UAW President Shawn Fain has 'totally outsmarted' the Big 3 leadership: MAEVA Group CEO Harry Wilson 

No there was no shared sacrifice between the workers and the CEOs in the car industry. Back in 2009!

I gave up my pension, took a paycut, and worked through covid. I had perfect attendance and my factory still moved to Mexico. I dont care if this strike destroys the entire economy. Hold Fast!

"The labor movement was the principal force that transformed misery and despair into hope and progress." - Dr. Martin Luther King Jr.

Trust in CNBC to trot pro-shareholder talking points, and to ignore the record profits and CEO bonuses at the Big 3

Shared sacrifice my butt. Executives and CEOs have been making themselves richer the ENTIRE TIME while the workers continue to flounder and suffer. This narrative that tries to make the corporations as “victims” of this strike is sickening. The legacy issues would only “drag” companies down because they want to pay their executives an ungodly amount of money. If the heads of companies are THAT concerned about the companies viability, how about taking a substantial paycut themselves to show they’re serious?

I thought I was going to hear and argument finally for the worker, but as predicted its an attack on them and non-stop defense for the rich and greedy CEOs getting ultra wealthy on the backs of their workers.

Big 3 can easily afford to pay up.

Stock buybacks were illegal in the past, what use to be criminal is now standard practice. It appears being a blue collar worker is what's criminal now days. United we stand, you know the rest. 👊

Job bank is necessary to stop jobs going to Mexico. Stellantis wants to get rid of 18 of their 22 facilities before thus happened. Job bank helps undo what the politicians who sold us out did.

If you don't live and work at these plants, you really wouldn't understand

But since 2009, we've seen more Stock Buybacks than reinvestment and innovation.

Low profit margin business? Really. Each CEO getting bonuses of 21-29 million. Workers compensation make up 3-5% of the price. Its been that way for decades. Since 2019 auto prices have EXPLODED by 30% and the workers pay haven't moved at all. They can MORE than give out the UAWs requests without raising the price in anything and still esrn record profits. The company had the last three years where they could of given raises if they cared about how inflation affected their workers. Our contract gets tinkered with and tweeked every year. But did they? No. Did they even ask? No. Going to the media with this BS. Bunch of liars.

I’m sooo happy that finally I’m hearing a UAW leader bring real info to the discussion- the solution is simple give them the terms they are requesting- they are asking for bare minimum & are being much more lenient to the company’s than I would be. Labor has been cheated & stepped on by corp, politicians & an uniformed public for far too long.

And how does billions of dollars in stock buy backs help with innovation and sustainment?

Stock buybacks are not an acceptable substitute for pensions. A company is only worth how much it values its workers. If they leave the USA, they should not be able to sell their products in the USA.

They always want to compare the big 3 with our foreign counterparts. Honda,Toyota, and Nissan. Now look at what their CEO'S make compared to the big 3. So, who is being greedy? Fair wages are needed.

The initial offer was 5-7% over multiple years?!! That’s insane and a complete insult to the workers!

If they have enough money to do 5 billion dollars in stock buybacks they have enough to give workers what they deserve.

Solidarity✊🏾

Support to the workers. 40% raise good enough for the CEO, workers deserve the same. CEO has to be oblivious/ ignorant to not see the justification for that.

I don't know how it will turn out but, who can AFFORD any vehicles even used ones????😊

The longer this lasts the more workers in America are paying attention...

2009 bankruptcy caused by banks collapsing, not Uaw contract! 16yrs with a total of 12% raise not going to cut it anymore! If only these corporations had the funds to pay these people... .oh wait..record profits! Record stock buy back! Record Ceo pay!

A 30% wage hike alone won't cure the deficiencies of the last 50 years. FDR wanted a worker's bill of rights after WWII. Those policies were implemented in Germany and Japan, but not here. Maybe we need to dig up those policies....

Family Protection Program "Jobs Bank" would not cost the company a dime if they would not close plants and ruin our communities

CEO pay should be capped at $250,000 a year for all of the big 3, Pay their workers 50,000 to 100,000 depending on individual skill sets. Then sell trucks and cars from the 20k-50k range depending on trim levels, not a dollar more.

