For example, the current UAW strike seems very damaging. They're attacking the very nature of the auto companies and saying they don't even have the right to make money or try to profit, and demanding huge wage increases and further union expansion to include the battery plant.
Meanwhile the companies are losing 30k+ per EV sold and are only about 10% of Tesla's size, and Tesla has something like an 18% profit margin even after price reductions.
The unions might win locally but put the companies out of business in five or ten years by slowing them down. So, this structure of a single union led by a guy who's already independently wealthy and old and for whom the long term survival of the union doesn't matter monetarily, and the fact that the companies simply have to deal with him, and for electoral reasons both Biden and Trump showed up on the picket lines... I would quit if I were an exec there. Feels like they'll be driven out of business and bailed out either publicly or secretly within ten years. Market tracking this: https://manifold.markets/Ernie/will-ford-gm-or-stellantis-be...
