“Workers have gotten the short end of the stick for decades now,” Warren told CNN in a phone interview. “And the government has stayed on the side of the giant corporations. That’s beginning to change.”
“Workers know they are not just another input, as CEOs often call them. They are the heart and soul that keep businesses going,” Warren said.
Asked if she supports the striking Deere workers, Warren emphatically said, “Yes.”
‘People are tired of the concessions’
Ninety percent of the rank-and-file members of the UAW rejected a ratification of a tentative six-year contract the union reached with Deere. The main sticking point on the contract focuses on fairness for different workers having different pension plans, a person with knowledge of the negotiations told CNN’s Vanessa Yurkevich.
The strikes come during 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 record highs on Wall Street. Yet this is also a tricky time because businesses are struggling to find workers.
“It’s a sign of the times, companies are flush with cash, there is a labor shortage, and people are tired of the concessions they have had to give and they know this is their time. Conditions are favorable for workers,” the person with knowledge of the negotiations told CNN.
The rejected contract at Deere would have paid the average production worker about $72,000 at the end of the contract, compared with about $60,000 last year. The contract also included a return of a cost of living adjustment and improvements in benefits.
For Warren, the strikes are about ensuring that workers get their fair share.
“Workers recognize that when they come together through the union,” she said, “they can exercise real power and make certain that the profits of a business are shared more equitably between shareholders, executives and workers — who actually do the work.”
-CNN’s Chris Isidore and Vanessa Yurkevich contributed to this report.