The Economic Impact of a Potential UAW Strike on the US Auto Industry

A potential strike by the United Auto Workers (UAW) against the "Big Three" Detroit automakers could cost the US economy over $5 billion in just 10 days, according to an analysis by the Anderson Economic Group. The estimate includes manufacturer losses of $989 million and lost direct wages of $859 million. The UAW's current contract with General Motors, Ford, and Stellantis expires on September 14, and about 146,000 UAW workers are set to vote on whether to authorize a strike. The main point of contention is higher pay, with the union seeking more than 40% general pay raises for rank-and-file members over four years. Negotiations have made little progress so far, with automakers facing challenges in the shift to electric vehicles.