Business
Auto strike poses key test for pro-labor Biden on September 17, 2023 at 12:00 pm Business News | The Hill

The United Auto Workers (UAW) strike could have major political implications for Joe Biden, who has repeatedly framed himself as the most pro-labor president in history.
Biden, who is running for reelection with a dismal approval rating, has worked to secure political support from blue-collar workers. But his pro-union bona fides and claims of U.S. manufacturing success are at stake with strike, which his administration tried and failed to prevent.
It was a blow to Biden when a deal wasn’t made after months of negotiations between the UAW and Ford, Stellantis and General Motors. Much of the economic gains during his presidency, for which he has already struggled to get credit, could be threatened.
Negotiations have been focused on pay increases, pensions, career security and workers concerns over electric vehicles (EVs). Biden, an unapologetic “car guy,” leaned into his support for the auto workers on Friday, saying that record corporate profits “should be shared by record contracts for the UAW.”
Biden said he is dispatching acting Labor Secretary Julie Su and director of the National Economic Council Gene Sterling to Detroit to talk to both sides. But looming over such moves is the fact that the UAW has not yet endorsed Biden for 2024, despite most major unions announcing their backing of him months ago.
The UAW said, however, that it wouldn’t endorse former President Trump, and union President Shawn Fain went so far earlier this month as to say that Trump is “not a person I want as my president.”
Democrats lost many union workers in 2020 in states such as Ohio to Trump, whose anti-free trade message and other rhetoric resonated with the labor vote. That came after union households had already somewhat shifted blue-to-red in 2016.
“Why did Democrats lose the Midwest? Why did the blue wall crumble? It’s because they allowed good union jobs in the auto industry to be offshore,” said Joseph Geevarghese, executive director of Our Revolution. “This strike is an opportunity for the president to … say to the Big Three, ‘You’re incredibly profitable, we’re going to invest in you, but the return in investment we need to see is for working class Americans.’”
“Failure to do so, I think, will mean he risks losing working class voters. They either sit it out or they vote for a Donald Trump-like figure who won his election by promising to champion the deindustrialized Midwest,” Geevarghese added.
Biden’s campaign has an enthusiasm problem, with voters often citing his age as a major issue and his approval rating lingering just below 40 percent. The lack of excitement from some progressives such as college students and climate activists threatens a low voter turnout but not necessarily a vote for Trump or some other GOP nominee.
Union workers, however, could be a group that votes for a Republican, something that already occurred in 2016, instead of just not showing up for Biden.
When asked about pressure on Biden considering that Michigan, which he won in 2020, is an essential state in 2024 and workers are an essential demographic to win, White House press secretary Karine Jean-Pierre said, “there are always unique sets of circumstances when we’re talking about collective bargaining with unions.”
Biden has made a major push for a transition towards electric cars, and when the UAW said it would withhold its endorsement for Biden, it cited concerns over the White House’s focus on EVs.
Trump on Wednesday urged the UAW to make repealing Biden’s push for EVs its “top, non-negotiable demand in any strike,” warning that if the policy stands, “all your jobs will be sent to China” because “there’s no such thing as a ‘fair transition.’”
Biden’s reelection campaign in response argued Trump will say anything to distract from his own record and said that Trump suggested in 2015 moving some car production from Michigan.
“Under Trump, autoworkers shuttered their doors and sent American jobs overseas. Under Trump, auto companies would have likely gone bankrupt, devastating the industry and upending millions of lives,” said Ammar Moussa, a Biden-Harris spokesperson.
