The big 3 made over $21 billion in profits in the first half of this year. This isn't about fighting over scraps, it's about fighting for a fair share of the wealth produced by workers.
There's also exec comp, stock buybacks, dividends, etc. If you believe unions can help shift wage inequality, net profits isn't the only bucket to draw from.
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The big 3 made over $21 billion in profits in the first half of this year. This isn't about fighting over scraps, it's about fighting for a fair share of the wealth produced by workers.
That's gross profit, which doesn't mean cash.
The profit was about 4b which, okay let's give everyone in UAW a share of that and... Oh it's so small that it doesn't fix anything?
There's also exec comp, stock buybacks, dividends, etc. If you believe unions can help shift wage inequality, net profits isn't the only bucket to draw from.
The big 3 also had $354 billion in debt. Will workers pay that down too?