UPS’s tentative labor deal with the Teamsters hasn’t even taken effect yet. But it has already taken a bite out of its earnings and revenue, as both fell in the second quarter ahead of the deal being reached.
UPS’s tentative labor deal with the Teamsters hasn’t even taken effect yet. But it has already taken a bite out of its earnings and revenue, as both fell in the second quarter ahead of the deal being reached.
My mind is being blown right now by this statement.
Why do you think they pay these people so much money? Do you think they just have too much of it and don’t know what to do with it? So they just start giving it away to random people on their staff? If a less-qualified person could do the same job just as well for significantly less money, why wouldn’t they just hire that person? Or give the current person a massive cut in pay? Do you think all of these these insanely profitable businesses are just unanimously too stupid to understand basic business concepts?
I’m fully aware. Unlike some people I don’t sequester myself to circle-jerk communities.