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Strike fever is about to sweep through the nation’s auto industry, with the United Auto Workers preparing to walk off the job on September 14th if the “Big Three” automakers — Ford, General Motors, and Chrysler’s parent company, Stellantis — don’t agree to the union’s demands for pay increases, shorter working days, and stronger pensions.
A simultaneous strike of all three major automakers has never happened, but it has been brewing since at least the Great Recession of 2008 when union workers agreed to major concessions in their contract to help keep the car companies from filing Chapter 11. Still, a strike could significantly impact the US economy and could trigger a rise in car prices. The union says the cost of not doing a strike…