I have no dog in this fight.
Curious what the starting wage for a line worker is there?
John Deere strike imminent?
- Thread starter ISUCyclones2015
- Start date
I have no dog in this fight.
Curious what the starting wage for a line worker is there?
$18 and change. No benefits, vacation or union protection for the first 7 months.
I was thinking it it was darn near $20/hr from some of the help wanted things I saw in the paper but maybe I'm imagining that.
A little surprised by this.
Two local food plants beat that wage easily and their margins aren't close to those green paint guys.
It is if you have 5 years assembly experience or come from a Deere contractor (i.e. Volt)(They also intentionally exclude Tyson) but if you just come off the street and get a foundry or line job it's $18.XX.
We're also incredibly unhealthy as a country which drives up costs for healthcare no matter how it's ran.
Less than 20% of all Fortune 500 companies have a pension anymore and that % has dropped by 8% since 2013. Most large Pharma companies still offer it for now. Companies don't want to take on that risk of pensions and rather offset it with a 401K.
Here let me fix this for you:
It's cheaper to offer a 401k than pension.
Boom that's the entire reason.
This remains the absolute dumbest argument people can make. Nobody says the CEO should make nothing. The other part is you are ignoring all the other executives that also make to much money.
CEO compensation has grown 940% since 1978: Typical worker compensation has risen only 12% during that time
The latest report in EPI’s annual series analyzing current and long-term trends in CEO compensation.www.epi.org
Executives deserve to be compensated well based on the stress and challenges they have to deal with. What they don’t need is as much as they get.
This is the problem with how all companies are run in this day and age. Executives are incentivized to increase the value of their stock price not the value of their company. Businesses are short sighted to only what is best for the next quarter instead of the next 5 years.
It probably isn’t as big of a deal directly with John Deere but when companies cut pay their workers can no longer afford their products which leads them to cutting costs and a vicious cycle until the company fails. I was just watching a documentary on the history channel and you saw that with Ford. When they started out they paid workers more than others so that the workers could afford a car. Then once they started cutting costs the workers couldn’t afford the cars and the company lost profitability.
By what standard?
It's also easier to plan for - you don't need to worry about what is going to happen 50 years from now.
I know it's unpopular but I like 401k's and I think they are superior to pensions as long as people fund them. They are portable between employers, and most companies have a match and everything.
There is a lot of variables, but the the range can go up to $30/hr
I like them too personally but my 401k matching and other benefits like the mega backdoor IRA option my employer allows along with the 401k is hard to beat
The problem with a pension is that when you die, the money goes away. With a 401K or IRA it can be handed down to beneficiaries (wife, kids, etc) so that makes it better in my opinion.
Health insurance and 401K. I know plenty of people like this that don’t spend a dime from their corporate job and use it as retirement savings.
My dad worked 41 years at Deere, died 10 days before his retirement and my mom never saw a dime of his pension.
My father's pension from Firestone was able to go to his estate. It wasn't a full one since he was only there 12 years or so. Have things changed?
