RaveVlog

Amna Nawaz:

Let me ask you about some of the things you are asking for.

And I want to put to you what Steven Rattner wrote. As you know, he served as President Obama's auto czar, essentially, helped negotiate that 2008 deal amid the financial crisis.

And he says: "Yes, absolutely, autoworkers deserve a pay raise, but they're not going to get" it. Automakers aren't going to meet your demands, he says because they can't. "Or, if they do," he wrote recently in The New York Times, "the workers are likely to pay the ultimate price."

His argument, essentially, that manufacturing, unlike services, can basically offset higher labor costs by just shifting their work elsewhere.

So, can the Big Three compete if they have to pay labor costs at two or three times what Toyota and Honda and Kia are paying?

ncG1vNJzZmivp6x7sa7SZ6arn1%2Bjsri%2Fx6isq2ejnby4e9SarmaooprAqrDEp6tmnJmosLa%2F0p6qZpqZmbKvecmooKehnpx6sbXCpJytZZyeu6Z5wKebZq2enryvv4ydnKaZnpnAbrLRqKRmmaWpvK6typ6prA%3D%3D