Current Events > UPS threatened a strike b/c they got paid "only" $145k/yr?

(+) Yeah! (+)

After contract negotiations this summer, full-time drivers for UPS saw their salaries boosted from $145,000 to $170,000 annually including benefits, according to data shared by the shipping company on a recent call.

1. "Including benefits" doing some heavy lifting there
2. Imagine what you could earn if you unionized

You're free to drive 12 hours in a hot truck every day.

1. "Including benefits" doing some heavy lifting there
2. Imagine what you could earn if you unionized

Assuming benefit costs are the same, thats now $125k in straight salary for driving and delivering boxes. Wild.

visual of above

so where are they making $170K ?

https://gamefaqs.gamespot.com/a/user_image/6/7/1/AAefUOAAEvJH.jpg

so where are they making $170K ?

No longer using UPS

theyre paying a ridiculously high amount.

UPS full-time small package delivery drivers receive an average total compensation package of $145,000 per year. That includes $0 healthcare premiums, up to seven weeks of paid vacation, plus paid time off for holidays, sick leave and option days. UPS also makes contributions to a defined-benefit pension plan for each employee.

Our long-haul team drivers average $172,000 per year in total compensation. UPS pays $0.95 per mile after four years, nearly double the trucking industry average. This pay is in addition to the same industry-leading healthcare, paid time off, vacation, holidays, sick leave and pension contributions as our full-time small package delivery drivers.

I don't like the information presented so Imma call it fake news. REEEEEEE!\

No longer using UPS

On average, delivery drivers earn $95,000 per year in wages.

UPS driver pay and benefits deal in US to be worth $170,000 a year, firm says

Prior to the new deal, the company said drivers earned about $95,000 in pay annually on average or about $42 an hour, and another $50,000 in benefits.

I dont care about some random article vs reputable news agencies reporting it straight from an earnings call from UPS. UPS gets no benefits in telling their stockholders in an earnings call that theyre paying a ridiculously high amount.

Its not a ridiculously high an amount, its just a portion of the profit the workers generate. In the US weve just been conditioned by non-union jobs to accept a ridiculously low amount.

Currently, the starting salary for a UPS package car driver is $18.75 an hour.
At 12 months, that rises to $19.50 an hour. At 24 months, it increases to $21 an hour. At 36 months, it jumps to $25 an hour. The average top rate is $37.06 an hour.
These local drivers earn, on average, roughly $23.82 an hour.

Lets say you are making $21 an hour starting out as a UPS brown truck driver, and you are driving 40 hours a week. Over the course of a year, you would earn $43,680. That is a pretty sweet starting salary!
Now imagine you stay with UPS for long enough to become one of their top-earning package car drivers. If you are earning $40.51/hour and working 40 hours a week, your annual salary would be $84,260.

Though I do think it is a ridiculous amount for the job they do, but good for them; UPS drivers are noticeably better than FedEx and I like UPS.

You misunderstood my post. I said UPS has no gains in publically stating, in an earnings call to their investors, that theyre paying a ridiculous amount for their drivers, so if anything, theyre downplaying the $170k figure, because investors want any additional profit sent back to them. I didnt say the pay is a ridiculous amount. Though I do think it is a ridiculous amount for the job they do, but good for them; UPS drivers are noticeably better than FedEx and I like UPS.

Because they pay well? Thats hilarious

That's the pony avatar incel who lives with his parents and sends people racist PMs

Assuming benefit costs are the same, thats now $125k in straight salary for driving and delivering boxes. Wild.

Then I didnt misunderstand your post. It is not a ridiculous amount for the job they do since the job they do creates even more profit than what they are getting.

It is absolutely a ridiculous amount when fedex, a direct competitor, can do ups job for not even $21/hr:

As a customer, though, fuck FedEx; UPS is great.

It is absolutely a ridiculous amount when fedex, a direct competitor, can do ups job for not even $21/hr:
https://careers.fedex.com/express-delivery-driver

If I was an investor, Id be pissed that UPS is overpaying their employees compared to FedEx.

As a customer, though, fuck FedEx; UPS is great. And good for the workers to get paid accordingly.

If I was an investor, Id be pissed that UPS is overpaying their employees compared to FedEx.

Looks like FedEx is paying a ridiculously low amount and needs a better union. It also looks like you need to improve your economic literacy.

So looks like in your eyes, they can't do UPS' job.

UPS shared some details of the new labor contract on its earnings call. Full-time drivers will make around $170,000 in annual pay and benefits by the end of the five year contract.

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.

It is absolutely a ridiculous amount when fedex, a direct competitor, can do ups job for not even $21/hr:
https://careers.fedex.com/express-delivery-driver

If I was an investor, Id be pissed that UPS is overpaying their employees compared to FedEx.

As a customer, though, fuck FedEx; UPS is great. And good for the workers to get paid accordingly.

I'm unclear as to what this topic is even about.

So let's say they make 145k a year and just negotiated to 170k a year. Why are you upset about that 25k a year increase? Are you the arbiter of value and not the actual company that chose to pay these people that much?

You're free to drive 12 hours in a hot truck every day.

It is absolutely a ridiculous amount

FedEx contracts their drives. They have to pay fees on their trucks and pay for part of the maintenance and repairs. It's a racket.

FedEx is not union

nevertheless hope they do it again and get even more money in half a year or more