When asked if the strike is a result of the president’s push towards the EV transition, Jean-Pierre on Friday said, “No, we don’t believe that to be.” She added that EV sales are hitting record highs and prices for the vehicles are coming down.
While the White House has maintained it won’t intervene in the negotiations, Sterling and Su are being deployed as coordinators between the two sides.
But Biden’s Friday comments came across as a firm endorsement of the workers.
He said UAW members have “extraordinary skill and sacrifices” and that the UAW is “at the heart of our economy.”
“This is a question of whether cars are going to be made here at home or in China and overseas. Joe Biden is not going to turn his back on American manufacturing. He’s been clear he’s supporting workers during this process,” a Biden adviser told The Hill.
Michael Starr Hopkins, a Democratic strategist, argued that Biden personally fights for working Americans and his vision has always been to support not just the wealthy.
“The name Biden is synonymous with working Americans. That’s why Americans overwhelmingly believe that Joe Biden wakes up every day fighting for their futures. The president knows what it’s like to live in a home that’s paycheck to paycheck. It’s personal to him,” Hopkins said.
Biden maintains strong support other labor groups, and his reelection was endorsed in June by AFL-CIO head Liz Schuler, AFCME President Lee Saunders and others.
Unions cite his gains for workers, including investments in infrastructure, manufacturing and clean energy jobs through legislation including the Inflation Reduction Act, CHIPs and Science Act and Infrastructure Law.
Jean-Pierre on Friday did stop short of saying Biden supports UAW’s demand for a 40 percent increase and she wouldn’t confirm any upcoming conversations between Biden and Fain.
“This is a which side are you on moment going into a presidential election season. Is he really on the side of workers? If so, he should stand with the UAW and put pressure on the Big Three,” Geevarghese said.
On the other side, the business community is taking note that the president appears to be leanings away from support for the auto giants during this strike.
“The UAW strike and indeed the ‘summer of strikes’ is the natural result of the Biden administration’s ‘whole of government’ approach to promoting unionization at all costs,” Chamber of Commerce President Suzanne Clark said in a statement.
Hollywood writers and actors have been striking for weeks over fair pay and benefits, and major strikes were only barely averted for UPS staffers and West Coast dockworkers.
The Teamsters, ahead of its deal with UPS, had asked the White House not to intervene if workers’ strike.
The administration did intervene last fall to avoid a nationwide railroad strike. Biden called into talks between negotiators, led by former Labor Secretary Marty Walsh, and made clear a shutdown of railways was unacceptable. Then, following 20 hours of negotiations, a deal appeared to avoid a strike that could have crippled the U.S. supply chain.
At the time, the president hailed the tentative agreement to avoid a nationwide railroad strike as proof that unions and management can work together.
Months later, Biden chose to make remarks in front of a room full of union workers for his first speech since announcing his reelection bid in April.
“I make no apologies for being the most pro-union president. And I’m proud of it,” Biden said at a North America’s Building Trades Union conference. “We — you and I together — we’re turning things around and we’re doing it in a big way.”
Administration, Business, Campaign The United Auto Workers (UAW) strike could have major political implications for Joe Biden, who has repeatedly framed himself as the most pro-labor president in history. Biden, who is running for reelection with a dismal approval rating, has worked to secure political support from blue-collar workers. But his pro-union bona fides and claims of U.S….
Business
Google Accused Of Favoring White, Asian Staff As It Reaches $28 Million Deal That Excludes Black Workers

