The United Auto Workers union accelerated its strike Wednesday night in a last-minute move as it ordered nearly 9,000 workers at Ford's largest plant to walk off the job. Ford called the walk-out "grossly irresponsible."
Majority of inflation is largely greedflation, i.e. corporate profit driven not in anyway compensational towards wage costs. Hell even the U.S. Bureau of Labor Statistics agrees.
I expect so, but most corporations aren’t going to roll back and make less money than they do now. I read that the UAW workers want to make $100,000 a year after 4 years on the job. I don’t see how that can make vehicles any more affordable.
Corporations will do whatever they need to maximize profit.
If people had higher standards, businesses would have to meet those standards in order to stay in business.
I don’t see how that can make vehicles any more affordable.
That’s because you’re not paying attention to the people who are making too much profit. They’re having a fat payday because vehicles are expensive and employees are paid peanuts. There’s plenty of room for vehicles to go down in price and employees to get paid more if the people making profit made less profit.
Keep in mind, they will still be making more money than you can ever hope to achieve.
Imagine thinking the automotive industry actively looks for areas to cut the fat and somehow simultaneously you manage to completely ignore the fact dealerships still exist
They aren’t built to be affordable, consumption now is on debt trapping and managing infinite payments (car, house, hell you can take a loan out for a pizza). Shits fucked and it’s fucked whether or not a worker is making an actual wage but I know I’d rather see someone not fully strugglging while doing manual labor for already overpriced cars. i.e. stop criticizing workers for wanting something better with such lib takes that “oh no this will harm my consumptuion that’s already harmed under capital”.
I think the companies already charge whatever they can get away with. They are always going to charge the maximum price they can without losing more money in lost sales.
The workers getting a pay rise would increase the minimum cost they could charge but they already charge the maximum which is what the market will bear. To not do the latter would mean these companies are willingly leaving money on the table
The workers getting a pay rise would increase the minimum cost they could charge but they already charge the maximum which is what the market will bear.
No it wouldn’t. They would simply make very slightly less profit. Christ. Thatcher really did a number on y’all
The minimum cost they could charge is the amount it cost them to make it which would go up but they charge the maximum which is the price that generates the most profit without sacrificing sales therefore a pay rise would mean the company would just have to eat the cost and make less profit
UAW factories don’t make affordable economy cars anyway. In fact, the Big 3 abandoned that segment altogether in favor of higher margin trucks and SUVs. They didn’t choose to strike at the plants that build the Wrangler and Bronco randomly. Chinese EVs are slowly taking over Europe because they offer more car for less money. Our steep tariffs are the only thing preventing a Chinese takeover of the US market that would dwarf the Japanese invasion of the 80s.
It’s still going to affect the whole car market. A truck buyer might switch to a smaller car, limiting those, driving up used car prices. If workers get what they want and we get more appetite for car alternatives, win win.
While I sympathize with the workers wanting more money, I’m not looking forward to new vehicles being more unattainable than they already are.
Hey, buddy. I got some news for you.
Businesses charge what people are willing to pay. Full stop. Not what products cost to produce.
They’re not selling below the production cost. Full stop.
Right. They’re selling as high above the production cost as people are willing to pay.
It’s called ‘maximizing profit.’
Majority of inflation is largely greedflation, i.e. corporate profit driven not in anyway compensational towards wage costs. Hell even the U.S. Bureau of Labor Statistics agrees.
I expect so, but most corporations aren’t going to roll back and make less money than they do now. I read that the UAW workers want to make $100,000 a year after 4 years on the job. I don’t see how that can make vehicles any more affordable.
Something something McDonald’s Whoppers…
Corporations will do whatever they need to maximize profit.
If people had higher standards, businesses would have to meet those standards in order to stay in business.
That’s because you’re not paying attention to the people who are making too much profit. They’re having a fat payday because vehicles are expensive and employees are paid peanuts. There’s plenty of room for vehicles to go down in price and employees to get paid more if the people making profit made less profit.
Keep in mind, they will still be making more money than you can ever hope to achieve.
Imagine thinking the automotive industry actively looks for areas to cut the fat and somehow simultaneously you manage to completely ignore the fact dealerships still exist
What are you talking about?
Try to avoid playing leap-frog with yourself and just say your stance in a direct manner.
Starting off with ‘imagine’ just tells me you’re smug, but not correct.
They aren’t built to be affordable, consumption now is on debt trapping and managing infinite payments (car, house, hell you can take a loan out for a pizza). Shits fucked and it’s fucked whether or not a worker is making an actual wage but I know I’d rather see someone not fully strugglging while doing manual labor for already overpriced cars. i.e. stop criticizing workers for wanting something better with such lib takes that “oh no this will harm my consumptuion that’s already harmed under capital”.
I think the companies already charge whatever they can get away with. They are always going to charge the maximum price they can without losing more money in lost sales.
The workers getting a pay rise would increase the minimum cost they could charge but they already charge the maximum which is what the market will bear. To not do the latter would mean these companies are willingly leaving money on the table
No it wouldn’t. They would simply make very slightly less profit. Christ. Thatcher really did a number on y’all
That’s what I said
The minimum cost they could charge is the amount it cost them to make it which would go up but they charge the maximum which is the price that generates the most profit without sacrificing sales therefore a pay rise would mean the company would just have to eat the cost and make less profit
UAW factories don’t make affordable economy cars anyway. In fact, the Big 3 abandoned that segment altogether in favor of higher margin trucks and SUVs. They didn’t choose to strike at the plants that build the Wrangler and Bronco randomly. Chinese EVs are slowly taking over Europe because they offer more car for less money. Our steep tariffs are the only thing preventing a Chinese takeover of the US market that would dwarf the Japanese invasion of the 80s.
how many cars are you planning to buy this year
If Ford wanted to avoid a strike, they could have simply made a new counteroffer yesterday.
Damn guess the US better start investing in public transport then.
This particular plant is making premium SUVs and pickups, by the sound of it, so already luxury vehicles. It’s not like they’re making economy cars.
It’s still going to affect the whole car market. A truck buyer might switch to a smaller car, limiting those, driving up used car prices. If workers get what they want and we get more appetite for car alternatives, win win.
Did you learn economics 101 from your teevee?
I don’t understand why you get downvoted. How can people not know that a rise in production cost gets passed through to the customer.
When unions are involved you aren’t allowed to point out things like that.