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America’s inflation crisis is even worse than you think

'...virtually every aspect of the U.S. economy has been impacted by the inflation. The price of milk has increased 17 percent. Egg prices have risen 42 percent. Energy service prices have increased more than 11 percent. ...Kelley Blue Book reported in October that the average price of a new car has increased by $5,000 since the end of 2020. ...worst of all is the increase in the cost of new homes. nearly $70,000 more. ...The Biden administration and Democrat-controlled Congress are causing America to slowly but certainly commit economic suicide. '

Reference: thehill.com
Tags: Auto Price Inflation,Bidenomics,Inflation,Destruction of America's retirees,

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UAW Chief Fain Rejects 21% Pay Increase Offer

'United Auto Workers President Shawn Fain said he’s unmoved by an offer of a 21% pay raise from Stellantis NV as the strike against the Big Three US automakers entered its third full day. “It’s definitely a no-go,” Fain said Sunday on CBS’s Face the Nation. “We’ve made that very clear.”...'

Reference: www.bloomberg.com
Tags: Inflation,Wage Inflation,Auto Price Inflation,Truck Price Inflation,Destruction of America's retirees,United Auto Workers (UAW),Greed vs. Common Sense, Root Causes of Inflation,

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Not a Smart Time to Buy Trucks and Cars | Auto workers strike will drive up car prices

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Auto workers strike will drive up car prices, but not right away

'lots are full of cars now,” says Ivan Drury, the director of insights at Edmunds, a provider of information about the auto industry. He estimates that at current inventory levels and the pace of vehicle sales, most car shoppers shouldn’t notice much change ...UAW began striking at factories that make only a few vehicles...The car companies have plants in Mexico that could keep producing some models...The biggest wild card could be consumer psychology – panic-buying that would drive up prices. “The impact on prices would be almost instantaneous,” Nelson says. “'

Reference: abcnews.go.com
Tags: Auto Price Inflation,Truck Price Inflation,

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Greedy Unions vs. Weak Auto Industry Leadership | Get ready for even more unaffordable Auto/Truck prices

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Offer to UAW includes 14.5% raises, inflation bonuses

'... Most union employees will get 14.5% and no lump sums, Juneteenth will be a paid corporate holiday, Most union employees will get inflation protection payments: $6,000 one-time inflation protection in first year of contract $4,500 inflation protection payments over final 3 years of the contract, Supplemental employees:Wage increase from starting rate of $15.78/hour to $20/hour (a $4.22/hour increase), Wage increase from starting rate of $15.78/hour to $20/hour (a $4.22/hour increase), In-progression employees:Accelerate progression timeline from eight years to six years, potentially reducing the time that employees can reach the max wage rate by 25%, ...'

Reference:
Tags: United Auto Workers (UAW),Destruction of America's retirees,Destruction of America's Working Class,Auto Price Inflation, Truck Price Inflation,Destruction of America,

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