full blown recession.
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bmks270
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10:36a, 9/10/23
AG
Union is becoming a vampire that will suck the auto companies dry until they die.

Do they not realize the companies have a balance sheet?
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aggiez03
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In reply to zoneag • 10:40a, 9/10/23
AG
zoneag said:
So we'll see $150k F150 King Ranch Editions soon? Available financing for 240 months
Even better, we'll see $150k F150 ELECTRIC King Ranch Editions, Available financing for 240 months, with a battery life of 96 months.

Talk about being upside down on a vehicle.

Zero value once the batteries fail.
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Ribeye-Rare
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In reply to YouBet • 10:46a, 9/10/23
AG
YouBet said:
Inflation is transitory.
Is that guy still in the witness protection program?
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YouBet
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In reply to Ribeye-Rare • 10:57a, 9/10/23
AG
Ribeye-Rare said:
YouBet said:
Inflation is transitory.
Is that guy still in the witness protection program?
Should at least be in the corner with his dunce cap on.
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aezmvp
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In reply to aggiez03 • 11:02a, 9/10/23
And a 20k minimum repair bill for the batteries.
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aggiez03
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In reply to aezmvp • 12:07p, 9/10/23
AG
aezmvp said:
And a 20k minimum repair bill for the batteries.
Yep, this is where things are headed...

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Manhattan
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In reply to aggiez03 • 12:57p, 9/10/23
More like you can generate your own electricity at home and not rely on others for transportation.
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Logos Stick
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In reply to Manhattan • 1:08p, 9/10/23
Lol, Manhattan has figured out how to defeat the first law of Thermo. Manhattans new two teas first law of thermo...

Delta E <> q + w
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aggiez03
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In reply to Manhattan • 1:10p, 9/10/23
AG
Manhattan said:
More like you can generate your own electricity at home and not rely on others for transportation.
Please expound...

You have a nuclear reactor at home?
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