Elon Musk Emerges Victorious in UAW Strike, Defends Higher Wages

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Source: Fortune
Elon Musk Emerges Victorious in UAW Strike, Defends Higher Wages
Photo: Fortune
TL;DR Summary

The president of the United Auto Workers (UAW) union, Shawn Fain, criticized Tesla CEO Elon Musk, stating that workers shouldn't accept lower wages so that "greedy people like Elon Musk can build more rocket ships." The UAW is currently in negotiations with the "Big Three" automakers (Ford, General Motors, and Stellantis) and has demanded a mid-30% wage increase over the lifespan of the new contract, along with other benefits. Fain argued that automakers could double wages without raising vehicle prices and still make billions in profits. The UAW has also targeted Tesla for unionization, with industry data suggesting that Tesla employees earn less than their unionized counterparts.

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