It’s the final day for the Huge Three to come back to an settlement with the United Auto Employees union earlier than the contract expires and the UAW plans to go on strike. We’re nonetheless holding out hope that they’ll have the ability to attain a good deal earlier than tomorrow, nevertheless it’s fully attainable that they received’t. Contemplating the affect {that a} strike in opposition to all three automakers on the similar time may have on the financial system, it’s obtained lots of people speaking. Together with, sadly, Jim Cramer.
When you’re not conversant in who Jim Cramer is, contemplate your self fortunate. Besides, sadly for you, you’ve clicked on this text and at the moment are about to have somewhat little bit of your life ruined. That’s our fault, and for that, we apologize. However mainly, he’s an CNBC finance man who is usually identified for being incorrect about virtually every thing.
So, after all, he needed to weigh in on the UAW’s contract negotiations. His huge thought? As an alternative of negotiating a good take care of the union, the Huge Three ought to simply transfer all auto manufacturing to Mexico the place they will pay employees 5 {dollars} an hour. In line with Cramer, the Huge Three may lower your expenses on labor, however he additionally factors out that they wouldn’t must hold their factories clear since there are fewer air pollution legal guidelines. Genius!
It’s such an insane thought, you may even see Cramer’s cohosts had no thought it was coming. “Glad to see you’re standing up for the American employee, Jim. Thanks for that,” one says as quickly as Cramer finishes his rant. Yeah, thanks, Jim. That’s some actual genius stuff you’ve provide you with. Let’s simply transfer the whole thing of American auto manufacturing to a different nation so firms can lower your expenses and don’t must pay their employees pretty. You’re an actual patriot, and everybody ought to take your recommendation: