A new analysis presented to the Automotive Press Association today by consulting firm Anderson Economic Group (AEG)* estimates that a strike on all three automakers by 143,000 United Auto Workers (UAW) members could result in a total economic loss of more than $5 billion after 10 full days. The UAW contract expires on 14 Sept, and it covers 150,000 autoworkers at Ford, General Motors and Stellantis. Wage losses if a strike occurs are at ~$859 million. AEG calculated the total economic loss by estimating potential losses to UAW workers, the manufacturers, and to the auto industry more broadly if negotiations are not successful before the current contract expires in September.
“When the UAW went on strike against GM in 2019, Michigan experienced a single quarter recession,” said Patrick Anderson, AEG’s principal and CEO. That strike, which involved 48,000 workers at more than 50 plants, lasted six weeks. In 2023, there appears that at the moment there is the potential that a strike could involve more manufacturers, workers and plants, which makes theoretical comparisons difficult until there are more data points. “If that (all makers are struck) happens, even a short strike would impact economies throughout Michigan and across the nation,” said Anderson.* Continue reading →
Republicans Increasing Support of IRA Climate Perks?
As the Inflation Reduction Act continues to be applied across the US voters strongly support the awakened Biden Administration’s industrial and climate policies included in this earth saving and US economy protecting legislation. Nevertheless, there still remain resistance and Republican threats (The only tool the Grand Old Party has?) to parts of the IRA. (AutoInformed: Inflation Reduction Act Birthday – Changes Needed; EPA Celebrates Inflation Reduction Act Anniversary)
Surprising then to AutoInformed is the latest research from Data for Progress (DPA)* that shows strong IRA support across partisan lines. Maybe the beating the Republicans (aka party of no hope) took in the midterms is beginning to have some corrective affect? Likely not at the upper levels of the party, however their Red Wave is waving bye, bye to them here. The people appear to get it. Maybe they (We The People) should dissolve the Republican leadership and elect a new one? Continue reading →