Big Three executives are claiming that UAW demands, including a just green transition, are too expensive. This is an obvious misdirection: the real sap on company finances is the billions of dollars in stock buybacks and executive compensation.
Lucy Dean Stockton is the news editor at the Lever.
This morning, the United Auto Workers launched a landmark strike against the Big Three automakers for their refusal to provide adequate pay and job security. Meanwhile, over the last year, the automakers have authorized $5 billion in stock buybacks.
Wildfires in Hawaii have killed over 100 people, and hundreds remain missing. From draining historic wetlands to failing to invest in safe energy infrastructure, the capitalist thirst for profits above all else helped create the disaster.