“Workers have got the short end of the stick for decades now,” Warren told CNN in a phone interview. “And the government has been on the side of giant corporations. That is starting to change.”
“Workers know they are not just another input, as CEOs often call them. They are the heart and soul that keep businesses running,” Warren said.
When asked if she supported the striking Deere activists, Warren emphatically said, “Yes.”
‘People are tired of concessions’
Ninety-nine percent of UAW rank-and-file members rejected the ratification of a temporary six-year contract with Deere leading up to the union. The main sticking point on the contract focused on fairness for different workers with different pension plans, a person with knowledge of the negotiations told CNN’s Vanessa Yurkevich.
The strikes come at a time of booming profits in Corporate America — Deere’s net income for the first three quarters of the fiscal year ending November 1 is up 84% from the same period in 2019 — and a record high on Wall Street. Yet it is also a difficult time as businesses struggle to find workers.
“It is a sign of the times, companies are short of cash, labor is short, and people are tired of the concessions they have had to make and they know it is their time. Conditions are favorable for workers, Knowledge of the talks with the person told CNN.
A declined contract at Deere would have paid the average production worker approximately $72,000 at the end of the contract, compared to approximately $60,000 the previous year. The contract also included a cost of living adjustment and a return of improved benefits.
For Warren, the strike is about making sure workers get their fair share.
“Workers believe that when they come together through union,” she said, “they can exercise real power and ensure that the profits of the business are more evenly distributed among shareholders, executives and workers.” are shared – the ones that really work.”
—CNN’s Chris Isidore and Vanessa Yurkevich contributed to this report.