Just today 9/16/2023 the latest news:
President Biden said Friday that record-high corporate profits should be shared with workers, hours after the United Auto Workers (UAW) went on a historic strike.
Biden said that while he appreciates that the Big Three automakers have been working to make a deal on workers’ contracts with UAW, they failed to reach an agreement because the companies didn’t offer enough.
“I believe they should go further. … Record corporate profits, which they have, should be shared by record contracts for the UAW,” Biden said in remarks at the White House.
“Let’s be clear, no one wants a strike. No one wants a strike. But I respect workers’ rights to use their options under the collective bargaining system and I understand the workers’ frustration,” he added.