‘Free Enterprise’: Mike Pence Has No Beef With CEO Pay As Auto Workers Strike

Former Vice President Mike Pence pivoted to speak of “free enterprise” after CNN’s Jake Tapper confronted him with examples of pay disparity between CEOs and staff amid the United Auto Employees strike.

Tapper, in an interview with Pence on Sunday, requested the GOP presidential candidate about an “issue of general fairness” as he introduced up the distinction in pay after staff started a strike towards the “Big Three” automakers on Friday.

“In 1965, during this era of the great middle-class expansion in the United States, CEOs made about 20 times what their typical workers made. But, as I noted to you, the CEO of [General Motors] makes 362 times what her typical employees make,” Tapper famous earlier than his query to Pence.

“I just want to make sure I get an answer from you. Is that OK? Do you think that’s fair?”

Pence advised Tapper that it needs to be left to the shareholders of GM.

“I’m somebody that believes in free enterprise. I think those are decisions that can be made by shareholders and creating pressure,” Pence mentioned.

He continued: “And I’ll fully support how these publicly traded companies operate. I’m not interested in government mandates or government bullying when it comes to those kind of issues.”

The strike – which 75% of People assist – marks the primary time that the UAW union have taken half in a simultaneous work stoppage at Ford, Normal Motors and Stellantis.

About 150,000 union members work on the three automakers whereas others depend on manufacturing on the corporations, as properly.

UAW President Shawn Fain pointed to the hourly beginning wage of an Ohio plant employee in comparison with the pay of the GM CEO Mary Barra, including {that a} newly employed particular person “would have to work full time for 16 years to earn what” Barra makes in every week.

Pence, who has blamed the strike on Biden’s financial insurance policies, mentioned he doesn’t assume the strike is “about the usual fault lines” of wage variations between white-collar and blue-collar staff.

The previous vice chairman, when requested whether or not he sides with the CEOs or the union, mentioned: “I side with American workers. I side with all American families. I side with the people of this country, Jake, that are living under the failed policies of the Biden administration.’”

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