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The Big 3 automakers now have record offers on the table. UAW says they can do more (www.npr.org)

submitted 1 year ago by tintory@lemm.ee to c/workreform@lemmy.world

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[-] derf82@lemmy.world 39 points 1 year ago

Of course they can do more. Look at their profits. Look at their executive pay.

[-] Hoomod@lemmy.world 21 points 1 year ago

But won't you think of the shareholders?!

[+] wintermute_oregon@lemm.ee -19 points 1 year ago* (last edited 1 year ago)

You realize gm shareholders lost everything in the last bailout. That includes the workers who had stock as well.

Many people are myopic and forget the workers are shareholders. My dad was a uaw for most of his life. I lost all his shares in the BK. I only kept them for sentimental reasons but they’re gone.

Another thing to note, pension plans are some of the largest shareholders. So you’re literally mocking union workers.

[-] Nudding@lemmy.world 10 points 1 year ago

Do you think that's who we're talking about?

[+] wintermute_oregon@lemm.ee -14 points 1 year ago

Yes. Since pension plans are some the largest shareholders. People don’t understand who shareholders really are. They think they’re some mythical person when really it’s pension funds.

[-] Nudding@lemmy.world 6 points 1 year ago

No. We're talking about controlling shareholders. Board members, executives, etc. Good try though.

[+] wintermute_oregon@lemm.ee -8 points 1 year ago

Is there a mouse in your pocket? We are not talking about anything.

The largest shareholders are pension/retirement funds.

I get you want to screw the unions but grow up.

[-] Nudding@lemmy.world 4 points 1 year ago

Uhh.. No, I'm very pro union. We aren't talking about the same thing. Have a nice day.

[-] wintermute_oregon@lemm.ee -2 points 1 year ago

Very pro-union but you have no clue how the system works. I’ll leave you with this to educate you on why shareholder value is important. Most my family is retired uaw and I like you they know their pension plan and medical plans are funded from shareholder value.

So instead of being an edge lord. Learn how the system works. Union families don’t find you wishing them harm so funny.

https://www.uawtrust.org/AdminCenter/Library.Files/Media/501/Trust%20Documents/Docs/Summary%20Annual%20Report/2020SAR-gm.pdf

[-] Nudding@lemmy.world 0 points 1 year ago

??? Dude I don't know what to tell you? When people say think of the shareholders they aren't taking about mom and pop who were gifted shares with no ability to control the direction of the company, they're talking about the scumbags doing buybacks, making short sighted business decisions which lead to the companies enshittification, etc. If you're too stupid to differentiate between the two, then I'm sorry for you and your union family ✌️

[-] wintermute_oregon@lemm.ee -2 points 1 year ago

When people say that they just show they don’t get how the system works and they’re not union members.

I just cited you where their medical retirement fund is gasp funded by shareholder value.

I get you hate unions or just lack the knowledge to see how stupid phrases don’t help.

Buybacks help the union as it increases their funds for pensions and medical care. I’m against them but to deny they help the union is just stating you don’t get the symbiotic relationship they have together.

[-] Nudding@lemmy.world 1 points 1 year ago

Let me put it another way, fuck the shareholders. If you think that includes your union family members too, that's your problem, as I've said. Again, goodbye

[-] wintermute_oregon@lemm.ee 0 points 1 year ago

So you are anti-union since that would remove their pensions and healthcare. I get being an edge lord is tough but I support the unions. Wishing for them to lose their pensions and healthcare is twisted.

[-] Nudding@lemmy.world 1 points 1 year ago

Great. Wonderful

[-] Vodik_VDK@lemmy.world 14 points 1 year ago* (last edited 1 year ago)

That's what I like to hear.

This man's a heckin' chief.

[-] wintermute_oregon@lemm.ee 1 points 1 year ago

He’s been very strategic. It’s been interesting to watch compared to the strikes in the 80’s and 90’s.

Either he’s going to go down in history as a great leader who won workers more or the person who destroyed the UAW.

this post was submitted on 21 Oct 2023

131 points (98.5% liked)

Work Reform

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All workers must be paid a living wage for their labor.
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