Careful What You Wish For, Democrats... Derek Hunter

[mystery-ak]

Careful What You Wish For, Democrats
Derek Hunter
5–6 minutes

Remember the UAW strike last year? They wanted huge raises and benefits because, well, who doesn’t? Democrats rallied around them, the White House took their side and, ultimately, they won. Now, that “victory” is turning into what anyone with a brain could see coming: a future defeat.

The Wall Street Journal ran a headline, “Robots Are Looking Better to Detroit as Labor Costs Rise.” Who could have predicted such a thing? Anyone, everyone. It’s as easy as “predicting” the sun will rise in the east.

“While automakers have been moving to automation for some time, rising labor costs are poised to accelerate the adoption of such technologies, said Laurie Harbour, president of Michigan manufacturing consulting firm Harbour Results,’ the Journal reports.

The new UAW contracts brought with them 25 percent raises which, the Journal reports, “were richer than they (the auto companies) had planned for, and they are strategizing ways to blunt the increased costs.”

What will this mean for consumers? The Journal answers, “Ford said the new terms would add about $900 in cost per vehicle by the time the contract expires in early 2028. GM executives pegged the hit from richer labor contracts during that period at roughly $500 a vehicle.”

So, they “won” a raise and will lose their jobs. Congratulations?

more
https://townhall.com/columnists/derekhunter/2024/01/16/careful-what-you-wish-for-democrats-n2633659

[The_Reader_David]

Always remember as Thomas Sowell observed, the actual minimum wage is zero:  what you get when you don't have a job.

[LMAO]

This is why I think most things should be taken out of the hands of the federal government and privatized were feasible

The public sector becomes bloated and inefficient, but yet becomes more powerful despite incompetencies

That doesn’t work in the private sector. They have to adapt to economics and mathematical reality.

[unite for individuality]

What will this mean for consumers? The Journal answers, “Ford said the new terms would add about $900 in cost per vehicle by the time the contract expires in early 2028. GM executives pegged the hit from richer labor contracts during that period at roughly $500 a vehicle.”

The worst part about the new UAW contract is,
it includes COLAs - Cost Of Living Adustments.
Over the next five years, the wages get increased 25%
PLUS additional raises based on inflation!

This is EXACTLY what happened in the late 1970s!
The union contracts made the prices go up,
which made the wages go up,
which made the prices go up,
which made the wages go up,
etc.!
A key part of ending the economic disaster of the late 1970s
was getting rid of the COLA increases in the union contracts!

Some economists say that the economy runs in a 50 year cycle.
This is why!  One generation makes a stupid mistake,
and suffers the consequences.
Some of them learn from the mistake.
But then that generation dies out,
and the next generation makes the same stupid mistake!