John Deere strike imminent?

[AuH2O]

I disagreed because with the current environment EVERY employee should be looking to improve their compensation. It's a employee's market and quite frankly this doesn't happen that often so take advantage of it.

Yes exactly. There's way too much complacency by employees. Use leverage in the times you have it, because you know employers will use it when the markets are in their favor.

 

[Sigmapolis]

Yes exactly. There's way too much complacency by employees. Use leverage in the times you have it, because you know employers will use it when the markets are in their favor.

One of my bedrock rules about life --

Never fault somebody for getting themselves paid.

 

[isufbcurt]

One of my bedrock rules about life --

Never fault somebody for getting themselves paid.

 

[KnappShack]

Yes exactly. There's way too much complacency by employees. Use leverage in the times you have it, because you know employers will use it when the markets are in their favor.

Employers will sure as **** use leverage when they have it.

 

[AuH2O]

As the math above showed, the person receiving a 6% return (which is below the long-term average return of the S&P 500) over the course of a lifetime would have around twice their working income when they return in perpetuity. The SS recipient would have only a fraction of working income. The second scenario you described could not happen; they would not be able to outlive that long-term income.

Trying to use the disability insurance program to cover for the flaws in the old age program in SS goes to show the weaknesses in the structure of the latter. They're not really a package deal. There's no reason you could not leave the disability insurance unchanged while allowing the old age program to generate market-average returns instead of no returns at all. As I said, it's a much better deal to American workers.

You seem to think my aim is just to blow everything up. Nah, not really. The goals the SS program was created to address -- old age income security and disability insurance -- are worthy ones. I'm just not convinced it is done in the most efficient way right now. "If you are going to do it, then do it right," and there is really no case what we're doing now is the best way. It's almost comical how conservative you want to be.

Crashing a market that bad would require something like a nuclear war. One of those classic "you've got bigger things to worry about" scenarios than your retirement accounts' savings at that point.



I still don't get you.

You do realize that nearly 60% of your IPERS is in the market, right?

Some subset of that is in private equity, too, which is even riskier than the S&P 500?

Why aren't you panicking? You keep ignoring this point.

Big bank fat cats are gambling yer retirement on the Wall Street Casino!!!

 

[deadeyededric]

Imagine being jealous other people have chosen to join a union and be able to bargain wages. Join a union and you can do the same. Maybe they don't make too much you just make horrible wages.

 

[Sigmapolis]

Employers will sure as **** use leverage when they have it.

We're all in business. We're all in sales. Some of us just don't know it.

You're selling your labor. They're buying it. It's a transaction. Treat it like one.

 

[BryceC]

People hate union workers when they find out how much money they make. That's always been the case. Unions are so bad you know. Hell I make about 75/hr when you figure in my benefits.

I don't have a problem with what anybody makes. It does drive me a little crazy when there are people upthread that talk like this:

As a 20-something, it's amazing to me to hear about the old days where someone could go work at a factory right after high school graduation, stay in the same company for 47 years, with a spouse who stays home and two kids, and still be able to afford a house and a car and expenses for the kids - all with a pension at retirement at 65. And they'd work a solid 40 hours a week on the floor and no more.

The world has changed so much, in worker-unfriendly ways.

There is a subset of people that assume the company is screwing these guys over and have no idea how much they make.

 

[MeowingCows]

I disagreed because with the current environment EVERY employee should be looking to improve their compensation. It's a employee's market and quite frankly this doesn't happen that often so take advantage of it.

100%. Literally everyone with a job right now, not just JD workers, have a ton of leverage to up their compensation. Tons of jobs available and a rapidly-changing market means workers hold the cards.

 

[Pope]

Deere management has been using their leverage for the last 50 years to reduce the wage workers' pay and benefits. It's rare when workers actually have leverage, so I can understand completely why they wish to use it now. I just hope it doesn't backfire and cause the company to more their manufacturing to Mexico.

 

[BryceC]

Imagine being jealous other people have chosen to join a union and be able to bargain wages. Join a union and you can do the same. Maybe they don't make too much you just make horrible wages.

Not jealous at all, just don't think people should buy into the propaganda.

I said it earlier, they won't have this kind of leverage again for a long time and if they want to strike they are perfectly within their rights to do so and they should go for it.

 

[Sigmapolis]

100%. Literally everyone with a job right now, not just JD workers, have a ton of leverage to up their compensation. Tons of jobs available and a rapidly-changing market means workers hold the cards.

Probably my closest "work friend" found another job and threated to leave a few weeks ago.

Our bosses panicked to keep him.

Promotion
Significant salary boost (+25% or so)
More of an R&D role
Two entry-level hires to train up as assistants

He's pretty happy now. Strike while the iron is hot.

 

[dafarmer]

When people always bitched about unions and their wages, my uncle would come back with "When people make a good and decent wage, they spend it. With more money in the economy, there is more money to spend on our products".

 

[Entropy]

I admit, I'm impressed.

 

[1UNI2ISU]

Probably my closest "work friend" found another job and threated to leave a few weeks ago.

Our bosses panicked to keep him.

Promotion
Significant salary boost (+25% or so)
More of an R&D role
Two entry-level hires to train up as assistants

He's pretty happy now. Strike while the iron is hot.

It's truly a great time for the worker for the first time in my adult life.

I changed employers in May, they found me and offered a significant pay increase over what I was making with triple the time off and a more complex benefits package. My ex-employer chose not to match it and the position that I left still sits unfilled today.

Strike while it's hot.

 

[Entropy]

When people always bitched about unions and their wages, my uncle would come back with "When people make a good and decent wage, they spend it. With more money in the economy, there is more money to spend on our products".

"We all do better when we all do better."

 

[agcy68]

It would be interesting to know the details of the Deere Labor contract. I worked for Ford for 17 years. I would expect that the wages and benefits are similar at Deere. It is tough, because a lot of these employees likely have benefits most of us can only dream of and they don't want to give them up, but that really isn't the standard in the US anymore. The fact that the UAW negotiators agreed to a contract and the members voted it down by 90%-10% is pretty alarming. I was employed at a plant that employed 3500 people. It closed after similar negotiations. In the end the company agreed to all the union demands, but then they slowly killed the plant by not putting any new business in the plant. It all went to Mexico.

John Deere 2021 Contract | UAW

Resources for UAW Members on the COVID-19 / Coronavirus disease.

uaw.org

 

[deadeyededric]

Not jealous at all, just don't think people should buy into the propaganda.

I said it earlier, they won't have this kind of leverage again for a long time and if they want to strike they are perfectly within their rights to do so and they should go for it.

Well the union does their b.s. too. I'm not saying they don't.

 

[theguru1]

Pretty darn good offer they rejected. Doesn't make them look too good in the public eye IMO.

$1.25 raise in an employee’s market is a good offer?

 

[jbhtexas]

Probably my closest "work friend" found another job and threated to leave a few weeks ago.

Our bosses panicked to keep him.

Promotion
Significant salary boost (+25% or so)
More of an R&D role
Two entry-level hires to train up as assistants

He's pretty happy now. Strike while the iron is hot.

Been there, seen that...numerous times. He'll be one of the first lopped off during the next layoff, especially since there will be lesser-paid underlings who will have at least an idea of how to do his job.