This is an outstanding piece on so many levels. The title, while subjective in tone, is backed up by objective facts. John Deere is the poster child for how corporate elites, backed by coastal elite media like WSJ, have captured the heartland.
Perhaps it can also be published in The Guardian or some other (non-MSM) widely-read publication?
All the utterly useless MSM hype (and Rupert Murdoch's press is THE WORST SNAKE) on wages occurs b/c Anglo Saxon Accounting doesn't include even a hint of wages, payroll, base salary in the aggregate, for ANY corporation that produces audited accounting income statments. Just think of it! Literally 10s of thousands of pages of Annual reports (10-Ks they call them) show income statements and the cost of employing human labor are COMPLETELY OBFUSCATED. Shmeared like schmaltz all over "Cost of Goods Sold", "SG&A", "R&D", mixed in with equipment/capital purchases, health insurance, etc etc. You can't make heads or tails of the MOST BASIC BUSINESS PLANNING EXPENSE IN THE UNIVERSE because some accounting trickster set standards to obfuscate human effort. They show all manner of "Capital" transformation on these "accounting" statements from the "OWNER'S" point of view, but the human piece......fugazi.
John Deere has 10,000 of its employees at 14 different facilities in the United States which are represented by the United Auto Workers (UAW) labor union; The average pay was as of 2021, $22 per hour. That's a whopping $0.45Billion in expense. So that goes up 5-6-7%! Ooooooh. Once you put numbers on it, compare it to STOCK BUYBACKS, the MSM fades away.
This is an outstanding piece on so many levels. The title, while subjective in tone, is backed up by objective facts. John Deere is the poster child for how corporate elites, backed by coastal elite media like WSJ, have captured the heartland.
Perhaps it can also be published in The Guardian or some other (non-MSM) widely-read publication?
All the utterly useless MSM hype (and Rupert Murdoch's press is THE WORST SNAKE) on wages occurs b/c Anglo Saxon Accounting doesn't include even a hint of wages, payroll, base salary in the aggregate, for ANY corporation that produces audited accounting income statments. Just think of it! Literally 10s of thousands of pages of Annual reports (10-Ks they call them) show income statements and the cost of employing human labor are COMPLETELY OBFUSCATED. Shmeared like schmaltz all over "Cost of Goods Sold", "SG&A", "R&D", mixed in with equipment/capital purchases, health insurance, etc etc. You can't make heads or tails of the MOST BASIC BUSINESS PLANNING EXPENSE IN THE UNIVERSE because some accounting trickster set standards to obfuscate human effort. They show all manner of "Capital" transformation on these "accounting" statements from the "OWNER'S" point of view, but the human piece......fugazi.
According to Wikipedia, https://en.wikipedia.org/wiki/2021_John_Deere_strike
John Deere has 10,000 of its employees at 14 different facilities in the United States which are represented by the United Auto Workers (UAW) labor union; The average pay was as of 2021, $22 per hour. That's a whopping $0.45Billion in expense. So that goes up 5-6-7%! Ooooooh. Once you put numbers on it, compare it to STOCK BUYBACKS, the MSM fades away.
John Deere's REVENUE, 2023: $61Bn.