John Deere workers are walking off the job with an economic tailwind

[Omaha Steve]

https://news.yahoo.com/john-deere-workers-walking-off-090022251.html

Courtenay Brown
Wed, October 20, 2021, 4:00 AM·2 min read

The strike at John Deere is the biggest of the pandemic era, with 10,000 workers on the picket line calling for better pay and benefits.

Why it matters: The walkout could deal a blow to an economy rattled by a supply chain crisis that executives don't want to see get worse — one of the economic tailwinds behind the strikers.

What they're saying: "There is pressure for John Deere to move closer to where the workers are," in terms of contract negotiations, says David Swenson, an economics professor at Iowa State University.

It's critical harvest time, with farmers who were already dealing with a short supply of farm equipment and parts before the strike.

"Ensuring that farmers are able to harvest their crops, that's paramount to our food and energy security, as well as those farmers' livelihood," says Kristen Owen, an analyst who covers Deere & Co. at Oppenheimer.

FULL story at link above.