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Brown Cafe UPS Forum
UPS Union Issues
Inflation Is A Blessing In Disguise For Next Contract
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<blockquote data-quote="Its_a_me" data-source="post: 5270476" data-attributes="member: 93115"><p>Actually, massive inflation and low unemployment almost always leads to a recession within 2 years of it happening. This very well could be the case next summer and would cause the company to more aggressively seek to get union concessions. </p><p></p><p>The low unemployment could theoretically help UPS starting wages---but that would admit how badly the union has done as a union contracted wage should never compete with a minimum wage: even at a starter position.</p><p></p><p>The leverage the union should take into negotiations is </p><p></p><p>2017 <strong>UPS profit $50.60B</strong></p><p>2018 <strong>UPS profit</strong> <strong>$53.29B up 5.31% from 2017</strong></p><p>2019 <strong>UPS profits $56.377B</strong> <strong>up 5.79% from 2018</strong></p><p>2020 <strong>UPS profits $64.05B up 13.61% from 2019</strong></p><p>2021 <strong>UPS profits $71.939B up 12.32% from 2020</strong></p><p><strong></strong></p><p><strong>2022 UPS gross profit for the Q1 ending March 31, 2022 was $17.932B, up 4.02% from 2021</strong></p><p><strong></strong></p><p><strong>Think of that next time someone tells you about Hoffa's best contract ever.</strong></p></blockquote><p></p>
[QUOTE="Its_a_me, post: 5270476, member: 93115"] Actually, massive inflation and low unemployment almost always leads to a recession within 2 years of it happening. This very well could be the case next summer and would cause the company to more aggressively seek to get union concessions. The low unemployment could theoretically help UPS starting wages---but that would admit how badly the union has done as a union contracted wage should never compete with a minimum wage: even at a starter position. The leverage the union should take into negotiations is 2017 [B]UPS profit $50.60B[/B] 2018 [B]UPS profit[/B] [B]$53.29B up 5.31% from 2017[/B] 2019 [B]UPS profits $56.377B[/B] [B]up 5.79% from 2018[/B] 2020 [B]UPS profits $64.05B up 13.61% from 2019[/B] 2021 [B]UPS profits $71.939B up 12.32% from 2020 2022 UPS gross profit for the Q1 ending March 31, 2022 was $17.932B, up 4.02% from 2021 Think of that next time someone tells you about Hoffa's best contract ever.[/B] [/QUOTE]
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Inflation Is A Blessing In Disguise For Next Contract
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