The EV shift does carry a risk for automakers. It reflects a broader trend over the past year that was made possible in part by a strong job market as the unemployment rate is at a healthy 3.9%. On Wednesday, Hollywood actors joined script writers by achieving a tentative contract agreement after a prolonged strike. Unionized nurses, truck drivers and others also negotiated to receive pay raises by pushing their employers to recognize the value of their work. O’Malley Dillon said the UAW contracts and the auto plant reopening reflect a larger focus on workers by the president. adults have consistently given Biden low marks on the economy after a burst of inflation as the pandemic began to recede. Many voters still feel dour about the overall economy, and there is an open question as to whether the UAW contract and signs of wages outpacing inflation can change their views. But the success of the factory and of the tentative contract with workers will ultimately hinge on the ability of automakers to keep generating profits as they shift toward electric vehicles in a competitive market. The resolution of the strike was an early victory for what Biden says is a worker-centered economy. Stellantis agreed to hire back 1,200 employees to build pickup trucks and to add 1,300 more workers for a battery factory.

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