Acting Labor Secretary Sees 'Steady, Stable Growth' in Economy

The transcript discusses the current state of the U.S. economy, highlighting stable growth, job creation, and low unemployment rates under President Biden's economic policies, known as Bidenomics. It addresses the balance between inflation and consumer confidence, noting a decrease in inflation and an increase in real wages. The discussion also covers labor market trends, industry growth, and recent labor actions, emphasizing the importance of collective bargaining. The acting secretary of the Labor Department shares insights on worker rights and the administration's commitment to economic stability, while also discussing her role and goals.

What are the expectations for the UAW and the automakers in the context of potential strikes?

What is the significance of the collective bargaining process as described in the text?

How does the text describe the relationship between workers and their fair share?