Soaring CEO pay commands spotlight in UAW strike against Big 3 US automakers
Autoworkers have demanded wage increases that match recent hikes in CEO pay. A strike launched by thousands of autoworkers against the Big 3 U.S. automaker s early Friday morning has spotlighted an issue raised by employees across the economy: The gap between CEO and worker pay. The United Auto Workers, or UAW, has demanded a 46% raise for workers over the next four years. The proposed pay increase slightly exceeds the combined 40% increase in CEO compensation over the past four years at the Big 3 -- General Motors, Ford and Stellantis, which owns Jeep and Chrysler, the union said. Over that same period, the average pay for autoworkers at those companies rose 6%, the union said. United Auto Workers Local 900 members strike outside the Michigan Ford Assembly Plant, in Wayne, Michigan, Sept. 15, 2023. Eric Cox/Reuters "While the Big 3 executives and shareholders got rich, UAW members, the workers, got left behind," UAW President Shawn Fain said on Facebook Live last month, sig...