dfwford
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Also, to your point earlier, $500/week isn't a lot for the tier of workers earning the top rate ($32/hr), and this is without overtime.I don’t think that Strike Fund will last very long.
“ The UAW has more than $825 million in its strike fund, which it uses to pay eligible members who are on strike. The strike pay is $500 per week for each member — up from $275 per week last year.
Assuming 150,000 or so UAW members covered by the contracts, strike pay would cost the union about $75 million per week. A fund of $825 million, then, would cover about 11 weeks. One caveat: that doesn’t include health-care costs that the union would cover, such as temporary COBRA plans, that would likely drain the fund far more quickly.
National or targeted strikes at any of the automakers could be detrimental to business. A 40-day strike against GM during the last round of negotiations in 2019 led to a production loss of 300,000 vehicles, the company said at the time. It also cost the automaker $3.6 billion in earnings, GM said.”
In effect, their net pay would be cut in half at the very least, which would be painful for those already living paycheck-to-paycheck.
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