UPS TO pay drivers $170,000

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It says "and benefits." The salary is in the low 100s.

My friends and I are just shocked and thinking, we should have worked for UPs.

Or unionize.

Go work for UPS then if pay is the only reason you chose your career. Oh wait...it's not?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If UPS didn’t think it was in their best interest to agree to this, they wouldn’t agree to it.

UPS insiders are now unloading the stock. The stock has gone nowhere this year while the rest of the market is up YTD. The business world knows how much of a massive drag this compensation package for teamsters will be on UPS and their earnings. Company leadership is now betting against the company itself.

They're going to bleed out like Yellow, then all the teamsters will have zero jobs, or be working for Amazon once Amazon buys them up. Amazon will get rid of all of them and hire their regular kind of staff getting paid for less.

Yeah yeah and Barbie was going to bomb at the box office.

Tell me, what happened to UPS freight again?

Oh that's right, you don't know jack S and are shooting your mouth off from your hip. The union already ruined UPS before.

UPS sold it off as part of their newer focus on mall package delivery. And Tforce is cooperating nicely with unions. What is it you think you know?

[Anonymous]

Anonymous wrote:https://www.cbsnews.com/news/ups-drivers-170000-pay-benefits-compensation/?ftag=YHFa5b931b

This is soo crazy!!!
I might quit my job and work for UPS. WOW
I don't understand why people are okay with this..

Above poster is what is wrong with our culture . The belief that you are better than someone else based on background

I consider labor shortages wonderful. I have never known anything bad to come from a labor shortage, and what we are doing with our immigration policy is keeping the labor market in constant surplus.

Vernon Briggs
Cornell Labor Economist

The underlying truth about the immigration battle is that is is fundamentally between those with an insatiable appetite for more cheap, disposable, foreign workers, and those who embrace the social good of tight labor markets.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What should a "fair" wage for UPS drivers be? A lot of posters think it's too much but nobody has said what they should earn. And do they provide more value to our economy than most of the folks sitting behind a desk basically pushing papers that use absolutely zero of their college degree to do their job? I'd argue yes.

$50-70k. Pretty much the average between fedex, Dhl, usps, Amazon, etc. they’re about $19-28 /hr, while the union is extorting UPS for $49/ hr. There’s no way ups drivers work that much harder or better than Amazon delivery guys. They’re bring hugely overpaid.

They need to get better uniions!. Why are you hating on UPS drivers for having a union that clearly knows their value they bring to the table?

+1

Anti union = anti worker = anti American

[Anonymous]

Anonymous wrote:Well we pay “retired” govt workers a salary and benefits for not working at all. The pension should be killed. At least they work at UPS

We also pay Social Security benefits to those who are not working. What idiotic point are you trying to make?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The median salary for a pediatrician is $190k:

https://www.bls.gov/oes/current/oes291221.htm


So you’re telling me there’s only a $20k delta between a UPS truck driver that has obtained no skills and no education vs a children’s doctor that has a bachelor’s degree, a medical school degree, and post-MD training on top of needing to be board certified? Ridiculous. Oh and with the $300k in med school debt.

They’re overpaying the drivers by a lot. FedEx pays way less. It’s going to crush UPS once this is reflected in the prices.

You are so clueless about the job market.

Not really:

https://www.glassdoor.com/Salary/FedEx-Freight-Road-Driver-Salaries-E15813_D_KO14,25.htm

UPS generates 15 billion more a year than FEDEX and has only 2/3 the employee of FEDEX, so there's that.

And UPS provides better service than FedEx IMO

[Anonymous]

Anonymous wrote:

Anonymous wrote:The news report states that at the end of the new contract, UPS drivers will average $49 per hour ($102,000 per year) and $50,000 in benefits. Not sure how they arrive at the $170,000 figure because-using the numbers in the article--total compensation in 5 years will average $152,000 of which $50,000 is benefits.

And the benefits are probably only health insurance and 401k.

UPS drivers have an excellent pension plan and can retire early. That is where a lot of that figure comes from.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It says "and benefits." The salary is in the low 100s.

My friends and I are just shocked and thinking, we should have worked for UPs.

