10:04 a.m. ET, September 17, 2023
Strikes are making a comeback in the US
Members of SAG-AFTRA and the Writers Guild of America picket in Los Angeles, California, on September 13.
The United Auto Workers strike isn’t happening in a vacuum. It’s part of a growing movement of US workers walking off the job.
From Hollywood writers to nurses, factory workers, and Starbucks baristas, thousands of workers have gone on strike
in recent months to demand higher pay and improved benefits and working conditions. The Teamsters union recently used the threat of a strike
by 340,000 members at UPS to secure most of their demands, including pay raises and new air conditioned vans.
Labor has become more aggressive because of decades of stagnant wages for lower and middle-income workers, while the richest Americans expanded their wealth to unprecedented levels
. Corporate profits have soared
since the pandemic, and workers want a greater piece of the profits.
“There’s a generational change taking place in the labor movement and its thinking,” said Joseph McCartin, a labor historian at Georgetown University.
Between 1979 and 2022, the inflation-adjusted annual wages of the top 1% of workers rose by 145%, while the average annual wages of the bottom 90% rose by only 16% — about a tenth as fast, according to the Economic Policy Institute. Several factors
contributed to these trends, including deregulation, the decline of unions, and little change in the federal minimum wage.
The auto workers, for example, are taking aim at CEO compensation at Ford, General Motors and Stellantis — which has grown by more than 40% over the last four years — to press their case for worker wage increases.
Workers also believe they have more bargaining power due to a tight labor market and the strongest public support for unions in decades.
“We’re living through a strong labor market and economy, and workers and unions feel more leverage when economic forces are blowing in the direction they have been,” McCartin said.
Barbara Terrio is a seasoned business journalist, delving into the world of finance, startups, and entrepreneurship. With a knack for demystifying complex economic trends, she helps readers navigate the business landscape. Outside of her reporting, Barbara is an advocate for financial literacy and enjoys mentoring aspiring entrepreneurs.
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