HomeAmericaElizabeth Warren backs Deere strike, says workers 'have got the short end...

Elizabeth Warren backs Deere strike, says workers ‘have got the short end of the stick’ for ‘decades’

“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.

There are almost a record number of job opportunities in the United States right now, and the labor shortage is helping raise inflation and weakening global supply chains.

“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 A record 4.3 million people lost their jobs In August, there is more evidence of leveraged workers in today’s economy.

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.

Brad Morris, Deere’s Vice President of Labor Relations, said: “We are determined to reach an agreement with UAW that will place every worker in a better economic position and continue to make them the highest-paid workers in the agriculture and construction industries. ” one in Statement. “We will continue to work day and night to understand the priorities of our employees and resolve this strike.”

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.


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