UAW STRIKE Would Hurt The Economy - Auto Expert Explains

The United Auto Workers (UAW) strike at the US's three major unionized automakers, and a walkout could cost the economy billions. A 10-day strike could cost the economy $5.6 billion and hurt Biden in the election.

A strike by the United Auto Workers union against Ford, General Motors, and Stellantis — which started Friday, September 15, 2021 — could damage the economy and drive up inflation, the economic-consulting firm Anderson Economic Group said in August. A 10-day strike of over 143,000 workers could reduce the nation's gross domestic product by $5.6 billion, AEG found, which could push Michigan into a recession.

Nearly $1 billion of this total would come directly from company losses, while another $859 million would be lost from worker pay, AEG estimated. The industry overall would lose over $3.5 billion, AEG projected. The automotive industry makes up about 3% of US GDP.

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