US Auto Workers Go on Strike as Contract Talks Fall Through

The video discusses the ongoing strike by the United Auto Workers (UAW) against Detroit's major car manufacturers, focusing on the disagreements over wages, benefits, and worker schedules. The car makers have proposed a pay rise of 17.5% to 20% over several years, but the union finds these offers inadequate due to inflation and high corporate profits. The union's president, Sean Fain, highlights the disparity between executive pay and worker compensation as a key issue.

What factors does the text mention that have affected the workers' situation?

What is the significance of the term 'Big Three' in the context of the text?