Peter Schiff Puts The UAW Strike In Its Economic Context
20th September 2023
The United Auto Workers went on strike against the Big Three US automakers in Detroit last week. Peter Schiff went on Real America with Dan Ball to talk about the strike and how it might impact the US economy.
Peter put the strike in the context of the current inflationary and high interest rate environment, and talked about how it might impact the broader US economy.
This is the first time the UAW has gone on strike against all three US automakers at the same time. About 12,700 workers are on strike. The UAW is demanding a 40% wage increase through 2027 with a 20% raise immediately. They also want a 32-hour workweek.