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☆ Black UAW workers won progress in America's auto industry. They are on strike for its future
▼ + stars: | 2023-10-07 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +12 min

The percentage of Black workers in the auto industry today is more than double their share of the workforce overall. But the decline in US auto jobs and the erosion of unions have hit Black workers hardest. Black workers are likelier to belong to unions, in any industry, compared to White and Hispanic workers. Black union workers earn on average 16.4% higher wages than non-union Black workers, and they are likelier to have health care and retirement benefits, studies show. Hard-won gains disappearSoon after Black auto workers broke into better paying jobs, the US auto industry began its long decline, decimating Black communities in particular.

Persons: Lynda Jackson’s, Jackson, ” Jackson, ” Lynda Jackson, Lynda S, Emily Elconin, ”, Tiffanie Simmons, Simmons, Steven Pitts, Luke Sharrett, Tesla, “, ” Pitts, Jim Crow, Henry Ford, Nelson Lichtenstein, “ Walter Reuther, Ford, Irving Haberman, Kevin Boyle, Boyle, Philip Randolph, Randolph, Franklin Roosevelt, Walter Reuther, —, James Meredith, Martin Luther King, Jr, Roy Wilkins, Phillip Randolph, Walther Reuther, Martin Luther King Jr, Reuther, ” Boyle, Spencer Platt, Josh Bivens, Biden, Erica Smiley, ” Smiley Organizations: New, New York CNN, Chrysler, Ford, General Motors, United Auto Workers, UAW, Detroit’s, Processing, Bloomberg, Getty, Ford Motor, Economic Policy Institute, UC Berkeley Labor Center ., Tesla, Ku Klux Klan, University of California, America, Northwestern University, Jobs, Walther Reuther . Express, Hulton, Southern Christian Leadership Conference, The League, Revolutionary Black Workers, Black, Economic, Institute, P Global Market Intelligence, Justice Locations: New York, Alabama, Detroit, America, Ypsilanti , Michigan, Wayne , Michigan, Detroit , Michigan, White, Fremont , California, . Mississippi, sharecropping, Chicago , New York, Pittsburgh, Cleveland, AFP, Santa Barbara, Ford's, Rouge, Dearborn , Michigan, Washington, Birmingham, Selma, Black, Flint, Midwest, autoworkers

☆ New U.A.W. Chief Has a Nonnegotiable Demand: Eat the Rich
▼ + stars: | 2023-10-05 | by ( David Streitfeld | More About David Streitfeld | ) www.nytimes.com time to read: +1 min

Nelson Lichtenstein, a labor historian, said he saw Mr. Fain as a throwback. leadership in a long while, reaching back to the 1930s and 1940s,” Mr. Lichtenstein said. Dr. Martin Luther King Jr. and the “pyramid of success” developed by John Wooden, the coach who produced a U.C.L.A. Mr. Fain copes with stress by working out and listening to music, cranking up selections from the entire spectrum — hip-hop, ’80s rock, Metallica, Frank Sinatra. He’s still getting used to the job, and to the fact that Shawn Fain from Kokomo Local 1166 is the U.A.W.

Persons: Nelson Lichtenstein, Fain, ” Mr, Lichtenstein, Bernie Sanders, Walter Reuther, Martin Luther King Jr, ”, John Wooden, Patrick Anderson, cranking, Frank Sinatra, He’s, Shawn Fain, U.A.W Organizations: Anderson Economic Group Locations: Vermont, East Lansing, Mich, Kokomo

☆ The 4 key reasons why the UAW could strike GM, Ford and Stellantis this week
▼ + stars: | 2023-09-11 | by ( Chris Isidore | ) edition.cnn.com time to read: +9 min

He admits the union’s demands are “ambitious” but he insists they’re justified given the automakers’ strong profits in recent years. The automakers have balked at most of the union’s demands, according to the UAW. RaisesThe union demands an immediate 20% raise, and then four additional raises of 5% each. The UAW wants a return of traditional pension payment plans and retiree health care for all UAW members. GM put the cost of the six-week strike by the UAW in 2019 at $2.9 billion.

Persons: Shawn Fain, they’re, Fain, ”, Wheaton, It’s, Patrick Anderson, Anderson, ” Anderson, “, ” Wheaton, Cornell’s Wheaton, ’, What’s, Gavin Strassel, Walter Reuther Organizations: New, New York CNN, United Auto Workers, UAW, Ford, Jeep, Dodge, Chrysler, Cornell University’s, Industrial and Labor Relations, GM, Anderson Economic Group, Pensions, Workers, Big Three, Anderson Economic, Walter, Walter Reuther Library, Wayne State University, Hollywood Locations: New York, Buffalo, Michigan, Wheaton, Belvidere , Illinois, Stellantis, Ohio, Detroit

View all 8 PhotosAug. 28, 1963 | U.S. President John F. Kennedy meets with leaders of the March on Washington for Jobs and Freedom at the White House. The march was organized by major U.S. civil rights groups and brought thousands to the nation's capital to call for racial equality and opportunity. The group includes Whitney Young of the National Urban League, Martin Luther King of the Southern Christian Leadership Conference, John Lewis of the Student Nonviolent Coordinating Committee, Joachim Prinz of the American Jewish Congress, Eugene P. Donnelly from the National Council of Churches, A. Philip Randolph from the AFL-CIO, Walter Reuther of the United Auto Workers, U.S. Vice President Lyndon Johnson, and Roy Wilkins of the NAACP.

Persons: John F, Kennedy, Whitney Young, Martin Luther King, John Lewis, Joachim Prinz, Eugene P, Donnelly, Philip Randolph, Walter Reuther, Lyndon Johnson, Roy Wilkins Organizations: U.S, Jobs, White, Whitney, National Urban League, Southern Christian Leadership Conference, Student Nonviolent, American Jewish Congress, National Council of Churches, AFL, United Auto Workers, NAACP Locations: Washington

☆ Jim Cramer on how to navigate the August pullback in equities markets
▼ + stars: | 2023-08-20 | by ( Jim Cramer | ) www.cnbc.com time to read: +8 min

But I don't think they are as related as most would have you believe. (See here for a full list of the stocks in Jim Cramer's Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

Persons: nothing's, Jerome Powell, we're, it's, Powell, Jackson, Donald Trump, Trump, Joe Biden, Walter Reuther playbook, Ronald Reagan, Xi Jinping, Herbert Hoover, –, – Trump, let's, Jim Cramer's, Jim Cramer, Jim, David Paul Morris Organizations: Apple, Nvidia, Home Depot, Walmart, Trump, Republican, United Automobile Workers, UAW, Trust Corporation, Jim Cramer's Charitable, CNBC, U.S . Federal Reserve, Federal Reserve Bank of Kansas, Bloomberg, Getty Locations: Jackson, Georgia, China, Federal Reserve Bank of Kansas City, Moran , Wyoming

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