The Number Of Strikes Has Risen Annually: Economic Impact Of UAW Strikes

The UAW is now asking for a mid-30% raise, which is down from 40%, seeking four-year contracts, and seeking the return of a cost-of-living allowance. Ben Emons discusses labor strife and the economy. He talks about union versus non-union wages. He notes that the average number of strikes has risen annually over the last 20 years. He mentions that the UAW is after “pattern bargaining” across industries. He then goes over some reasons for the rising number of strikes, as well as the economic impact of potential UAW strikes. Tune in to find out more about the stock market today.