Yahoo Finance published this video item, entitled “UAW strike gains support amid concerns of job security and automation” – below is their description.
Auto workers continue to strike against the Big Three Automakers — Ford (F), General Motors (GM), and Stellantis (STLA) — demanding wage increases, pension plans, and other benefits packages. Simultaneously, other labor movements have joined in support of the strike, as well as President Biden who released a statement addressing worker grievances. As support for the United Auto Workers’ (UAW) strike arises, so do concerns centering around job security and automation. Nathan Bomey, Axios Business Reporter, and Journalist-Author Micheline Maynard join Yahoo Finance live anchors Seana Smith and Brad Smith to discuss the struggle between workers and businesses to address the cost-cutting measures of automation while also keeping jobs secure for future workers. Maynard explains that with the advent of EVs, “…you’re not putting engines in them and engines take a lot of components, and so that’s an area where the UAW could easily be looking at job losses.”
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