Google has tentatively agreed to a $28 million settlement in a California class‑action lawsuit alleging that white and Asian employees were routinely paid more and placed on faster career tracks than colleagues from other racial and ethnic backgrounds.
- A Santa Clara County Superior Court judge has granted preliminary approval, calling the deal “fair” and noting that it could cover more than 6,600 current and former Google workers employed in the state between 2018 and 2024.

How The Discrimination Claims Emerged
The lawsuit was brought by former Google employee Ana Cantu, who identifies as Mexican and racially Indigenous and worked in people operations and cloud departments for about seven years. Cantu alleges that despite strong performance, she remained stuck at the same level while white and Asian colleagues doing similar work received higher pay, higher “levels,” and more frequent promotions.
Cantu’s complaint claims that Latino, Indigenous, Native American, Native Hawaiian, Pacific Islander, and Alaska Native employees were systematically underpaid compared with white and Asian coworkers performing substantially similar roles. The suit also says employees who raised concerns about pay and leveling saw raises and promotions withheld, reinforcing what plaintiffs describe as a two‑tiered system inside the company.
Why Black Employees Were Left Out
Cantu’s legal team ultimately agreed to narrow the class to employees whose race and ethnicity were “most closely aligned” with hers, a condition that cleared the path to the current settlement.

The judge noted that Black employees were explicitly excluded from the settlement class after negotiations, meaning they will not share in the $28 million payout even though they were named in earlier versions of the case. Separate litigation on behalf of Black Google employees alleging racial bias in pay and promotions remains pending, leaving their claims to be resolved in a different forum.
What The Settlement Provides
Of the $28 million total, about $20.4 million is expected to be distributed to eligible class members after legal fees and penalties are deducted. Eligible workers include those in California who self‑identified as Hispanic, Latinx, Indigenous, Native American, American Indian, Native Hawaiian, Pacific Islander, and/or Alaska Native during the covered period.
Beyond cash payments, Google has also agreed to take steps aimed at addressing the alleged disparities, including reviewing pay and leveling practices for racial and ethnic gaps. The settlement still needs final court approval at a hearing scheduled for later this year, and affected employees will have a chance to opt out or object before any money is distributed.
H2: Google’s Response And The Broader Stakes
A Google spokesperson has said the company disputes the allegations but chose to settle in order to move forward, while reiterating its public commitment to fair pay, hiring, and advancement for all employees. The company has emphasized ongoing internal audits and equity initiatives, though plaintiffs argue those efforts did not prevent or correct the disparities outlined in the lawsuit.
For many observers, the exclusion of Black workers from the settlement highlights the legal and strategic complexities of class‑action discrimination cases, especially in large, diverse workplaces. The outcome of the remaining lawsuit brought on behalf of Black employees, alongside this $28 million deal, will help define how one of the world’s most powerful tech companies is held accountable for alleged racial inequities in pay and promotion.
Business
Luana Lopes Lara: How a 29‑Year‑Old Became the Youngest Self‑Made Woman Billionaire

At just 29, Luana Lopes Lara has taken a title that usually belongs to pop stars and consumer‑app founders.
Multiple business outlets now recognize her as the world’s youngest self‑made woman billionaire, after her company Kalshi hit an 11 billion dollar valuation in a new funding round.
That round, a 1 billion dollar Series E led by Paradigm with Sequoia Capital, Andreessen Horowitz, CapitalG and others participating, instantly pushed both co‑founders into the three‑comma club. Estimates place Luana’s personal stake at roughly 12 percent of Kalshi, valuing her net worth at about 1.3 billion dollars—wealth tied directly to equity she helped create rather than inheritance.

Kalshi itself is a big part of why her ascent matters.
Founded in 2019, the New York–based company runs a federally regulated prediction‑market exchange where users trade yes‑or‑no contracts on real‑world events, from inflation reports to elections and sports outcomes.
As of late 2025, the platform has reached around 50 billion dollars in annualized trading volume, a thousand‑fold jump from roughly 300 million the year before, according to figures cited in TechCrunch and other financial press. That hyper‑growth convinced investors that event contracts are more than a niche curiosity, and it is this conviction—expressed in billions of dollars of new capital—that turned Luana’s share of Kalshi into a billion‑dollar fortune almost overnight.
Her path to that point is unusually demanding even by founder standards. Luana grew up in Brazil and trained at the Bolshoi Theater School’s Brazilian campus, where reports say she spent up to 13 hours a day in class and rehearsal, competing for places in a program that accepts fewer than 3 percent of applicants. After a stint dancing professionally in Austria, she pivoted into academics, enrolling at the Massachusetts Institute of Technology to study computer science and mathematics and later completing a master’s in engineering.
During summers she interned at major firms including Bridgewater Associates and Citadel, gaining a front‑row view of how global macro traders constantly bet on future events—but without a simple, regulated way for ordinary people to do the same.

That realization shaped Kalshi’s founding thesis and ultimately her billionaire status. Together with co‑founder Tarek Mansour, whom she met at MIT, Luana spent years persuading lawyers and U.S. regulators that a fully legal event‑trading exchange could exist under commodities law. Reports say more than 60 law firms turned them down before one agreed to help, and the company then spent roughly three years in licensing discussions with the Commodity Futures Trading Commission before gaining approval. The payoff is visible in 2025’s numbers: an 11‑billion‑dollar valuation, a 1‑billion‑dollar fresh capital injection, and a founder’s stake that makes Luana Lopes Lara not just a compelling story but a data point in how fast wealth can now be created at the intersection of finance, regulation, and software.
Business
Harvard Grads Jobless? How AI & Ghost Jobs Broke Hiring

America’s job market is facing an unprecedented crisis—and nowhere is this more painfully obvious than at Harvard, the world’s gold standard for elite education. A stunning 25% of Harvard’s MBA class of 2025 remains unemployed months after graduation, the highest rate recorded in university history. The Ivy League dream has become a harsh wakeup call, and it’s sending shockwaves across the professional landscape.

