After securing landmark labor deals with Detroit’s “Big Three” automakers, the United Auto Workers (UAW) union has expanded its reach to unionize non-union autoworkers, including those at Tesla Inc (NASDAQ:TSLA) and Toyota Motor Corp (NYSE:TM).
What Happened: In a pointed message on its website, the UAW urged non-union autoworkers to join and “win economic justice.”
UAW President Shawn Fain emphasized this call in a video, directing attention to the vast wealth of Tesla CEO Elon Musk, the richest person globally with a net worth of $230 billion.
Fain challenged the prevailing conditions, stating, “The money is there. The time is right. You don’t have to live paycheck to paycheck. You don’t have to worry about how you are going to pay your rent or feed your family while the company makes billions.”
Japan’s Toyota, despite announcing a ...