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Updated over 1 year ago on . Most recent reply

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Jaron Walling
  • Rental Property Investor
  • Indianapolis, IN
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The UAW wants to wreck the economy

Jaron Walling
  • Rental Property Investor
  • Indianapolis, IN
Posted

Is the auto industry big enough to create ripples in RE markets? If so, why? The UAW just escalated the "stand up" strike to 38 new locations. This includes everyone already striking. This affects thousand of UAW members and numerous part suppliers. I don't see the negotiations ending anytime soon. 

Transitioning from ICE to EV requires sacrifice. I think disruption in the auto industry combined with other economic red flags could create big impacts on our economy.

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Bill B.#3 1031 Exchanges Contributor
  • Investor
  • Las Vegas, NV
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Bill B.#3 1031 Exchanges Contributor
  • Investor
  • Las Vegas, NV
Replied

I hope they get their wish and put those 3 companies out of business. That will sure teach the billionaires a lesson. You know, since none of them work for those companies or drive their products. There has not been a worse sector for investors, they should yank their money before it gets word. 

May they follow in the steps of the union at yellow freight. When you call the company you work for evil or greedy while complaining that the best job you could get doesn’t pay enough. Remember it’s also evil and greedy to make more than teachers and only fat cats have defined pensions and all inclusive medical care. The last 2 UAW presidents being in prison and the government being required to monitor the union certain speaks to the quality of leadership.  At least they’re being reasonable. A 50% pay increase while working 25% less hours in an industry that requires government subsidies to stay afloat and has competitors that already have lower costs  I’m sure the last few employees will become very rich  

May they get every thing they are asking for.  Detroit was the richest city in the world before right? This is probably the path back to that  

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