The United Auto Workers union accelerated its strike Wednesday night in a last-minute move as it ordered nearly 9,000 workers at Ford's largest plant to walk off the job. Ford called the walk-out "grossly irresponsible."
It's still going to affect the whole car market. A truck buyer might switch to a smaller car, limiting those, driving up used car prices. If workers get what they want and we get more appetite for car alternatives, win win.
While I sympathize with the workers wanting more money, I'm not looking forward to new vehicles being more unattainable than they already are.
Hey, buddy. I got some news for you.
Businesses charge what people are willing to pay. Full stop. Not what products cost to produce.
They're not selling below the production cost. Full stop.
Right. They're selling as high above the production cost as people are willing to pay.
It's called 'maximizing profit.'
This particular plant is making premium SUVs and pickups, by the sound of it, so already luxury vehicles. It's not like they're making economy cars.
It's still going to affect the whole car market. A truck buyer might switch to a smaller car, limiting those, driving up used car prices. If workers get what they want and we get more appetite for car alternatives, win win.
Did you learn economics 101 from your teevee?
I don't understand why you get downvoted. How can people not know that a rise in production cost gets passed through to the customer.
When unions are involved you aren't allowed to point out things like that.