The Looming UAW Strike

Рет қаралды 8,062

10 ай бұрын

Steve Rattner, Willett Advisors Chairman & CEO discusses auto workers unions. He speaks with David Westin on "Wall Street Week Daily."
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Пікірлер: 131

@showersyko228 10 ай бұрын

Steve is a mouthpiece for the rich

@steamintrumpstains 10 ай бұрын

steve Ratface kisses corp arsses

@JustTryingToInnerstandYou 10 ай бұрын

You said a mouthful right there. On point my brother.

@armonharris8498 10 ай бұрын

Listening to these people say that we will destroy the economy by making money that we had previously is mind blowing… the auto market has been at its best ever, union workers gave up concessions years ago to save company’s but now the companies dont want to give half back of what was given. It’s sad

@ScottAllenFinance 10 ай бұрын

I don't think it's sad, I think it's perfectlt illustrative of the flaws inherent in the capitalist model, and in that sense, it will likely expose many people to and get them thinking about these types of concerns. This is what it comes down to: the struggle between ownership and labor and how each can be FAIRLY compensated to motive each to maximize productivity. The notion that productivity would be seriously impacted by more paid holidays seems silly to me when benefits like an enhanced holiday calendar and generous sick leave time foster a happier workplace with well rested, motivated workers who feel some semblance of appreciation from their employer. The guest in this segment seems absolutely colorblind to that, but it's not a surprise at all. In summary, I believe the more that corporate NPCs like this Bloomberg guest drone the same played-out excuses, the more middle/working class people will start to organically ask these questions and maybe, just maybe, we can finally begin get the critical mass necessary to actually change things in this country.

@steamintrumpstains 10 ай бұрын

WE BAILED OIT THE BIG 3 CORP HOES, now its time to BAIL OUT THE WORKERS

@JustTryingToInnerstandYou 10 ай бұрын

Time to Rally hard and truly UNITE! THIS IS OUR 2008! FIGHT FIGHT FIGHT 👊🏻

@dvdv8197 10 ай бұрын

RECORD PROFITS = RECORD CONTRACTS END TIERS BRING BACK COLA END 'SUPPLEMENTAL' WHICH ACTUALLY MEANS FULL WORKERS BUT UNDERPAID AND UNDERVALUED!! 😤😤😤😤 In solidarity with all Workers ❤️

@Michael-fl1tm 10 ай бұрын

UAW, unions against work!

@dvdv8197 10 ай бұрын

@@Michael-fl1tm Michael fl1tm : Finally lost 1 too many.

@Michael-fl1tm 10 ай бұрын

@@dvdv8197 in solidarity with the auto companies. 🇺🇲👍

@cagadd02 10 ай бұрын

It's called holding companies and executives accountable for all the greed the past 10 years!

@steamintrumpstains 10 ай бұрын

TRUE GREEDY CORP HOES, did not share profits, not the ECONOMY IS OUT OF BALANCE..facts

@JustTryingToInnerstandYou 10 ай бұрын

Preach my brother.

@TheKrazyKevanshow 10 ай бұрын

We don’t want rich people narrating our issues. This is the problem now the people need to have a voice. Our voice is not censored anymore and we are going to get MORE. Our Families Matters

@khamisikinney1842 10 ай бұрын

They deserve a fair contract. If the consumer suffers it's because greedy corporations are raising prices.

@steamintrumpstains 10 ай бұрын

TRUE sharing corp profits with workers and consumers is called a REBATE facts

@Vnexpress1203 10 ай бұрын

Protect the middle class!

@axx6435 10 ай бұрын

They only talk about wage inflation for those at the bottom. There’s never a mention of it when CEOs and executives get raises.

@steamintrumpstains 10 ай бұрын

the greedy CORP HOES EXEC ALWAYS STEEL THE PROFITS FOR THEMSELVES facts

@lushlife6864 10 ай бұрын

Be afraid! Workers want a cut of profits they create

@jayp4114 10 ай бұрын

Only to eventually replaced by Robots.

@WarEagleGaming 10 ай бұрын

@@jayp4114 even Elon Musk said robots can't do some of the assembly line jobs half as fast as people do. He himself admitted his fully automated assembly line was a failure.

@pringusdingus 10 ай бұрын

Beyond their ability to meet? Brother most of the demands are just asking for concessions made in 08 to be returned, as in things the workers already had but gave up to aid the big 3 with the pinky promise that they'd give them back one day. Now the big 3 are making more money than ever and saying they can't afford to return those things lol.

