UAW's Victories Could Boost Labor's Bargaining Power Across Sectors
The UAW secured the largest wage and benefit increases in decades for its members through the strikes, representing a major reversal of concessions the union had made during the automakers' past downturn. The UAW's strategy of starting small and escalating strikes incrementally is presented as a model that could apply to organizing other industries with key chokepoints like food processing or delivery networks. The union also achieved victories like securing the right for UAW members to transfer to new automaker EV plants not yet unionized. Experts say the high-profile nature of the UAW's success has likely enhanced labor's bargaining power and may influence upcoming negotiations in various sectors.
Transcript
00:00 It's Benzinga and here's what's on the block.
00:02 The UAW secured the largest wage and benefit increases in decades for its members through
00:06 the strikes, representing a major reversal of concessions the unions had made during
00:10 the automakers' past downturn.
00:12 The UAW's strategy of starting small and escalating strikes incrementally is presented
00:16 as a model that could apply to organizing other industries with key choke points like
00:20 food processing or delivery networks.
00:22 The union also achieved victories like securing the right for UAW members to transfer to new
00:26 automaker EV plants not yet unionized.
00:29 Experts say the high-profile nature of the UAW's success has likely enhanced labor's
00:33 marketing power and may influence upcoming negotiations in various sectors.
00:37 For all things money, visit Benzinga.com.
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