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Scott Galloway shares what he thinks are the best and worst parts of the new WGA deal.

October 02, 2023 / 01:06

This episode discusses the recent developments in labor negotiations involving the Writers Guild and the UAW, highlighting key concessions and challenges faced by unions.

The conversation begins with a correction regarding the impact of the negotiations on the Writers Union, noting that it remains intact despite earlier predictions. The hosts mention that the union achieved some concessions, though they question the media's portrayal of these victories.

Specific attention is given to the UAW's rejection of a 20 percent wage increase, emphasizing the strength of the auto industry compared to the weaker dynamics of the streaming and media markets.

One significant achievement highlighted is the establishment of minimum riders in rooms, which is seen as a crucial step for the future of the industry. The hosts express support for the studios' investment in an apprenticeship program as a positive development.

TL;DR

The episode critiques labor negotiations, highlighting union achievements and media bias in reporting on wage increases.

Video

00:00:00
first off let me acknowledge I said it
00:00:01
would break the backs of the Union the
00:00:04
writers Union similar to the coal miners
00:00:06
I was wrong the writers Union is going
00:00:09
to be intact I think they did get some
00:00:13
I don't know substantive concessions
00:00:16
um but I don't quite frankly I I I think
00:00:20
there's some liberal media bias here
00:00:22
calling this thing they call it
00:00:24
exceptional the media takes a bait and
00:00:26
says substantial
00:00:28
you know substantial Victory the auto
00:00:31
the UAW has been offered 20 and they've
00:00:34
rejected it why because the Auto
00:00:36
industry is strong and the Dynamics of
00:00:39
the streaming and the media Market are
00:00:40
weak and they're calling a five percent
00:00:42
increase in wages exceptional there are
00:00:45
some really wonderful things they got
00:00:47
the best in my view is they got minimum
00:00:49
riders in rooms it's a really important
00:00:51
thing because the way I see this is
00:00:53
basically they have forced the studios
00:00:54
to invest in the future and in an
00:00:56
apprenticeship program which we support
00:00:58
and that's that's a great idea here
00:01:02
foreign

Episode Highlights

  • Writers Union Resilience
    Despite predictions, the writers Union remains intact and has secured important concessions.
    “I was wrong, the writers Union is going to be intact.”
    @ 00m 06s
    October 02, 2023
  • Auto Industry Dynamics
    The strength of the auto industry contrasts sharply with the weaknesses in the streaming market.
    “The auto industry is strong and the Dynamics of the streaming market are weak.”
    @ 00m 36s
    October 02, 2023
  • Investment in Future
    The new agreements compel studios to invest in apprenticeship programs, ensuring future growth.
    “They have forced the studios to invest in the future.”
    @ 00m 53s
    October 02, 2023

Episode Quotes

Key Moments

  • Writers Union Strong00:06
  • Auto Industry Strength00:36
  • Future Investment00:53

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