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Brown Cafe UPS Forum
UPS Discussions
$15 an hour minimum wage.
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<blockquote data-quote="&#039;Lord Brown&#039;s bidding&#039;" data-source="post: 1327324" data-attributes="member: 32753"><p>And JL, do you really think prices would go through the roof if there was a drastic increase in minimum wages? Keep in mind, strong companies always grow profits, always grow revenue. Some even have record profits, like UPS! Where does that money go? To shareholders, to CEO and upper management pockets. </p><p></p><p>Guess what happened to Scott Davis and other higher level managers this year at UPS? They took a paycut! Even as UPS had a record year, they made LESS MONEY (to be fair, the reduced income had much to do with changes to his retirement plan).</p><p></p><p>Other large corporations would do similar if their workers got a sizeable increase: instead of CEOS making 1000x what the lowest employees make, it would shrink to, say, 500%!</p></blockquote><p></p>
[QUOTE="'Lord Brown's bidding', post: 1327324, member: 32753"] And JL, do you really think prices would go through the roof if there was a drastic increase in minimum wages? Keep in mind, strong companies always grow profits, always grow revenue. Some even have record profits, like UPS! Where does that money go? To shareholders, to CEO and upper management pockets. Guess what happened to Scott Davis and other higher level managers this year at UPS? They took a paycut! Even as UPS had a record year, they made LESS MONEY (to be fair, the reduced income had much to do with changes to his retirement plan). Other large corporations would do similar if their workers got a sizeable increase: instead of CEOS making 1000x what the lowest employees make, it would shrink to, say, 500%! [/QUOTE]
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$15 an hour minimum wage.
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