The proposal would be the largest pay increase in recent memory. The proposal from the Detroit-based union that represents approximately 150,000 workers making Chevrolets, Fords, Jeeps and more calls for a 20% general wage increase upon ratification of a new contract “to offset severe impact of inflation” over the past few years, according to the write-up obtained by The Detroit News.

After that, the union demands a 5% wage increase every September through the life of the agreement through 2027.

https://www.detroitnews.com/story/business/autos/2023/08/03/uaw-demands-46-percent-pay-hike-in-talks-with-detroit-three-automakers/70525605007/

 

Shouldn’t this be a macro economic signal of impending collapse?