Talks between the UAW and the Detroit automakers continued on Monday as the U.S. strike dragged on for a fourth day with little sign of progress toward a deal.
The union and companies are at loggerheads over pay and benefits for workers. The three automakers have proposed 20% raises over the 4-1/2-year term of their proposed deals, though that is only half of what the UAW is demanding through 2027. The UAW at one point during the talks offered to lower its demand to 36%.
Treasury Secretary Janet Yellen said it was premature to forecast the strike's impact on the economy, which would depend on how long the action lasted and what was affected.
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