Auto Industry Labor Agreements: A Recap and Future Outlook

The United Auto Workers (UAW) have reached tentative agreements with the Big Three automakers (Ford, GM, and Stellantis), potentially ending a prolonged strike and delivering significant economic gains for workers. The deals include a top-line wage increase of 25% over four years, a cost-of-living adjustment, improved benefits, and provisions for electric vehicle (EV) workers. The UAW's success in securing favorable contracts could have implications for the labor movement and boost President Joe Biden's support among the working class. However, challenges remain, including the need for contract ratification and potential clashes over the EV transition. The UAW also aims to expand its reach and organize workers in new facilities producing EVs.