The US United Auto Workers Union with a 40% pay hike claim.
Wall Street Journal reporting:
- union conveyed this demand to the automakers this week, according to people with knowledge of the matter, along with a list of other items they plan to press for at the bargaining table
- The 40% pay hike would be a general increase over the life of the next four-year contract, although it is still not clear how exactly it would be applied, the people say.
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If this is indicative of pay rise demands more widely amongst US workers (it probably isn't, but still) then perhaps more $$$ in payp[ackets will support price pressures. And maybe the Fed is not done hiking after all.
