UPS TO pay drivers $170,000

[Anonymous]

Anonymous wrote:Glad they make good money so we don't need to worry about tips!

It’s supply and demand.

[Anonymous]

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.

[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.

Please go get a job as a UPS driver and come back in a few weeks.

Seriously. I used to work in a clinic that treated UPS workers (it specialized in workplace injuries). These folks were constantly coming in with back injuries (from lifting heavy boxes), shoulder injuries, foot injuries (from pallets falling on their feet), etc…. It is not easy work!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This should be exhibit A whenever people try to tell you that unions are a bad thing.

Come back when ups raises its delivery costs to reflect this generous compensation package. I doubt you’ll be touting how great this is when the t shirt gift to Timmy costs you 35.00 to ship.

Yup. People are cheering it.

Wait until all of this gross wage inflation gets passed to consumers. It will be runaway wage driven inflation.

It took you 35 working years for you to save and your 401k to become worth $2M? Ooopps too bad, that $2M now worthless because wage inflation has ruined your entire life's savings.

I dunno, my life feels very similar to how it did the last time UPS workers negotiated a bigger salary for full-time employees. The Chicago school has done an impressive job making labor movements the cause for any and all ills in our society.

+1 it is so stupid to say suggest that the entire cost of this will be passed on to consumers and cause a wage-price spiral which hurts workers, especially when a) UPS says it is cutting its revenue forecasts sharply in the article and b) there is ample evidence from the last couple of years that inflation has been caused by firms sticking with high prices they pushed on us from supply chain problems even after those problems are gone.

Basically it’s Panglossian view that says workers should be glad with whatever crumbs management is willing to give them.

+1 They love the infighting

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This should be exhibit A whenever people try to tell you that unions are a bad thing.

Come back when ups raises its delivery costs to reflect this generous compensation package. I doubt you’ll be touting how great this is when the t shirt gift to Timmy costs you 35.00 to ship.

Yup. People are cheering it.

Wait until all of this gross wage inflation gets passed to consumers. It will be runaway wage driven inflation.

It took you 35 working years for you to save and your 401k to become worth $2M? Ooopps too bad, that $2M now worthless because wage inflation has ruined your entire life's savings.

Guess you should take a salary cut for the good of society then! What’s that, you “deserve” your high pay, so you’re exempt? Funny how that works.

[Anonymous]

Good for them. Hope other companies have a hard time finding good employees and are forced to pay them more to compete. Unlikely, but that would be nice.

[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.

I am always suspicious of total compensation measures because they often monetize stuff like vacation and the employer share of health insurance costs that people general take for granted when evaluating the salary at a job.

[Anonymous]

These guys and gals work hard and earn their money.

[Anonymous]

Funny how no one in this thread complains when a CEO gets 10 million ++++ compensation packages and golden parachutes for sinking their companies… or how about the hedge funds that take over regular stores like toy r us and destroy those companies and take away the livelihoods of thousands of people.

Hmm…

[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.

And pension

[Anonymous]

Anonymous wrote:

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.

I am always suspicious of total compensation measures because they often monetize stuff like vacation and the employer share of health insurance costs that people general take for granted when evaluating the salary at a job.

UPS drivers are taking home $90-100k in salary alone. That's more than the median income of masters degree holders. College is becoming increasingly overrated and a terrible ROI. Have fun making $58k per year with your worthless college degree that put you $130k in debt. Meanwhile you could have just driven a stupid truck for UPS making almost $100k per year and needed no education or advanced training.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This should be exhibit A whenever people try to tell you that unions are a bad thing.

Come back when ups raises its delivery costs to reflect this generous compensation package. I doubt you’ll be touting how great this is when the t shirt gift to Timmy costs you 35.00 to ship.

Yup. People are cheering it.

Wait until all of this gross wage inflation gets passed to consumers. It will be runaway wage driven inflation.

It took you 35 working years for you to save and your 401k to become worth $2M? Ooopps too bad, that $2M now worthless because wage inflation has ruined your entire life's savings.

I dunno, my life feels very similar to how it did the last time UPS workers negotiated a bigger salary for full-time employees. The Chicago school has done an impressive job making labor movements the cause for any and all ills in our society.

