UAW Autoworkers Demand Return of COLA Clause Amidst Growth Concerns

Unions like the United Auto Workers (UAW) are demanding the reinstatement of cost-of-living adjustments (COLAs) in contracts as Americans struggle with high inflation. COLAs, which ensure that wages keep up with inflation, were once common in union contracts but have faded in recent decades. The UAW, currently in negotiations with automakers, has stated that it will not accept a contract without a COLA. While data on the prevalence of COLAs is limited, experts believe that if the UAW secures a COLA provision, it could set a new standard for other union contracts. The future of COLAs depends on inflation levels and union power.