Join the discussion on the ongoing UAW strike and learn about Mike Pence’s take on CEO-worker pay disparity and the role of government in it.
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Hey, there everyone,
I recently tuned into an interview with Mike Pence, and what was the hot topic? The ongoing United Auto Workers (UAW) strike and the big difference in the pay between the bosses at big car companies and those working for them.
Let us dive into what was said.
Taking a Trip Down Memory Lane
Jake Tapper from CNN sat down with Mike Pence, and they returned to the 1960s.
That was when the big bosses at companies earned about 20 times more than the average worker.
Fast forward to now, and the gap is massive, with the head of General Motors earning 362 times more than a regular worker.
Can you imagine that?
Jake wanted to know what Pence thought about this, and he asked, “Do you think that’s fair?”
Should the Big Decisions Be Left to the Shareholders?
Mike Pence shared that he is a big fan of “free enterprise,” which means letting the market and the people owning shares in the company make big decisions like these.
He feels the government should not force companies to pay their bosses less.
He was clear, saying he is not into the idea of the government telling companies what to do regarding pay.
People Are Supporting the Strike
You will not believe this, but about 75% of Americans support the workers on strike.
It is a big deal because workers from Ford, General Motors, and Stellantis have all stopped working simultaneously, which has never happened before.
The Huge Gap Between a New Worker and the CEO
The president of the UAW, Shawn Fain, spotlighted how big the pay gap is.
He said that a new worker at an Ohio plant would have to work full-time for 16 years to earn what the CEO of General Motors makes in a week.
That is a long, long time.
Who is to Blame for the Strike?
Now, Pence has his thoughts about why this strike is happening.
He believes it is because of the policies of the current president, Joe Biden.
According to him, it is not just about the pay difference between the top bosses and the workers but the effects of the government’s actions.
When asked whose side he is on, Pence stated he stands with the American workers and their families, blaming the “failed policies of the Biden administration” for the current scenario.
What Do You Think?
What are your thoughts on this matter?
The conversation between Jake and Pence sure opened up a big discussion about the money big bosses earn compared to their workers.
It also raised questions about the government’s role in all this.
Feel free to share your thoughts below.
Let us keep the conversation going!
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