@hyphydan 10 ай бұрын

Boomers and Union sold out new hires in 08. Now that they all retired the Union is singing a different tune. But they help create this to satisfy boomer nearing retirement in 08!

@steamintrumpstains 10 ай бұрын

SHUT UP STUPID@@hyphydan GET AN EDUCATION

@primurph 10 ай бұрын

Does Bloomberg have someone speaking on behalf of the workers since they’ve had this Steve guy to give the anti worker side of the story ?

@muhammadj8424 10 ай бұрын

Union workers at the Big 3 auto plants deserve a 40 percent raise because their dedication and hard work have contributed significantly to the companies' success. They've consistently met high production standards and adapted to industry changes. Meanwhile, reducing the CEO's pay is essential to promote income equality within the company, ensuring that the rewards are distributed more fairly among all employees and acknowledging the crucial role of the workforce in achieving profitability.

@jerrypauling7809 10 ай бұрын

Problem is the average family cannot afford the auto's anymore and we the taxpayers don't want to fund any bail outs when you fall of the cliff

@muhammadj8424 10 ай бұрын

@@jerrypauling7809 WASHINGTON, June 23 (Reuters) - United Auto Workers (UAW) union President Shawn Fain on Friday harshly criticized the U.S. Energy Department plan to lend $9.2 billion to a joint venture of Ford Motor (F.N) and South Korea's SK On to build three U.S. battery plants. Fain called the loan a massive "giveaway" with "no consideration for wages, working conditions, union rights or retirement security" that would help create low-paying jobs 👆Look

@Coinpease 10 ай бұрын

@@jerrypauling7809we can't afford cars anymore because wages didn't follow productivity. If you want 1970 wages you'd have to double everyone's wages and we have to pull out of this bs notion that consumers and workers are different people. Ford got it. These guys forgot.

@mickjames666 10 ай бұрын

😂

@mickjames666 10 ай бұрын

And the big 3 make shit automobiles.

@Afroditeknows 10 ай бұрын

Im sorry, didn't FORD's CEO say they made 110k a year in his OP-ED last month in the Detroit Free Press. Now you want them to take a contract for 92k. GTFOH! 40% or Bust

@dvdv8197 10 ай бұрын

Oh and 90k is WITH OVERTIME AS IF EVERYONE WANTS TO WORK THOSE! 😤😤😤😤

@hyphydan 10 ай бұрын

They said average and probably doesn't even include "Full Time Temps". Its Legal trickery

@PlayWaves1 10 ай бұрын

The price increases are feasible, it's the other stuff he wants to add on that aren't. Notably 32 hour work weeks and full free retiree paid healthcare. Those are privileges that literally nobody in America gets.

@dvdv8197 10 ай бұрын

@@PlayWaves1 really 'literally nobody'? Guess again, or do some research.

@pauliewalnuts7088 10 ай бұрын

Bout ready to cancel my new truck order over this

@christinapittman7565 10 ай бұрын

No paycuts but new hires, such as myself, don't make a living wage and have second tier healthcare.

@dvdv8197 10 ай бұрын

Hope you get what you're due!! 🙏🙏

@hyphydan 10 ай бұрын

Older workers sell out the younger workers and Unions bosses go along with it. Just because they are nearing retirement. There is no worker solidarity.

@jimabner2775 10 ай бұрын

CEO gets 29 million, another year 28 million cashing in 74 million dollars of stock

@tiffanylarie 10 ай бұрын

The Ram truck is built in Mexico with far cheaper labor but the price has inflated ridiculously. So miss me with that wage talking point. They really think we're stupid.

@neoasura 10 ай бұрын

Because a lot of people are, you see it in the comments where people say "Oh great, the cost of new vehicles are going to go up thanks to their demands" as if they haven't been going up anyways.

@normalizedaudio2481 10 ай бұрын

CEOs get paid too much.

@Michael-fl1tm 10 ай бұрын

Any high School dropout can do factory work, unskilled workers are paid too much. UAW, unions against work

@mickjames666 10 ай бұрын

Uaw is a joke. Over paid employees to have a robot do most the work.

@hammer-fn7gm 10 ай бұрын

The elephant in the room is that the average person cannot afford a new car.