Automakers tack on a 30 price to a vehicle that consumers pay for, uaw members have only had a 6 percent raise do the math who's making the money

Workers are starting to wake up. Wealth transfer to the rich has been increasing for many decades and we wont stand for it any more.

Solidarity. Stand strong UAW, you deserve what you are asking for. We have your back.

Out smarted?!?!?!? Mr. Fain is just keeping it real. The general public need to wake TF up. CEO pay has skyrocketed 1,322% since 1978 CEOs were paid 351 times as much as a typical worker in 2020

if the corporations don't put their employees first then I don't want their selling! Americans first!

Shawn Fain is brilliant! No more trickle down economics!

The CEOS have enjoyed record profits since they almost ran the company's into bankruptcy they don't want to give up that money, but now it's up to the autoworkers to continue to sacrifice that's BS neither inflation nor labor costs have driven up the price it's the CEOS 30 percent price gouging the consumers period my brother works for Stelantis he said a vehicle could be sold for 15 grand instead of 30 50 or a 100,000 dollars

When we lost cola that’s what set us back. If they go back to the original formula we will not experience this problem in the future if they don’t we will be in the same boat in another 10years. Cola is what keeps our wage competitive bottom line

A strike now won't hurt anyone. Dealers' lots are full. No one is buying. They could volunteer a shutdown. A bigger issue is auto manufacturers' insistence on marketing to the highest income earners discontinuing anything under 16k dollars. Ford's full inventory is out of reach for most of the working public. Manufacturers are in a really bad place with respect to what people are willing to buy. Unloading the heavy cost of dealer markup would be the first concern in efforts to survive the future economy. Using bankruptcy as a tool to unload the dealer network would be wise. Let's allow the unions to get us there? Great strategy

Solidarity 4 Ever! All power to the working-class! ✊🏼

I'm sick and tired of seeing people who have never set foot in any auto-factory talk like they know the ins and outs of an auto workers job!! We have to work 12 hours a day for 7 days a week on end for months!!! And when that goes away we still have to work a mandatory 60 hours a week in most cases and still cannot afford the vehicles we make! GM could've gave the 50,000 UAW members an $80,000 raise and still profit $18,000,000,000 (18 billion) . The BIG 3 absolutely owes all UAW members a 40% raise with retirement healthcare and a pension after we gave it away to keep the companies afloat! Now they're making more $$$ than they EVER HAVE!!! ITS TIME THEY MAKE US WHOLE AGAIN! There was also enough money throw at the previous corrupt union leadership under the table but apparently not enough for the hard working UAW MEMBERS!! They've also spent more on stock buy backs than what they spent on the entirety of the last contract!!! If you have money for wall street, THEN YOU HAVE MONEY TO SPEND ON TAKING CARE OF THE SAME PEOPLE WHO ACTUALLY BUILD THE WORLD CLASS VEHICLES!!!! car prices have risen over 30% the past 2-3 years while the UAW has only gotten 6% in raises over the entirety of the previous contract!!!! THE BIG 3 ARE PRICE GOUGING THE AMERICAN CONSUMER!! And yet, those very same consumers have the AUDACITY to blame UAW????? GET YOUR FACTS STRAIGHT 💯 When we win (UAW), all hard-working laborers win as well!! We're setting the standard for the value of labor!! MAKING VEHICLES ISNT FOR EVERYONE! Imagine destroying your body for 30 years and not getting retirement Healthcare when you need it the most! WHEN YOU DEDICATE 30 YEARS OF YOUR LIFE AWAY TO GREEDY COMPANIES, THEY HAVE A RESPONSIBILITY TO TAKE CARE OF YOU!! America is the most over-worked populace in the world!! It's time we fight the companies to give some of our precious life back to us! ITS ASININE FOR A COMPANY TO BE ABLE TO OWN YOU FOR 90 DAYS STRAIGHT (12 HOUR SHIFTS)!!! BUT SOMEHOW ITS A CRIME TO WANT SOME OF YOUR OWN LIFE BACK!!! OPEN YOUR EYES PEOPLE! WE THE UAW HAVE THE BALLS TO FIGHT FOR WHAT WE BELIEVE IN!! JUST BECAUSE MANY OF YOU DONT VALUE YOUR OWN WORK/LIFE BALANCE, DOESNT MEAN WE, THE UAW, HAVE TO SETTLE FOR LESS!! WHEN THE UAW WINS, WE ALL WIN!!! ITS TIME WE GET BACK TO A WAGE RATE THAT CAN SUSTAIN A FAMILY @ HOME AND SEND THEIR KIDS TO COLLEGE! If anyone is against those values, then you're no better than the self-inflated egotistical CEO's who place 0 value on our lives. WE ARE WILLING TO SACRIFICE IN ORDER TO GAIN. Not many of you can claim the same. Grow a backbone and fight for a better life instead of eating up the spoon fed bullsh*t that the corporate giants are dishing out. STAND STRONG UAW!

