The United Auto Workers has begun a simultaneous strike against Detroit’s Big Three automakers following a lack of agreement between the parties.
On Sunday, Tesla, Inc.’s (NASDAQ:TSLA) CEO Elon Musk, whose company is non-unionized, weighed in on a post by Creative Planning’s Chief Market Strategist Charlie Bilello, who summarized the union’s demand.
The union is demanding a 40% increase in hourly pay over four years. Among the other demands are a reduced four-day, 32-hour workweek; a shift back to defined benefit pensions; cost of living adjustments; five-plus weeks of ...