+1 it is so stupid to say suggest that the entire cost of this will be passed on to consumers and cause a wage-price spiral which hurts workers, especially when a) UPS says it is cutting its revenue forecasts sharply in the article and b) there is ample evidence from the last couple of years that inflation has been caused by firms sticking with high prices they pushed on us from supply chain problems even after those problems are gone.

Basically it’s Panglossian view that says workers should be glad with whatever crumbs management is willing to give them.

Labor costs always get passed on to consumers. You're just an idiot to think otherwise.

Wait until there's a recession or economic slowdown. They will be forced to increase prices are margins become compressed due to rising labor costs. Labor is always the most expensive cost. Price increase will come.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This should be exhibit A whenever people try to tell you that unions are a bad thing.

Come back when ups raises its delivery costs to reflect this generous compensation package. I doubt you’ll be touting how great this is when the t shirt gift to Timmy costs you 35.00 to ship.

Yup. People are cheering it.

Wait until all of this gross wage inflation gets passed to consumers. It will be runaway wage driven inflation.

It took you 35 working years for you to save and your 401k to become worth $2M? Ooopps too bad, that $2M now worthless because wage inflation has ruined your entire life's savings.

I dunno, my life feels very similar to how it did the last time UPS workers negotiated a bigger salary for full-time employees. The Chicago school has done an impressive job making labor movements the cause for any and all ills in our society.

+1 it is so stupid to say suggest that the entire cost of this will be passed on to consumers and cause a wage-price spiral which hurts workers, especially when a) UPS says it is cutting its revenue forecasts sharply in the article and b) there is ample evidence from the last couple of years that inflation has been caused by firms sticking with high prices they pushed on us from supply chain problems even after those problems are gone.

Basically it’s Panglossian view that says workers should be glad with whatever crumbs management is willing to give them.

Labor costs always get passed on to consumers. You're just an idiot to think otherwise.

Wait until there's a recession or economic slowdown. They will be forced to increase prices are margins become compressed due to rising labor costs. Labor is always the most expensive cost. Price increase will come.

So who should get a good wage then? No one?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This should be exhibit A whenever people try to tell you that unions are a bad thing.

Come back when ups raises its delivery costs to reflect this generous compensation package. I doubt you’ll be touting how great this is when the t shirt gift to Timmy costs you 35.00 to ship.

Yup. People are cheering it.

Wait until all of this gross wage inflation gets passed to consumers. It will be runaway wage driven inflation.

It took you 35 working years for you to save and your 401k to become worth $2M? Ooopps too bad, that $2M now worthless because wage inflation has ruined your entire life's savings.

I dunno, my life feels very similar to how it did the last time UPS workers negotiated a bigger salary for full-time employees. The Chicago school has done an impressive job making labor movements the cause for any and all ills in our society.

+1 it is so stupid to say suggest that the entire cost of this will be passed on to consumers and cause a wage-price spiral which hurts workers, especially when a) UPS says it is cutting its revenue forecasts sharply in the article and b) there is ample evidence from the last couple of years that inflation has been caused by firms sticking with high prices they pushed on us from supply chain problems even after those problems are gone.

Basically it’s Panglossian view that says workers should be glad with whatever crumbs management is willing to give them.

Labor costs always get passed on to consumers. You're just an idiot to think otherwise.

Wait until there's a recession or economic slowdown. They will be forced to increase prices are margins become compressed due to rising labor costs. Labor is always the most expensive cost. Price increase will come.

So who should get a good wage then? No one?

Skilled workers, workers with education, entrepreneurs, business owners. Just being a slab of meat to do hardwork shouldn't mean a high salary. Picking up trash is hard work. Roofing is hard work. Junk hauling is hard work. Landscaping is hard work.

You gonna pay them $170k too? Hard work does not automatically mean valuable work.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This should be exhibit A whenever people try to tell you that unions are a bad thing.

Come back when ups raises its delivery costs to reflect this generous compensation package. I doubt you’ll be touting how great this is when the t shirt gift to Timmy costs you 35.00 to ship.

Yup. People are cheering it.

Wait until all of this gross wage inflation gets passed to consumers. It will be runaway wage driven inflation.

It took you 35 working years for you to save and your 401k to become worth $2M? Ooopps too bad, that $2M now worthless because wage inflation has ruined your entire life's savings.

Maybe people will stop buying a single t shirt to be shipped across the country then: so wasteful