UPS has long been known for being a good place to work/work your way up.

Yes, a large number of their senior executives started out working as package handlers and drivers and got degrees.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If UPS didn’t think it was in their best interest to agree to this, they wouldn’t agree to it.

UPS insiders are now unloading the stock. The stock has gone nowhere this year while the rest of the market is up YTD. The business world knows how much of a massive drag this compensation package for teamsters will be on UPS and their earnings. Company leadership is now betting against the company itself.

They're going to bleed out like Yellow, then all the teamsters will have zero jobs, or be working for Amazon once Amazon buys them up. Amazon will get rid of all of them and hire their regular kind of staff getting paid for less.

Yeah yeah and Barbie was going to bomb at the box office.

Tell me, what happened to UPS freight again?

Oh that's right, you don't know jack S and are shooting your mouth off from your hip. The union already ruined UPS before.

UPS sold it off as part of their newer focus on mall package delivery. And Tforce is cooperating nicely with unions. What is it you think you know?

Ha, you just ignored the entire part of Tforce losing its business, laying off thousands of workers, and having to significantly increase prices.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:https://www.cbsnews.com/news/ups-drivers-170000-pay-benefits-compensation/?ftag=YHFa5b931b

This is soo crazy!!!
I might quit my job and work for UPS. WOW
I don't understand why people are okay with this..

they destroy their bodies in order to get you your crappy amazon prime purchase two days after you drunkenly hit "buy now". they should be earning more.

Gardeners pulling weeds is also hard work. Groundskeeping at universities and golf courses is also hard work when it is 100F out. Hauling trash in sweltering heat is hard work. Being a chef working 13 hour days for $38,000 is also hard work.


You gonna pay all of them $170k too? Just because a job is hard work doesn’t mean it should be compensated with insane salaries. So many jobs that are hard work require no education or special skills. You’re just meat for the labor required. Overcompensation for those jobs is going to obliterate the economy once those labor costs get passed down to consumers. Say hello to permanently high inflation.

Well, it used to be that plenty of blue collar jobs earned you as much as some white collar jobs. After getting my engineering degree from a top university, I moved to the DMV and had to work my a$$ off. My slightly older Ford/GM family members earned more, could afford boats and RVs, had cottages, and had at least a week off in the summer while their work site retooled. The delta between white collar and blue collar jobs in terms of income is astounding -- as is the snobbery of the likes of white collar workers.

Many of them still do - we live in a million dollar house and the neighbor on one side is a plumber and the neighbor two doors down is a contractor. I don't think either of them has a college degree, just years of training in their trades. I don't know why you all think college degree is the only worthwhile education, on the job training is also a form of education. UPS drivers or trade, either way.

I would be impressed if you lived in a $3m home with your trades neighbors, $1m kinda a starter home in the dmv these days. Fact is the higher end hoods, you will not find too many working class folks.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Just another example of massively overpaying for unskilled and uneducated labor. The results will be predictable, which are to accelerate the use of automation as much as possible. It’s only a matter of time before they overcompensate themselves out of existence. Why would anyone with an education and skills accept a lower salary than a UPS truck driver? Is everyone will be asking for higher wages, which in the end causes a whole bunch of wage driven inflation. The end result is that UPS drivers get nowhere in terms of real purchasing power as where they were before, and all the country did after terrible wage inflation is just ruin everyone’s life savings in the process.

Companies will also start pulling out of the US as labor becomes massively overcompensated for these simple jobs.

I worked for UPS my first year out of college. It was a great union job with health benefits even for part time work, but it would have been a hard job to work full time. It's hard on the body!

Farming is hard on the body. Working at a steel mill is hard on the body. Working at the slaughter house is hard on the body. Masonry is hard on the body. You gonna pay peo0,e who clean chicken farm houses $170k too because it is hard work? Ready to pay $80 for a pack of chicken?

Do you object to professional athletes making millions? Hard on the body, doesn't require a college degree? I guess you think only the owners and CEOs should make bank and not share the profits with the people earning them those profits?

[Anonymous]

AI and drone vehicles will be taking these and other jobs. It's all fun and games until they come for yours. A lot of white collar workers are going to have a very hard time in the near future.

