Detroit News: Marick Masters on UAW strike pay hike
The United Auto Workers on Tuesday increased its weekly strike allowance for members to $400 per week from $275, a signal of strength ahead of the union next year approaching the bargaining table with the Detroit Three automakers, according to experts. The Detroit-based union has the funds for it, they say. In March, its strike balance sat at nearly $826 million, according to the union. For context, in 2019, the UAW paid nearly $81 million in benefits to striking members, which included stipends to the 46,000 General Motors Co. employees during a 40-day national strike, the longest again GM in nearly 50 years. "It could have a difficult round of negotiations, and the UAW wants to be as well-positioned as possible," said Marick Masters, a professor at Wayne State University's Mike Ilitch School of Business. "I don’t think they’re signaling they're more likely to go out on strike than they would otherwise, but they're reflecting their prudence as an organization and have prepared themselves as a membership for any eventuality that may come to pass."