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BAD NEWS: UPS just threatened to train "new hires" so they don't have to raise wages
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<blockquote data-quote="Generic UPS Monkey" data-source="post: 5652274" data-attributes="member: 105365"><p>Clearly, you don't understand economics at all and the company uses this ignorance to fear monger workers into accepting poverty wages.</p><p></p><p>Inflation is perpetual, people in finance understand this. The reason the bank pays you APY on savings and CDs is for this reason. the strong 8.50 people made in the 80s is not the same 8.50 people use today. That number is more like 25, because since the 80s inflation on all price points in our economy rose that much. The economy has inflated. That means there is more money supply floating in the air than ever and the proportionate amount should be in the workers pocket as in the past.</p></blockquote><p></p>
[QUOTE="Generic UPS Monkey, post: 5652274, member: 105365"] Clearly, you don't understand economics at all and the company uses this ignorance to fear monger workers into accepting poverty wages. Inflation is perpetual, people in finance understand this. The reason the bank pays you APY on savings and CDs is for this reason. the strong 8.50 people made in the 80s is not the same 8.50 people use today. That number is more like 25, because since the 80s inflation on all price points in our economy rose that much. The economy has inflated. That means there is more money supply floating in the air than ever and the proportionate amount should be in the workers pocket as in the past. [/QUOTE]
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BAD NEWS: UPS just threatened to train "new hires" so they don't have to raise wages
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