Odd Lots

Steven Rattner on the UAW Strike and the Challenges of Bidenomics

5 snips
Sep 22, 2023
Steven Rattner, former auto task force leader under Obama and CEO of Willett Advisors, shares insights on the UAW strike and its implications for labor and the auto industry. He discusses the balance between labor demands and the transition to electric vehicles, emphasizing the challenges faced by traditional automakers. Rattner also explores how current negotiations connect to historical concessions and the broader goals of Bidenomics, particularly in boosting domestic manufacturing and addressing competitive pressures in the global market.
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ANECDOTE

2009 Auto Bailout Concessions

  • In 2009, the UAW made concessions to save the auto industry.
  • These concessions were relatively small compared to their current demands.
INSIGHT

Impact of 2009 Concessions

  • The 2009 UAW concessions mainly impacted new hires, not established workers.
  • Concessions included lower pay for new hires and changes to healthcare and job security.
INSIGHT

Negotiating Styles Then and Now

  • The 2009 UAW negotiations were more cordial than today's.
  • Then-president Ron Gettlefinger was viewed as reasonable, unlike current president Sean Fain.
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