Representative Alexandria Ocasio-Cortez (D-NY) has expressed her disapproval of CNBC’s Jim Cramer for suggesting that the Big Three automakers temporarily relocate their production to Mexico during the ongoing United Auto Workers (UAW) strike.
What Happened: During the UAW strike that has caused disruptions for major automakers in Detroit, Cramer made a controversial proposal.
He suggested that General Motors Corp. (GM), Ford Motor Co. (F), and Stellantis NV (STLA) should move their auto production to Mexico for two years.
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Cramer argued that by relocating to Mexico, the Big Three could take advantage of lower wages and less stringent pollution regulations, reducing labor costs and avoiding the challenges posed by the UAW strike.
Cramer’s unexpected suggestion, made during a CNBC segment, caught many off-guard, including his co-hosts. AOC responded, saying, “Glad to see you’re standing up for the American worker, Jim. Thanks for that.”
AOC criticized the proposal, questioning the patriotism of those who make such suggestions.
Why It’s Important: The UAW strike, sparked by disagreements over wages and benefits, has had significant consequences and caused a supply chain crisis. There are concerns about parts shortages, with GM acknowledging that it may run out of essential components for its operations.
However, the UAW has announced that negotiations will resume on Saturday.
Photo by lev radin on Shutterstock
