UPS drivers in US to get $170,000 pay package

[Yo_Mama_Been_Loggin]

Shipping giant UPS has warned its profits will be lower than planned this year, in part reflecting the pay increases it agreed to grant US workers in a labour deal last month.

UPS said the average full-time driver would earn about $170,000 (£135,000) annually, including healthcare and other benefits, by the end of the five-year contract.

That is up from about $145,000 now.

The raises follow the most serious bout of inflation in the US in 40 years.

https://www.msn.com/en-us/money/companies/ups-drivers-in-us-to-get-170-000-pay-package/ar-AA1eYiFM

Sounds like they're talking about the loaded labor rate. I imagine what they take home will be a bit less than that.

[yankee87]

1. Great News for the drivers

Have to love how the article states how employees getting paid a raise, cuts into their profits. The only reason there are profits is because of the employees.

[MichMan]

2. Customers have nothing to do with profits?

If there are no customers, where do the profits come from?

[Hugh_Lebowski]

3. Well, without Labor, there would be no customers

Though I submit ... it's a bit of a chicken/egg thing

[MichMan]

5. That wasn't what the post I replied to said....

The only reason there are profits is because of the employees.

[yankee87]

6. I stand by what I said

Without the employees doing the work, does not matter how many customers there are if there are no deliveries.

[Midnight Writer]

4. My company used to post these misleading earnings numbers around contract time.

The number they posted was more than twice my actual gross pay. It included my sick leave (which I never used) and vacation pay (and health insurance and projected pension payout and uniform allowance and training expense and holiday pay and life insurance.

[LastDemocratInSC]

9. What I have always called the "bloat factors".

[msongs]

7. meanwhile school teachers are getting $40K/year nt

[2naSalit]

8. +1