Union criticizes climate bill - China’s economic woes - "The Blind Side" allegation

Source: Bloomberg

1. Summary
   Shawn Fain, president of the United Auto Workers, criticized aspects of President Biden's Inflation Reduction Act this week. The IRA grants billions to incentivize automakers to produce electric vehicles, but does not have accompanying measures requiring strong wages or working conditions. "Money can’t go to companies with no strings attached. Labor needs a seat at the table. [...] This is the future of the car industry at stake," Fain said.
   
   The White House maintains that the incentives will produce good-paying union jobs. But unions worry that auto employment will decrease, as electric vehicles require fewer parts to manufacture. Critics also note that new EV plants are being built in states with weaker labor laws. The UAW has so far withheld its endorsement for Biden's 2024 campaign.
   
   Fain's remarks come as the UAW negotiates its next contract with Detroit's big automakers (Ford, General Motors, and Dodge owner Stellantis). The union is seeking a 40% pay increase and a variety of other benefits for 146,000 workers. Some worry a potential strike would raise car prices.

   Highly-rated - last 48 hrs
   Biden’s climate bill leaves workers behind in shift to electric cars, union says.
   The Guardian (Moderate Left) • Factual Grade 77% • 4 min read
   

1. Different political viewpoint
   United Auto Workers' contract talks with Detroit automakers heat up as strike threat looms.
   Fox Business (Moderate Right) • Factual Grade 68% • 2 min read

1. Selected long-read
   Industrial policy without industrial unions. (2022)
   American Prospect (Left) • Factual Grade 92% • 21 min read

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