"UAW Strike Challenges Bidenomics and Employer Confidence"

The ongoing UAW strike in the car industry is putting President Joe Biden's economic policies, known as Bidenomics, to the test. The UAW is demanding a 36% pay increase over four years, better pensions, healthcare for all retirees, and improved terms for new hires. Biden's focus on protecting manufacturing workers with tariffs and subsidies, particularly in the electric vehicle sector, is aimed at appealing to working-class families in swing states. However, this approach risks repeating the mistakes of the past, as protectionism and strikes could harm the industry's competitiveness and hinder the green transition. The outcome of the strike will determine how Biden's pro-union stance is perceived.