The auto industry has been struggling for a few years, tariffs may have been the nail in the coffin that accelerated layoffs, but they've been coming for a while.
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Great job there Shawn Fain in supporting you workers by supporting Trump's tariffs.
Those layoffs aren’t here yet. But they’re coming. We’re in hiring freeze land now. Layoffs are next.
These are the layoffs from the fact that their EVs haven’t been hitting their sales targets for months.
People aren't buying EVs because the middle class has been systematically imploded. Wages are not matched to the American idea of prosperity, so few have the necessary funds to keep consuming at the pace required for everlasting growth. If you want a robust economy, you ensure that the average worker has disposable income. Instead, we have more poors, and a few more billionaires.
They're not too far away, either. Mack Trucks just announced layoffs in one of their production facilities and blamed the tariffs.
I used to think Fain was a good guy, but now I'm thinking he's an idiot. That article quotes him from social media saying:
he UAW supports aggressive tariff action to protect American manufacturing jobs as a good first step to undoing decades of anti-worker trade policy
and
Trump’s anti-worker policy at home, including dissolving collective bargaining agreements and gutting the National Labor Relations Board, leaves American workers facing worsening wages and working conditions even while the administration takes aggressive tariff action.
Tariffs are a big part of the problem you twit! Tariffs will raise prices on manufacturing which will raise prices on cars. That will reduce demand for new cars causing layoffs. This is not rocket science man. Think it through. Tariffs are anti-worker.
Hope them eggs are cheaper at least. Else the experience might just learn them a lesson.