Striking auto workers want a 40% pay increase—the same rate their CEOs' pay grew in recent years
www.cnbc.com
Autoworker pay at "The Big Three" works on a tiered system, where more recent hires start at lower rates of pay than more tenured workers.
    • FlaminGoku@reddthat.comEnglish
      271·
      1 year ago

      Especially when no cars can be made without the workers whereas that’s not the case if the CEO isn’t there.

      • ALQ@lemmy.worldEnglish
        51·
        1 year ago

        Other than make money and get shit on by the internet, what do CEOs really even do in a day? Read a few proposals, sign a few contracts, golf? I want a side-by-side comparison of the value-per hour the C-suite generates for the business compared to that of its workers. Pay ratio should be a lot closer to that ratio.

        • Cheers@sh.itjust.worksEnglish
          1·
          1 year ago

          Had this conversation at work with my VP. My CEO spends a lot of time lobbying/wining and dining with people about improving healthcare coverage for Americans… but we all know how coverage has been going…

          that’s a tough job… wining and dining everyone for very little progress. Poor guy can’t even afford his own private jet, he has to share it with another CEO.

  • BlapooEnglish
    11·
    1 year ago

    Execs know where they pay they’re requesting will come from. They’re scared shitless of having to downgrade.

  • Potatos_are_not_friends@lemmy.worldEnglish
    7·
    1 year ago

    Seems unfair to punish poor CEOs whose spent blood, sweat, and tears turning a massive profit thanks to abusing workers. They worked really hard on the golf course and eating at expensive fine dining to be able to afford private school for their children and a second summer home. Maybe everyone should just work a few more hours extra and maybe one day, you too can afford a dinner that costs as much as your monthly rent.

  • blindsight@beehaw.orgEnglish
    5·
    1 year ago

    The strike strategy is brilliant, imho. Targeting facilities that make parts needed by other plants will have a multiplicative impact on the employer without costing the union workers as much in lost income.

    Then, looking ahead, I assume that even when they do eventually settle, the employer will need to pay the union workers to come back to work even if they have no parts to assemble. This puts more pressure on the employer to negotiate and bring employee compensation back in line with recent profits.