CEO pay is what’s driving a lot of the anger it seems.

Local 182 100% strike ready

Labor costs are about 5% of the cost of a car, the Big 3 can afford the demands of the UAW

The revisionist history and gaslighting of business practices since 2020 is embarrassing

What have they been doing with record billions of dollars???

Solidarity with UAW!!

I hear Harry mention "shared sacrifice, shared success". Why not ask the shareholders to participate too by cutting their dividends in half?

The union definitely has my support.

If mark up is so little how do they justify such ridiculous salaries for upper management?

As long as there are no government bailouts, let the wars begin !

Ford gave 5 Billion to the stockholders. That money would of went a long ways to compensate workers.

I guess those CEOs don't warrant those huge 40% raises if they can be outsmarted by a working class electrician? xD

I would love to know who should pay the price for the bad decisions that they made? I was supposed to be treated as a traditional wage and benefit. They decide to change my rehire language I lost $10 an hour My pension was froze and I'm no longer able to receive retiree health care that I paid into.

Stand with the workers! Sign the UAW contract! ✊

The pre 1850 American south had a name for free labor economy.

"Shared sacrfice shared success" The Ceo got 40% pay raise and they did $5 billion in stock buy backs and gave the workers literally nothing lol

Wow!! Finally, a real interview by cnbc discussing facts and not hypothetical rhetoric of what if statements.

Typical GOP logic goes like this "Bring the jobs home! America first!" Then, American workers want better wages and better benefits and the same GOP start screaming "I want cheap products! We need more cheap labor from overseas!" SMH.

Has the workers considered eating cake?

Toyota, Honda, Mazda, Kia, and Hyundai will be gaining a lot more customers.

Toyota is laughing all the way to the bank.

The agreement should be whatever % the ceo gets the workers should get aswell. They depend on each other.

People are delusional if they really think that, in this day and age, unions are looking out for their workers. In this economy people are sttuggling, most of them not making close to $32 an hour, let alone working 4 days a week! The future, unfortunately is EV, so your business is bound to go down. Instead of finding bettee jobs, these grown men are crying to a union who will do nothing when the whole economy collapses. Get a grip, people!

All the news stations have experts saying what were asking for is unattainable, its just not possible! Workers making $65/hr in wages and benefits...They arent accurate nor are they calculating in the fact that Ford has a ton of 2nd teir workers who DID NOT RECIEVE FULL PAY FOR 8 YEARS!!! Myself being one of them? How much has that saved? Or the temps that don't recieve full pay or benefits for some of them it's been almost 3 years and they're still at the very bottom of our pay scale! And why isn't anyone talking about us employees with NO PENSION? Bet they didnt calculatd that either. Or the fact that at one of the big 3 it would take an average worker over 300 YEARS TO MAKE WHAT THE CEO DID IN ONE!!!!!! 40% wage increases for our CEOS WHOSE BENEFIT PACKAGES FAR OUTRANK OURS. NOT TO MENTION THEY'RE RETIREMENTS? IF ITS UNSUSTAINABLE FOR US WHY SHOULD IT BE SUSTAINABLE FOR THEM? HOW ABOUT THE NEWS ORGANIZATIONS START LOOKIMG AND REPORTING ON THESE TOPICS AND EVALUATE THE AMOINTS WEVE SAVED AND SACRIFICED FOR THESE COMPANIES IN THE PAST 20 YEARS? WHY DONT THEY SPEAK ABOUT HOW MUCH PRODUCTION HAS INCREASED, WHILE WORKING CONDITIONS AND SAFETY PROTOCOLS HAVE SUFFERED? OR HOW WE AT KTP HAVE TO USE KEVLAR GLOVES THAT ARE BRIBG WASHED AND REUSED? OTHER PEOPLES SWEAT, DIRTY BAND-AIDS AND FINGERNAILS LEFT STILL INSIDE THEM!!! NOT TO MENTION THE SAFETY COATING BEING BARELY VISIBLE LET ALONE DOING MUCH GOOD! WHY ISN'T ANYONE SPEAKING ABOUT THESE ISSUES FOR WORKERS?

