NY Times Features Deep Dive on Equipment Dealer Consolidation
For as long as he can remember, the only thing Matt Gies really wanted to do for a living was repair farm equipment, writes Noam Scheiber and Ben Casselman with The New York Times.
But ever since he quit his job more than three years ago at a John Deere dealership — where he worked too hard for too little pay, he said — he has struggled to find a position in the same line of work.
One key reason for the difficulty is a wave of consolidation in the industry. Of the seven John Deere farm equipment dealerships within about an hour’s drive of his house, the one Mr. Gies left and refuses to work for, Riesterer & Schnell, owns four.
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“It was just tough,” he said. “Everyone around here’s been bought out by Riesterer.”
Mr. Gies’s predicament is not uncommon in today’s job market. In the past few years, a growing chorus of economists has expressed concern that consolidation among companies, often considered a problem for consumers, may be limiting workers’ employment options and holding their wages down as a result.