Jobless at the Top: Why Graduates Can’t Find Work
For decades, a Harvard diploma was considered a golden ticket. Now, graduates send out hundreds of résumés, often from their parents’ homes, only to get ghosted or auto-rejected by machines. Only 30% of all 2025 graduates nationally have found full-time work in their field, and nearly half feel unprepared for the workforce. “Go to college, get a good job“—that promise is slipping away, even for the smartest and most driven.
Tech’s Iron Grip: ATS and AI Gatekeepers
Applicant tracking systems (ATS) and AI algorithms have become ruthless gatekeepers. If a résumé doesn’t perfectly match the keywords or formatting demanded by the bots, it never reaches human eyes. The age of human connection is gone—now, you’re just a data point to be sorted and discarded.
AI screening has gone beyond basic qualifications. New tools “read” for inferred personality and tone, rejecting candidates for reasons they never see. Worse, up to half of online job listings may be fake—created simply to collect résumés, pad company metrics, or fulfill compliance without ever intending to fill the role.
The Experience Trap: Entry-Level Jobs Require Years
It’s not just Harvard grads who are hurting. Entry-level roles demand years of experience, unpaid internships, and portfolios that resemble a seasoned professional, not a fresh graduate. A bachelor’s degree, once the key to entry, is now just the price of admission. Overqualified candidates compete for underpaid jobs, often just to survive.
One Harvard MBA described applying to 1,000 jobs with no results. Companies, inundated by applications, are now so selective that only those who precisely “game the system” have a shot. This has fundamentally flipped the hiring pyramid: enormous demand for experience, shrinking chances for new entrants, and a brutal gauntlet for anyone not perfectly groomed by internships and coaching.
Burnout Before Day One
The cost is more than financial—mental health and optimism are collapsing among the newest generation of workers. Many come out of elite programs and immediately end up in jobs that don’t require degrees, or take positions far below their qualifications just to pay the bills. There’s a sense of burnout before careers even begin, trapping talent in a cycle of exhaustion, frustration, and disillusionment.
Cultural Collapse: From Relationships to Algorithms
What’s really broken? The culture of hiring itself. Companies have traded trust, mentorship, and relationships for metrics, optimizations, and cost-cutting. Managers no longer hire on potential—they rely on machines, rankings, and personality tests that filter out individuality and reward those who play the algorithmic game best.
AI has automated the very entry-level work that used to build careers—research, drafting, and analysis—and erased the first rung of the professional ladder for thousands of new graduates. The result is a workforce filled with people who know how to pass tests, not necessarily solve problems or drive innovation.
The Ghost Job Phenomenon
Up to half of all listings for entry-level jobs may be “ghost jobs”—positions posted online for optics, compliance, or future needs, but never intended for real hiring. This means millions of job seekers spend hours on applications destined for digital purgatory, further fueling exhaustion and cynicism.
Not Lazy—Just Locked Out
Despite the headlines, the new class of unemployed graduates is not lazy or entitled—they are overqualified, underleveraged, and battered by a broken process. Harvard’s brand means less to AI and ATS systems than the right keyword or résumé format. Human judgment has been sidelined; individuality is filtered out.

What’s Next? Back to Human Connection
Unless companies rediscover the value of human potential, mentorship, and relationships, the job search will remain a brutal numbers game—one that even the “best and brightest” struggle to win. The current system doesn’t just hurt workers—it holds companies back from hiring bold, creative talent who don’t fit perfect digital boxes.
Key Facts:
- 25% of Harvard MBAs unemployed, highest on record
- Only 30% of 2025 grads nationwide have jobs in their field
- Nearly half of grads feel unprepared for real work
- Up to 50% of entry-level listings are “ghost jobs”
- AI and ATS have replaced human judgment at most companies
If you’ve felt this struggle—or see it happening around you—share your story in the comments. And make sure to subscribe for more deep dives on the reality of today’s economy and job market.
This is not just a Harvard problem. It’s a sign that America’s job engine is running on empty, and it’s time to reboot—before another generation is locked out.













