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"The 40% raise that the UAW is asking for (and that the CEOs are saying is so unreasonable) would move workers’ wages to where they would have been had COLA been in place since 2008." (freethoughtblogs.com)

submitted 11 months ago by [email protected] to c/[email protected]

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cross-posted from: https://sh.itjust.works/post/5616578

"The money is absolutely there, and anyone claiming this would bankrupt the companies is lying."

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[–] [email protected] 10 points 11 months ago

Honestly they should apply the same CPI-wage index that social security/va pensions use to all means based testing and social nets.

[–] [email protected] 10 points 11 months ago

Isn't that 40% over the next five years or so? I mean, inflation last year was like 8%, so it's probably actually not going to do much except keep pace or maybe move them slightly ahead of where they are now.

[–] [email protected] 8 points 11 months ago

So they aren't even asking for a raise just to get back to where they would be at if they didn't sacrifice to save the company? And people are calling that unreasonable? Yet they don't care about how large the executive compensation packages are.

[–] [email protected] 6 points 11 months ago

Didn't the CEOs get 40% raises during covid AND the companies manipulated..er..bought back their stock?