Rattner: Dangerous to Roll Back Union Clock

The transcript discusses the complex labor negotiations between the UAW and major automakers, highlighting the challenges posed by inflation, wage demands, and work rules. It explores the impact of electric vehicles on labor needs and the role of leadership and government in these negotiations. The discussion also differentiates between tradable and non-tradable sectors, emphasizing the need for compromise to avoid strikes and maintain productivity.

What is one of the main challenges in the current UAW negotiations?

• Lack of communication between parties

• UAW's extensive list of demands

• Insufficient number of negotiators

• Lack of public support

How does inflation relate to the UAW's demands?

• It has decreased the value of wages

• It has no impact on the negotiations

• It has led to a decrease in auto sales

• It has increased the number of holidays demanded

What is a potential consequence of reinstating old work rules?

• Decreased production efficiency

• Higher productivity

• Increased worker satisfaction

• More job opportunities

What is a concern when increasing wages in tradable sectors?

• Higher taxes

• Loss of international competitiveness

• Increased local competition

• More job opportunities

How might electric vehicles impact the auto industry workforce?

• Increase in labor hours required

• Decrease in the number of jobs

• No change in workforce needs

• Increase in traditional assembly jobs

What role does President Biden's administration play in the negotiations?

• Encouraging more demands

• Remaining neutral

• Supporting the automakers

• Facilitating a compromise

What is a unique aspect of Sean Fain's approach to the negotiations?

• Avoiding media attention

• Focusing solely on pay increases

• Publicly engaging with union members

• Keeping negotiations secret