And when all these people lose their ability to pay for retirement, we will all pay.

A CEO is no more important to a company than its workers.

[Anonymous]

ups will focus on driving margins higher by going after asset light opportunities requiring minimal labor, and increasing eficiencies thru automation. first year is heavy hit as tmsters contract is front end loaded, as well as final year ..the middle years ups can gain ground ... ups thinks there is risk in fdx trying to combine networks -ground and air ..says it is very difficult to do and there will be execution risk ..however, if successful that would improve margins for fdx and be a bigger threat to ups with higher labor costs .. and then of course there is amazon ....


Ups will eventually be a much smaller company.....with much lower volume.....as Amazon and FedX take market share....this will be a slow death spiral for UPS......you cannot pay delivery men $170 and compete.....The world is now going into a deep recession and the large companies that UPS is currently depending on will also be forced to cut cost by going to FedX , UPSP and Amazon....FedX will do fine and save billions by integrating their air and ground divisions....service quality will suffer some for a time however customers will prefer lower prices as we go into a recession.

[Anonymous]

Anonymous wrote:Just another example of massively overpaying for unskilled and uneducated labor. The results will be predictable, which are to accelerate the use of automation as much as possible. It’s only a matter of time before they overcompensate themselves out of existence. Why would anyone with an education and skills accept a lower salary than a UPS truck driver? Is everyone will be asking for higher wages, which in the end causes a whole bunch of wage driven inflation. The end result is that UPS drivers get nowhere in terms of real purchasing power as where they were before, and all the country did after terrible wage inflation is just ruin everyone’s life savings in the process.

Companies will also start pulling out of the US as labor becomes massively overcompensated for these simple jobs.

Do you get equally upset with the overpaying of CEOs, upper management and in the banking/finance world?

How much revenue does UPS bring in? Who is responsible for that revenue? The people who do the work of delivering packages and doing a good job of it. Tired of people who think workers have no value.

I bet you don't care how little educated, highly skilled teachers make. So it's not the education and skill that you think deserves the big paycheck. It's how high up you are. Even if you're not the one doing the hard work. Pathetic.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Just another example of massively overpaying for unskilled and uneducated labor. The results will be predictable, which are to accelerate the use of automation as much as possible. It’s only a matter of time before they overcompensate themselves out of existence. Why would anyone with an education and skills accept a lower salary than a UPS truck driver? Is everyone will be asking for higher wages, which in the end causes a whole bunch of wage driven inflation. The end result is that UPS drivers get nowhere in terms of real purchasing power as where they were before, and all the country did after terrible wage inflation is just ruin everyone’s life savings in the process.

Companies will also start pulling out of the US as labor becomes massively overcompensated for these simple jobs.

Do you get equally upset with the overpaying of CEOs, upper management and in the banking/finance world?

How much revenue does UPS bring in? Who is responsible for that revenue? The people who do the work of delivering packages and doing a good job of it. Tired of people who think workers have no value.

I bet you don't care how little educated, highly skilled teachers make. So it's not the education and skill that you think deserves the big paycheck. It's how high up you are. Even if you're not the one doing the hard work. Pathetic.

Are you really this dense?

Can you take any schmo off the street and have them play professional level football or basketball with a high degree of performance? No.

Can you take any schmo off the street with no education and throw them into the CEO role of a multibillion dollar company and have them perform that job without tanking the company? No.

Can you take any schmo off the street to push a gas pedal in a truck and lift boxes? Yes.

That's why sports players and CEOs get paid while uneducated, unskilled labor doesn't. There is far more supply of uneducated, unskilled labor, because the jobs are so mindlessly easy.

And yes, teachers should be making more than a UPS truck driver. That is the point - massively overpaying for unskilled, uneducated labor is pure inflation and will kill UPS due to labor costs. Other jobs will demand more salary than even the UPS truck drive, because why should a teacher get paid a lot less and require more education? It just sets off a huge inflationary spiral due to never ending demands for higher wages. In the end purchasing power for teachers and UPS drivers hasn't changed from 20 years ago because inflation has killed all the gains. You just ruined everyone's entire life savings in the process.