General Motors, Ford and Stellantis have until Thursday at midnight to strike a deal before their 146,000 unionized workers are set to go on strike.
Time is running out for three major U.S. car manufacturers to reach a new labor agreement with the United Auto Workers union.
General Motors, Ford and Stellantis have until Thursday at midnight to strike a deal with the UAW before its 146,000 unionized workers are set to walk off the job. Last month, union members overwhelmingly authorized a strike against America's"Big Three" automakers, which could cause assembly lines to shut down by Friday.Workers are demanding more paid time off, a 32-hour workweek, a double-digit pay increase, an end to wage tiers, and the restoration of cost-of-living adjustments.
While the Biden administration has expressed optimism that a deal will be reached before Thursday's deadline, an expert told Scripps News he is not as hopeful. Marick Masters, a business professor at Wayne State University who has studied labor issues, says there is a slight chance the two sides can come to an agreement, but"it's going to be difficult for the parties" to settle their differences.
"Over the past 40 years, the top 1% have seen their real wages adjusted for inflation grow by over 200%," Masters said."The bottom 90% have seen their real wages grow by only 28%. That's the reason why they have this push for higher wages. And I think it resonates across the board."A strike could also have major implications for the economy.
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