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That's $603 million, which would have been like $60 million profits shared between 10 investors, who would have sat on that money and let it accrue in their portfolio. Every single worker with an extra $10,000 is spending it in the economy, to cover needs and essentials.
#Union
So for the cost of two hours a month in wages they ensure that people are paid more than enough to make up for that two hours a month vs a non-union job.
I don’t know all the negotiated terms for the UAW agreement obviously, but there are most likely things like maternity/paternity leave, specific requirements for medical benefits coverage, etc. Not to mention other benefits like guaranteed vacation days, sick days, mental health coverage/assistance, that sort of stuff.
Remember that a big part of this strike was because the workers had made concessions during COVID to reduce wages and benefits temporarily, and not even those concessions were not returned after things began to return to normal.
So for the cost of two hours a month in wages they ensure that people are paid more than enough to make up for that two hours a month vs a non-union job.
Then they go and get them $10K on top of that.
Nice.
I don’t know all the negotiated terms for the UAW agreement obviously, but there are most likely things like maternity/paternity leave, specific requirements for medical benefits coverage, etc. Not to mention other benefits like guaranteed vacation days, sick days, mental health coverage/assistance, that sort of stuff.
Remember that a big part of this strike was because the workers had made concessions during COVID to reduce wages and benefits temporarily, and not even those concessions were not returned after things began to return to normal.