Wage Push Inflation Definition - Investopedia www.investopedia.com/terms/w/wage-push-inflation.asp
Posted on 09/16/2022 12:44:13 PM PDT by RomanSoldier19
The world’s largest package delivery company and the union representing tens of thousands of its employees are entering a critical countdown towards the expiration of the current union contract in 2023.
Workers at UPS are demanding better wages and workplace protections, following a summer of demands for better equipment against heat-related death and illness inside the ubiquitous brown trucks. But union organisers and labour leaders are also preparing for the possibility of a strike, which could be the largest ever against a single company in the US.
Roughly 350,000 members of the International Brotherhood of Teamsters Union work as drivers and package sorters at the company, which has a global workforce of more than 530,000 people.
UPS also posted record earnings in 2021, with operating income topping $13bn last year with projected 2022 revenue expected to reach more than $100bn, despite the Covid-19 pandemic and subsequent supply chain chaos that has magnified wealth inequality and risks for front-line workers.
Last month, one year before the contract’s expiration date, the union kicked off its contract fight with a nationwide call to action, “sending a message to UPS that the days of concessions and walking all over our members are over,” according to a statement from newly elected Teamsters president Sean O’Brien, whose vow to put pressure on the shipping giant has been central to his campaign.
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Wage Push Inflation Definition - Investopedia www.investopedia.com/terms/w/wage-push-inflation.asp
Not looking good for Christmas deliveries.
bloated and political Government Unions go on strike???
My instincts say: Go for it!!
Good. Maybe people will get back to celebrating the real reason for Christmas.
Mayor Pete, are you listening?
You should be. This may effect your yob.
FedEx stock is way down. Maybe now it’s time to buy.
I certainly hope the damn Teamsters have upped strike pay since the last time I was looking at striking with them. After pi$$ing away union dues on dem politicians, $46/week is what they had for the rank and file. Oh yeah, your family’s heath care, gone in a strike.
They sure would erase a lot of national goodwill for helping to keep everyone alive through the past two years.
But, but Biden will negotiate for us like he did for the rail unions!
Setting up another fake "emergency" - and then claiming 'Oh my gosh, Biden stepped in and "saved" the US economy & supply chain at the last moment!'
Can we apply for their jobs?
Good time to buy FedEx. Down 21% today on disappointing earnings reports. Still has a 14.3 EPS and pays a 2.2% dividend.
UPS is self-insured, meaning any claims come directly out of UPS funds. Look for a lot of breakage of electronics especially. I used to collect vintage stereo gear and when things got rough between the union and UPS years back, there was a lot of items that arrived broken. I don’t think the UPS workers knew exactly what the packages contained, but in beating up packages it’s electronics that are going to suffer damage more easily than a lot of other stuff.
UPS private not government.
USPS is my employer and I belong to Amer Postal Workers Union. We cannot strike..would be fired.
Just in time for the election! This is gonna make the commie union thugs look good.
I always prefer to ship my Christmas gifts USPS. I don’t know why, except that I’ve always done; and they’ve always done a very good job.
“Are Dems + Unions gonna do another staged “victory” for Joe?”
That’s it, you nailed it.
When UPS made the decision to go woke and cease firearms deliveries I put a sign at the end of my drive . It reads “NO UPS TRUCKS”. I stopped the driver down the road and told him . He was embarrassed by it but said there was nothing he could do . I suppose if management told him to run over my kids if they get in the way he would more than likely do it . Yossum Boss !
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