There are several ways the unprecedented United Auto Workers strike could hit the economy, but it will depend on how long the strike lasts and how many plants are affected, among other factors.
Bold union demands, bolstered by a tight labor market and frustration throughout the COVID-19 pandemic, are paying off in some sectors with significant raises for workers.
Less than two hours before the strike deadline, United Auto Workers revealed the first wave of plants to be targeted if the union and the Big 3 automakers fail to reach a deal just before midnight.
As autoworkers' real wages fall, top executives at the Big Three carmakers continue to earn tens of millions of dollars each year — hundreds of times more than the median employee.
The United Auto Workers could strike at targeted auto plants before expanding the walkouts to additional locations if the union and the Detroit Three automakers fail to reach a new contract.