Why a 36pc pay rise at US car makers won’t inflame inflation
The wage jump over four years demanded by US car workers would lift inflation only slightly, according to new analysis from Goldman Sachs and JP Morgan.
Washington | Joe Biden made history last week as the first modern US president to personally join an active strike when he stood on the picket line with members of the United Autoworkers Union near Detroit, Michigan.
Republican frontrunner Donald Trump followed a day later with a campaign visit to a non-unionised car parts marker to both show solidarity with industry workers while attacking Mr Biden’s rush to electric vehicles.
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Matthew Cranston is the United States correspondent, based in Washington. He was previously the Economics correspondent and Property editor. Connect with Matthew on Twitter. Email Matthew at mcranston@afr.com
