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Mar 17, 2024
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that decade, the changes that the working class or classes experience like to actually begin by noting uaw, douglas fraser, who at the time said that there seemed to be a one sided class war being fought against the working class. and when he's talking about that, he's talking about the sweeping economic changes and political changes that seem to undermine and threaten not just the labor movement, but the very livelihood of its members and of workers in general. let's talk just a few of those changes. some of the most important trends in employment labor had to do with the sort of phenomenal growth of the labor in the 1960s. some of those actually have to do with a slight growth in immigration, but it also had to do with the fact that more women and younger men and women were joining labor force. ironically, this occurs at the same time in which you saw decline in manufacturing productivity gains through automation and latex, tended to drive down for labor in but other notably the government sector. but also retail and clerical in the information sector in general were expanding. so unioni
that decade, the changes that the working class or classes experience like to actually begin by noting uaw, douglas fraser, who at the time said that there seemed to be a one sided class war being fought against the working class. and when he's talking about that, he's talking about the sweeping economic changes and political changes that seem to undermine and threaten not just the labor movement, but the very livelihood of its members and of workers in general. let's talk just a few of those...
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Mar 22, 2024
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auto industry has been the backbone of the economy for a century powered by the men and women of the uaw. [applause] we want the auto workers and industry to thrive right here in michigan and i know that unites us. [applause] so let's hope that both do what they do best. make the world's best cars and trucks with of the my vehicle rebate, we can lower cost to support to a union made future. next, housing. usually the largest expense in anyone's budget. right now too many spend more than half their income on their rent or mortgage. hours housing stock is nearly half of all units in michigan were built before 1970. young people site housing affordability as one of their top concerns. these are statewide challenges. in the school district they need housing for teachers who have nowhere else to live. on the west side there are not enough homes for growing families and i know they see higher rates when they reassign. in other words, the rent is too damn high-end we don't have enough houses. [applause] so our response is simple. build baby build. let's go. [applause] our target is clear in mic
auto industry has been the backbone of the economy for a century powered by the men and women of the uaw. [applause] we want the auto workers and industry to thrive right here in michigan and i know that unites us. [applause] so let's hope that both do what they do best. make the world's best cars and trucks with of the my vehicle rebate, we can lower cost to support to a union made future. next, housing. usually the largest expense in anyone's budget. right now too many spend more than half...
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Mar 8, 2024
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now, the agreement reached last week is a massive win for the uaw, american workers. veterans and the entire united states unions are good for america and unions are good for veterans. now to the topic at hand. the biden economy has pulled this country from what some believed was an inevitable recession, unemployment is down, wages are up, spending is up and inflation has cooled since the months immediately after the pandemic. does that mean everything is perfect? also, in the words of president biden, come on, man, no, more work is needed. we need to raise wages for veterans in the workplace to reflect the wage gains of the 1% and company executives. strengthen employment protection so guard and reserve members don't have to worry if their jobs will exist when they return from serving their country. ensure that opportunities for veterans of all backgrounds are fair. simplify the process for veterans to translate their skills in the military into the marketplace, and make it easier for veterans to start their own businesses. chairman bost, you and i have served togeth
now, the agreement reached last week is a massive win for the uaw, american workers. veterans and the entire united states unions are good for america and unions are good for veterans. now to the topic at hand. the biden economy has pulled this country from what some believed was an inevitable recession, unemployment is down, wages are up, spending is up and inflation has cooled since the months immediately after the pandemic. does that mean everything is perfect? also, in the words of...
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Mar 13, 2024
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i cite often in this committee that the ceo of stellantis which uaw was on strike with, the ceo makes 365 times what the average worker makes and that spokes volumes. senator is recognized. >> thank you, mr. chairman. late last year, i asked various regulators who came before the committee whether they believed the banking system was strong or not and they all answered yes. so today i would like to start with that same question forria. in your opinion, is the u.s. banking sector strong? >> on balance, the answer is yes. >> what are you balancing there? >> there are some risks and there are some institutions that will face stresses from commercial real estate that we know is significantly impacted,plerly office buildings by the pandemic. so it will have to be refinanced with higher interest charges, lower valuations and rising vacancy rates. so for some banks this will be a concern. on balance, i would say that the system is well capitalized. >> so one of the things that we have been looking at and i want to talk about you leading the council, you are obviously the chair of fsoc and th
i cite often in this committee that the ceo of stellantis which uaw was on strike with, the ceo makes 365 times what the average worker makes and that spokes volumes. senator is recognized. >> thank you, mr. chairman. late last year, i asked various regulators who came before the committee whether they believed the banking system was strong or not and they all answered yes. so today i would like to start with that same question forria. in your opinion, is the u.s. banking sector strong?...
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Mar 14, 2024
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eyesight often in this committee that the average ceo of domantas, the old chrysler, which uaw is on strike with, the ceo makes 140 times what the average worker makes. you are recognized. >> thank you, mr. chairman. late last year i asked various regulators who came before this committee whether they believed the banking system was strong or not and they all answered yes. so today i would like to start with that searing same question for you. in your opinion, is the u.s. banking sector strong? >> unbalanced, the answer is yes. >> what are you balancing there? >> well, there are some risks and there are some institutions that stresses from commercial real estate that we know is significantly impacted. particularly office buildings. but the pandemic interest rates are higher. loans will have to be refinanced and in a environment with higher interest charges, over evaluations, and rising vacancy rates. so, you know, for some banks this will be a concern. but i would say this system is well-capitalized. >> so one of the things that we have been looking at -- and i want to talk about you
eyesight often in this committee that the average ceo of domantas, the old chrysler, which uaw is on strike with, the ceo makes 140 times what the average worker makes. you are recognized. >> thank you, mr. chairman. late last year i asked various regulators who came before this committee whether they believed the banking system was strong or not and they all answered yes. so today i would like to start with that searing same question for you. in your opinion, is the u.s. banking sector...