@ronmexico5908 10 ай бұрын

The reason electricians don't do millwright work are the same reasons accountants don't do crank position sensor design. GTFOH with work restrictions talk

@neoasura 10 ай бұрын

As someone in the trades, its funny hearing guys like this talk about trades as if they are interchangeable.

@paulcanady8849 10 ай бұрын

Fear is his tool kit

@paladro 10 ай бұрын

not the best person to interview, he's financially invested in gm, as per his own adimission after several minutes of trying to play moderate fence sitter.

@virgomoon6400 10 ай бұрын

Solidarity with the workers. Nothing scary about justice for the working class!

@tomabbott5815 10 ай бұрын

Pay raise? 6% in the last 15 years is nothing compared to inflation

@user-de3ry9wu4v 10 ай бұрын

Gimmie a break.

@willyhwang1059 10 ай бұрын

they are going to china

@khamisikinney1842 10 ай бұрын

Wage inflation comes from the top. Who makes the most money? CEO'S not auto workers.

@7782937 10 ай бұрын

Nobody ever mentioned a 4 hour week

@khamisikinney1842 10 ай бұрын

Rattner you have lost your mind and you sir have never worked in a manufacturing plant. I thank God for Shawn Fain. Union strong all day. This guy is rich what does he care about our pay checks and wages.

@Michael-fl1tm 10 ай бұрын

UAW, unions against work!

@mickjames666 10 ай бұрын

Uaw is a joke. American cars are garbage.

@jordangaudio6729 10 ай бұрын

None of these clowns can Imagine giving the working man (the people that really keep the world running) a fair share

@TheKrazyKevanshow 10 ай бұрын

OFM!! Our Families Matter!!

@mfjh505 10 ай бұрын

This is just going to accelerate ai and more automation with manufacturers. Higher cost means higher prices for vehicles. The big 3 have an inventory glut already.

@markburn4943 10 ай бұрын

This is great I hope they strike.....pay those people the money they deserve 👏 no working class American who works hard everyday should have to struggle just to have the bare necessities while 10 people on the board make billions in salary bonuses and stocks

@markjou9799 10 ай бұрын

If anything they atleast need to give an inflation raise since the last contract in 2019. If you look at September 2019 until now, inflation is minimum 25%. Now Ford was only offering 9% which is a slap in the face.

@anthonyalexander7246 10 ай бұрын

All lies

@dvdv8197 10 ай бұрын

The test of our progress is not whether we add more to the abundance of those who have much, it is whether we provide enough for those who have too little. - FDR AUW Workers are in the latter category!!

@paladro 10 ай бұрын

you only listed one category

@dvdv8197 10 ай бұрын

@@paladro aww man. Such a failure. I wonder where the other part of that quote went! Thanks for pointing it out!

@dvdv8197 10 ай бұрын

@@paladro I fixed it. What a total eff up. 😅🤣

@johnnyrotten98 10 ай бұрын

They don't have the balls to strike

@redst9364 10 ай бұрын

Well Steve as long as your making money that's all that counts screw everyone else I guess

@marengoczar5035 10 ай бұрын

I have to say car prices have went up 20% over the last two years...and didn't you have record profits? Some of the ask are ridiculous as most are

@anthonyalexander7246 10 ай бұрын

YOU SLICKSTERS STICK TOGETHER, YEA REAGONOMICS, 2.0

@jayp4114 10 ай бұрын

GM's bailout by Obama was used to open factories in China.

@4reallydo 10 ай бұрын

is this Rattner drunk?

@hyphydan 10 ай бұрын

The Unions created to two-tiered system because boomers nearing retirement age in 2008 insisted they get their COLA and Pension increases. So the Unions and membership sold out new hires! Now that Fulltime "Temps" and New hires outnumber those hired before 2008, they have the power to speak up. Its hugely unfair to be paid half or even 1/3 of your coworkers for the same exact work simply based on Seniority.

@RickyCorona 10 ай бұрын

Get educated no one sold you out. We was going bankrupt.

@hyphydan 10 ай бұрын

@@RickyCorona instead of a pay cut you guys stole it from future employees

@steamintrumpstains 10 ай бұрын

LIAR corp hoes created to 2 tier hiring sysytem facts STUPID

@steamintrumpstains 10 ай бұрын

the GREEDY@@hyphydan CORP HOES STOLE THE PROFITS for themselves DUMMY

@EDMusicEnt. 10 ай бұрын

They’re assuming the newbies will commit for 30yrs without the previous long term incentives to commit. What they’ll eventually get is a revolving door workforce that’ll give them quality and recall headaches. Something for nothing is unacceptable, especially when you consider the number of plants that have closed resulting in a much smaller workforce and the number of retirees that are deceased, drop dead prior, or have a very short retirement because they’re bodies are broken and filled with years of weld and paint fumes, etc. Hence If the Big 3 are expecting a 3rd world worker mentality they can move there, I’m sure their customers won’t approve in todays MAGA climate.

@neoasura 10 ай бұрын

Its funny, in our plant, the higher ups literally had a meeting with us workers asking what they can do to keep the temps, apparently they have too many that want to quit by lunch time, and they are scratching their heads, we told them exactly what they could do...but they were pulling the "Well...is there anything we can do BESIDES that?"

@kingbey8405 10 ай бұрын

Exactly what does a CEO's do at a company to make 25million a year? Keep in mind, they dont wanna pay their employees a fraction of that....like why? I think its because their good at exploited labor....meaning their good at not paying the employees, so the shareholders reward them.....great products sells themselves, CEO's don't build anything....they just order, critique, make the final say.....how is that worth 25mil a year? And at GM the 25 is just bonuses not salary 😅 so someone explain this????

@barneysamples3600 10 ай бұрын

DONT SEND OR PRODUCTS OVER THERE

@Marlonomics 10 ай бұрын

good, bring back the middle class.

@TheKrazyKevanshow 10 ай бұрын

You keep talking about how raising wages will effect inflation, well what about the effects of keep wages stagnant and the employees suffering under high cost of the ever changing economy. Let’s have high Cola, higher bonuses and guaranteed health care. We should not suffer while the executives eat lavishly and enjoy times with their families. We not getting their crumbs we are getting what they have obviously to throw away

@anthonyclark1517 10 ай бұрын

Where did they get this guy??? Everybody on earth would make 5 bucks an hour if it was up to him and his buddies 😂

@dmillionaireTV 10 ай бұрын

20 cent raises aint shit steve

@t0mq 10 ай бұрын

More money to optimize a bad system....

@PeterMaranci 10 ай бұрын

American CEO pay has risen by 1,322% since 1978. The wages of the typical worker rose by 18% in that same time period. Meanwhile inflation has increased the price of goods by $4.78 for every 1978 dollar. Translation: the rich have been getting ENORMOUSLY richer, and working people are now desperately poor. But keep telling us that a 46% pay raise is "unreasonable". Guillotines are cheap to make.

@andrewvare3173 10 ай бұрын

Sorry Rattner, you are not arguing for international competitiveness issues. We are deglobalizing financial people actually need to produce something now.

@paulrusso1120 10 ай бұрын

Come on man, CEO's gave themselves a 40% raise over the last few years and nobody said a damn thing. Then you cry giving auto workers a raise will contribute to inflation. Maybe, if the CEO's like Miss Mary didn't need to make 200 million the last decade, there could have been some cost saving in the price of a vehicle.

@Rebelmom 10 ай бұрын

He just stated they asked for a 32 hour workweek then stated they asked for a 4 hour week. We're supposed to believe they asked for a 4 hour week? BTW husband hired in as full time dec 2022 18.04 an hour. Only decent thing about it is the health insurance at no premium. Saves us 400 a month. The companies talk about absenteeism - when pay is that little, you aren't exactly enticing those with good work ethic.

@neoasura 10 ай бұрын

Its a negotiating tactic, ask for the moon. What we really want is a 40 hour work week, most of us have been on mandatory time going on seven years now. 32 hours is unrealistic, but we just want our 40 hours back.

@playerpres8 10 ай бұрын

I wouldn't want an electrician fixing a toilet... This guy is hilarious "I'm all for unions... but" haha right there we know you're full of B.S.

@chobson8602 10 ай бұрын

Trumpsters every one of em EVs are the future get with the times!!!!

@pzdf8v 10 ай бұрын

The UAW is just another reason to buy foreign.

@beeel6383 10 ай бұрын

Your statement makes NO SENSE. Your parents must be rich.

@mickjames666 10 ай бұрын

Unions are garbage

@captainbeyond4350 10 ай бұрын

I'm not saying they don't deserve something, but you know who's going to pay for this. The consumer. Now your 100,000 dollar truck cost 150,000 dollars. It's like that at MacDonalds my big Mac is now 11.00