Les Leopold is the executive director of the Labor Institute and author of the new book, “Wall Street’s War on Workers: How Mass Layoffs and Greed Are Destroying the Working Class and What to Do About It.' (2024). Read more of his work on his substack here.
The greed of the John Deere company is giving President Biden the perfect opportunity to win back working-class voters. All he needs to do is put up a major fight to stop Deere from shipping U.S. jobs to Mexico .Really, the company should be renamed “Greed R Us.” Amid layoffs totaling approximately 1,000 U.S. workers in Illinois and Iowa, the company has posted $10 billion in profits in the 2023 fiscal year and paid its CEO $26.7 million.
Trump stopped the Carrier Air Conditioning company from moving to Mexico in 2017. Polling shows that Trump’s effort was extremely popular. Even a third of those who voted for Hillary Clinton had a more favorable view of Trump after he pressured Carrier to keep 800 jobs in Indiana. Why did Carrier give in? As its president said, “I was born at night but it wasn’t last night. I also know that about 10 percent of our revenue comes from the U.S. government.
Donald Trump Greed John Deere Mass Layoffs Mexico Stock Buybacks Wall Street Working Class Joe Biden
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