>I provide financial and logistical support to worker organizing efforts, so being familiar with this information is top of mind.
It shows, given all the lies you've been spewing all over this thread.
For example:
>Profits at the “Big 3” auto companies—Ford, General Motors, and Stellantis— skyrocketed 92% from 2013 to 2022, totaling $250 billion. Forecasts for 2023 expect more than $32 billion in additional profits [2].
None of this is true.
The combined net income of those 3 companies during that time period is $168 Billion, not $250.
The total combined net income in 2022 was $24.6 Billion, only 34% above the $18 billion for 2013 (in reality this was a real profit stagnation given the cumulative inflation over that time period).
And your "Forecast" is literally a Pro-Union Mouth piece with no actual source for it.
The reality is that this industry isn't doing well, their returns on assets have consistently been below their cost of capital, and additional labor costs won't help with that.
Between 2013 and today the cumulatice rate of inflation was 33.33%, vs the 34% in profit increase => stagnation
As for the mouthpiece thing, here is a quote on the about page from the link he provided https://www.epi.org/about/ :
>The Economic Policy Institute (EPI) is a nonprofit, nonpartisan think tank created in 1986 to include the needs of low- and middle-income workers in economic policy discussions. EPI believes every working person deserves a good job with fair pay, affordable health care, and retirement security. To achieve this goal, EPI conducts research and analysis on the economic status of working America. EPI proposes public policies that protect and improve the economic conditions of low- and middle-income workers and assesses policies with respect to how they affect those workers.
This is literally an organization dedicated to increase workers compensation. ie: a pro-union mouthpiece.
It shows, given all the lies you've been spewing all over this thread.
For example:
>Profits at the “Big 3” auto companies—Ford, General Motors, and Stellantis— skyrocketed 92% from 2013 to 2022, totaling $250 billion. Forecasts for 2023 expect more than $32 billion in additional profits [2].
None of this is true.
The combined net income of those 3 companies during that time period is $168 Billion, not $250.
The total combined net income in 2022 was $24.6 Billion, only 34% above the $18 billion for 2013 (in reality this was a real profit stagnation given the cumulative inflation over that time period).
And your "Forecast" is literally a Pro-Union Mouth piece with no actual source for it.
The reality is that this industry isn't doing well, their returns on assets have consistently been below their cost of capital, and additional labor costs won't help with that.