The Big Three is already having trouble selling pickups. Price too high and interest rates are contributing, so this strike at least for a short period is helpful to the Big Three. Labor costs and dealer inventory both shrinking. If it goes longer than 30 days, other problems may arise.

Well done UAW, stand strong and help bring up the working class in America!

CEOs making 600 times the average worker pay and spending billions on stock buybacks should be illegal..

This guy is totally biased. Barely a word that's not in favor of the unions. The story cannot be that one-sided

Of its such a low margin business why are profits up so much and how did they afford to give the CEO such raises? I bought a new car last year and had to pay over sticker for it. Someone pocketing that extra money.

And anyone who knows anything about interest rates knew some inflation was coming after Trump sent interest rates back to zero years ago.

Shawn Fain has done great things for Mexico's economy!

This guys makes sense for us. 30% is fair but Im not at the table. Or the one paying. Other issues still on the table.

how about invest in your employees? hmmm

I don't want to buy made in Mexico 😢

The UAW is doing a great job of making sure the "BIG 3" can't compete with Tesla... thanks again for the portfolio boost!

CNBC likes to leave all the pertinent figures out of their reporting 🙄

Funny they say big 3 will lose billions, why not just pay the workers, higher morale means bigger profits. These greed balls cant figure that out. Hope we stand out for what we want since we helped them achieve record profits. Inflation on average will go up another 15 percent of 5 years min. 40 percent increases over 5 years is nothing for these crooks

Oh please, how much do YOU make amid record profits that is not shared with your employees?

Shawn Fain a Hero ! For. The. People.

10 years from now the old three will be a shell of itself today.

The big 3 should be forced to openly address their unfair and immoral use of Mexico’s slave labor.

I wonder how many of these workers employees actually buy and own company stock? Then you see first hand how your own performance effects the price.

I’m with the UAW workers. Pay them what they ask and my next car will be a GM

Violation of shared sacrifice happened in 2011

They need to be talking about the sacrifice they gave

Interview the workers not corporate talking heads.

A corporation paying their workers as little as possible was not intentional? Please.

This will widening the gap between the big 3 and most American car company

Labor cost is 2 to 4 percent

The Only Effective Answer To Organized Greed Is Organized Labor

Now the big three auto manufacturers can fire anyone that striking and replace them with non-union workers

Evs are the problem and media it is not your bussiness stay out of the negotiations

Very few people have kept up with inflation in the past few years.

So it’s ok for the ceo to get almost 30 mil and the workers don’t get anything ? That’s crazy , why not cut they money , them workers getting screwed , hope they get what they are owed

2:57 fair. Strip the ceo to pay everyone. Ceo doesnt need 30 mill. Give her a mill and thats more than enough.

Without a pension plan, this ain't passing

Where did they find these clueless hacks!!?

Shawn must be heavily invested in tesla

Jesus has the final Word🙏🏾

30% raise, eliminate the tier wage scale replace with a standard senority driven 5 year wage base insuring equity pay scale standardized for all workers. End 16hour scheduling with 8 hours off back to 16 hours/replace with standardized 5 day work week with 30 to 40 hour threshold for overtime pay at from time and a half for 8hrs, and double time pay any hours worked beyond that time. All Holidays & Paid vacation, 1, 2, 3 to 4 weeks vacation progression with 2 to 3 weeks over 5 years wage progression, 4 weeks with Senority progression. Shift and Week end differential when scheduled to work evenings and midnight shifts. All standard Healthcare & Medical benefits. Ect.

Equality! 🏆👍

CNBC showing Tesla with these other OEM auto companies is deliberately misleading. Tesla not part of the UAW strike and not an auto company.

I do hope the UAW requests won’t be met. If they do, the other unions will follow, and labor cost will skyrocket. We’ll lose competitiveness and have inflation at the same time.