Quote:
Originally Posted by HockeyIlliterate
The new contract is good for the residents of the cities where the Deere factories are located.
The new contract is likely not good for farmers and construction companies (and those who use and pay them), as their prices will likely increase.
And the new contract is definitely not good for pseudo-farmers who buy Deere hats every few years to go with their make-believe lawn tractor.
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I guess that's what baffles me about our obsession with capitalism. We have a company making record breaking profits, and yet they fight tooth and nail to prevent sharing those profits with the very workers that made them possible. Instead, we reward the stockholders, who at this point did nothing to particularly help the company make money. And so now as you allude to, because the workers will get a little more of the reward, instead of the capital class getting less of the reward, they just jack up prices so they don't miss out on a few precious pennies.
I don't have a solution. And I get the adage of "capitalism is the worst except for all the others". But boy is it nauseating to see this play out all the time.
The father of my best friend from childhood works at Deere (about to retire) and feels this was a good deal for the workers. Hopefully it will embolden labor to keep pushing back.