"UAW Strike: CEO Pay, Chaos, and Potential Benefits for Workers"

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Source: ABC News
"UAW Strike: CEO Pay, Chaos, and Potential Benefits for Workers"
Photo: ABC News
TL;DR Summary

The ongoing strike by autoworkers against the Big 3 U.S. automakers has brought attention to the widening gap between CEO and worker pay. The United Auto Workers (UAW) is demanding a 46% raise for workers over the next four years, which slightly exceeds the combined 40% increase in CEO compensation over the same period. The average pay for autoworkers at these companies has only risen 6% in the past four years. The CEOs of General Motors, Ford, and Stellantis have seen varying pay increases, with the highest being 34%. The strike continues as the two sides remain far apart on pay increase negotiations.

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