Meatpackers Win Tiny Raise but Lose Their Pensions #
The corporate media is calling it a 'tentative agreement' and a victory for labor. Don't believe them. The 3,800 workers at the JBS meatpacking plant in Greeley, Colorado, have ended their month-long strike for a $750 bonus and a modest wage increase that doesn't even track with the inflation of the beef they process. But the real story is what JBS clawed back: the pension.
In a classic bait-and-switch, JBS USA expressed 'disappointment' that union leadership chose to eliminate pension benefits in favor of an existing 401(k) plan. This is the textbook definition of the 'Subscription Body' economy. Instead of a guaranteed retirement, workers are being forced into the volatility of the market—the same market currently being manipulated by the very elites who own the meatpacking plants.
While JBS celebrates 'restoring stability,' the workers have effectively traded their long-term security for a one-time check that won't cover a month’s rent in a Colorado heat dome. This is how the enclosure works: they give you a handful of coins today while they fence off the land you were supposed to live on tomorrow. The Greeley strike proves that even when the working class fights back, the house always finds a way to win the ledger.