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FedEx 'Modernizing' Pension Plan
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<blockquote data-quote="wilberforce15" data-source="post: 172366" data-attributes="member: 5053"><p>Wow, lemme guess - you've worked at UPS as a teamster almost all your adult life?</p><p> </p><p>Overcompensation has NOTHING to do with the wealth of the employer. It has to do with the market price of what it purchases.</p><p> </p><p>If I have $10 million, and pay $15 for a plain ol' loaf of ordinary white bread, have I overpaid? According to you, no, I haven't....because I can afford it! This is obviously ridiculous, and it is the same with your reasoning. Just because UPS has a lot of money, and makes a lot of profits, that this proves they're not overpaying?</p><p> </p><p>This is the attitude that eventually brings almost all unionized industries down. The company is not a piggy-bank, and you do not deserve more pay than the value you add to the company.</p><p> </p><p>Ever wonder why drivers are being harrassed, pushed, pressured, and stressed more than ever from management? Because today's world is more competitive than ever, and UPS is paying more than they should have to for that resource. If I am forced to overpay by 20-50% for labor, then you'd better believe I'm going to be motivated to squeeze every ounce of life and productivity out of the people I pay for.</p><p> </p><p>You have made it cheaper to keep a guy on overtime than hire new drivers, and so they will not decrease your workload until absolutely forced. If you were being paid market wages, this would not happen. The union brought this crap on themselves. </p><p> </p><p>If you want compensation in the realm of $40/hr (wage, benefits, taxes, pension, etc.), then UPS will demand getting its money's worth in production for them to make up for that payment.</p></blockquote><p></p>
[QUOTE="wilberforce15, post: 172366, member: 5053"] Wow, lemme guess - you've worked at UPS as a teamster almost all your adult life? Overcompensation has NOTHING to do with the wealth of the employer. It has to do with the market price of what it purchases. If I have $10 million, and pay $15 for a plain ol' loaf of ordinary white bread, have I overpaid? According to you, no, I haven't....because I can afford it! This is obviously ridiculous, and it is the same with your reasoning. Just because UPS has a lot of money, and makes a lot of profits, that this proves they're not overpaying? This is the attitude that eventually brings almost all unionized industries down. The company is not a piggy-bank, and you do not deserve more pay than the value you add to the company. Ever wonder why drivers are being harrassed, pushed, pressured, and stressed more than ever from management? Because today's world is more competitive than ever, and UPS is paying more than they should have to for that resource. If I am forced to overpay by 20-50% for labor, then you'd better believe I'm going to be motivated to squeeze every ounce of life and productivity out of the people I pay for. You have made it cheaper to keep a guy on overtime than hire new drivers, and so they will not decrease your workload until absolutely forced. If you were being paid market wages, this would not happen. The union brought this crap on themselves. If you want compensation in the realm of $40/hr (wage, benefits, taxes, pension, etc.), then UPS will demand getting its money's worth in production for them to make up for that payment. [/QUOTE]
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