US autoworkers union wants a 40% pay rise from Detroit automakers

<p>The US United Auto Workers Union with a 40% pay hike claim.</p><p>Wall Street Journal reporting:</p><ul><li>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</li><li>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.</li></ul><p>—</p><p>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.</p><ul><li><a href="https://www.forexlive.com/centralbank/goldman-sachs-on-the-fed-vs-the-ecb-fed-done-hiking-one-more-to-come-from-the-ecb-20230803/" target="_blank" rel="follow" data-article-link="true">Goldman Sachs on the Fed vs. the ECB. Fed done hiking. One more to come from the ECB.</a></li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.