Americans, stand with the UAW and me and fight out-of-control corporate greed
Fox News
Americans should stand with the UAW and me to fight out-of-control corporate greed. The company CEOs make hundreds of times more than autoworkers. That needs to change.
While the Big Three could afford to spend $9 billion last year on stock buybacks and dividends, the average starting wage at these companies is just $17 an hour. Unbelievably, workers are leaving the industry to find better paying jobs at McDonald’s. At a time when half of older Americans have no retirement savings and no idea how they will ever be able to retire with any shred of dignity, the UAW is demanding the restoration of pensions and retiree health benefits that were taken away from new hires during the Wall Street crash of 2008. Bernie Sanders is an independent who represents Vermont in the U.S. Senate.
This is an industry that had to be bailed out by U.S. taxpayers in 2008. As part of the bailout autoworkers were forced to make painful economic concessions.