The auto strikes ripple effect on America
The auto strikes ripple effect on America
The automotive landscape in America is undergoing a seismic shift as the nation grapples with the transition to electric vehicles and the challenges it presents. A more immediate concern has taken Center Stage: the ongoing strike by Auto Workers.
With the Biden Administration stepping back from mediating between Detroit's Automotive Giants General Motors, Ford Motor, and Stellantis, and the Striking workers, the situation is becoming increasingly dire.
The United Auto Workers (UAW) strike has already resulted in a production loss of approximately 3,200 Vehicles daily. This disruption doesn't just affect the automakers. Auto Parts suppliers stand on the precipice of a financial Abyss with a staggering $38 billion at stake should the strikes widen.
The heart of the matter goes beyond mere numbers. About 12,700 passionate workers have been on strike since the previous week, representing a fraction of the UAW's 146,000 members across these automakers. Their grievance: a wage structure that they believe doesn't reflect the cost of living or the profits these companies reap.
To put things into perspective, while a full-time worker earns between $18 to $32 an hour, the CEOs of these Automotive behemoths took home over $20 million each in the past year.
Meanwhile, our neighbors to the north breathe a sigh of relief. In Canada, Ford Motor and the Juniper Union have managed to find Common Ground, averting a potential strike.
At the law office of Omar Zambrano, we understand these challenges. We specialize in assisting families navigate through financial hardships. If you find yourself overwhelmed by debts or facing Financial uncertainties, we're here to help.
For a free consultation and to explore your options, call us at 626-338-5505.