The Price of the Union at GM

The Wall Street Journal Opinions 3 weeks ago

Remind us again why the United Auto Workers went on strike for five weeks against General Motors? The terms of the tentative deal struck this week show that the union made itself look relevant at the cost of lost wages and perhaps future profit-sharing for workers.

UAW leaders this week agreed to a new four-year labor contract with GM, though 46,000 workers won’t return to work unless they ratify the deal by next Friday. Most will have lost more in pay during the strike than they appear to have gained in the new contract.

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