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John Deere UAW
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IowaCenturyFarm
Posted 10/12/2021 10:25 (#9264906 - in reply to #9263916)
Subject: RE: John Deere UAW


If you think a wage increase has to impact the price of your tractor, you're not very good at math.

Deere has 69,634 employees. If you increased every worker's wage/benefits by $5/hour x 45 hours per week x 52 weeks per year, that's an additional cost of $814,717,800 per year. In Deere's worst year in the last 10 years, they produced earnings of $1.5B. They're on track to make $6B this year. They average earnings of $2.5-3B.

They can't afford a big increase every year, but it's not unreasonable for the employees to ask for a bump once in a while to catch up from the years where they basically got nothing. The way it is right now, management is asking the production people to give up benefits and take a small wage increase - basically no net gain - while the company and execs are raking it in.

It would be one thing if they weren't making money, but they are, and have increased prices by double digit percentages in the last year. Obviously that is not only due to increases in costs, or their profitability would be flat instead of way up.

If you want your people to stick with you through thick and thin, you'd better be willing to share when times are good if you asked them to stick by you and share the pain when they weren't. People don't forget. Anyone with a child's understanding of human psychology should be able to understand that, so I don't know why John May can't seem to wrap his head around it.
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