This chapter delves into how the ongoing auto workers' strike in the US could potentially affect President Joe Biden and the economy. It examines the challenges faced by Biden as he strives to balance his support for labor unions with the need to prevent a prolonged strike that could harm the economy, especially in crucial swing states like Michigan. The chapter also highlights the union's focus on securing well-paying jobs in the electric vehicle industry and explores how the success of other union workers in obtaining concessions may have influenced the decision to strike.
On Friday, US auto workers started an unprecedented strike against all three of the legacy Detroit carmakers. If the standoff isn’t resolved quickly, it could ripple through the US economy.
Bloomberg’s Detroit Bureau Chief David Welch joins this episode to talk about what the union is demanding–and whether the companies will give them what they want.
Read more: How Auto Executives Misread the UAW and Ignited a Historic Strike
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