How UAW, Volkswagen vote could give unions 'leverage'

The United Auto Workers (UAW) is seeking to expand its unionization efforts beyond the Detroit Big 3 automakers (STLA, GM, F). Workers at Volkswagen's (VOW.DE) plant in Tennessee are voting on unionization, a pivotal moment for the labor organization. Cornell University's Director of Labor Relations, Arthur Wheaton, provides insights into the significance of this development. Wheaton notes that the Volkswagen vote is crucial because if the UAW can increase the number of unionized autoworkers in the United States, "it gives them more leverage at the bargaining table." When asked about the potential impact of the Volkswagen vote on the spread of unionization to other automakers, Wheaton acknowledges that "the reality is it's going to take a lot more work" — cautioning against the expectation that "all of the other plants will immediately get majority people to say yes we want the Union." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance. This post was written by Angel Smith