Auto workers march into the fifth day of their historic labor strike, threatening to expand the strike if progress isn't made in the ongoing talks with the Big Three automakers, Ford (F), General Motors (GM), and Stellantis (STLA). Cornell University School of Industrial and Labor Relations Senior Economic Advisor Erica Groshen joins Yahoo Finance Live to discuss technological advancements present in the automotive industry and the greater impact the United Auto Workers' strike could have on overall labor conditions.
"This actually could be good if it ushers in an economic period like we had in the 1960s when unionism was more widespread and there was more activism," Groshen explains. "But this is a period with very high productivity growth, improved living standards for all workers, less inequality than we see now — so it could be turning the corner to get back some of the salient features that we've had before."
