NE NEBRASKA | Are you saying a machinist for Deere was making $20 in 1980? That'd be $64 an hour today.
AaronSEIA
A news story from around 1986 said this:
Under the old contract, the average Deere worker received wages and benefits of $24.64 an hour, with the average base pay being $14.85 an hour.
Now this current contract problem is this:
The main point of contention for workers was the three tiered-system of wages and benefits, which added another tier of workers on top of the already two-tier system. According to the proposal, newer workers hired after September 2021 will not be eligible for pensions. They will instead be put on a cash-balance plan and will see a contribution from their wages into a pension fund under the 401(k) plan.
The system also only offers those hired before 1997 a full pension and post-retirement health coverage, at par with what they were offered under their current employee plan. Those who were hired between 1997 and 2021 were not eligible for post-retirement health insurance and would be given only a third of the pensions that the pre-1997 employees would enjoy.
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