ajtj's Post-Lobotomy Market Charts and Thoughts Message Board

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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts

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To: Jacob Snyder who wrote (43728)	11/18/2021 11:58:19 AM
From: ajtj99	of 97463

The new Deere contract may accelerate automation, which was quickly being adopted anyway. One interesting thing I learned this summer is a relative of mine works in a union warehouse with a 2-tier wage structure like what the automakers started applying after the bankruptcies and reorgs. Well, the lower tier is so low that they have a hard time filling the jobs this year. Furthermore, the turnover in those entry level jobs makes Amazon turnover look like lifetime employment. Because it is a 3-year contract, the lower tier wage is not up for renegotiation until next year sometime. I think the lower tier is $13.13/hour, and Amazon is paying $18-$19/hour in the same market.

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