"UAW Strike Continues Amidst Layoffs and CEO Pay Debate"

The United Auto Workers (UAW) have gone on strike against General Motors, Ford, and Stellantis, with the possibility of additional strikes this week. UAW President Shawn Fain expressed frustration over stagnant wages and worsening conditions for workers, despite the companies' significant profits. The strike is part of a larger trend of workers across various industries demanding higher pay and improved benefits. While the strike's impact on the US economy may not lead to a recession, it could still have significant consequences, including lost income, reduced revenue for local businesses near strike sites, potential layoffs in supplier networks, and a decline in tax revenue.