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UPS Retirement Topics
What would happen to our pensions with a dissolving of a Teamster/UPS contract?
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<blockquote data-quote="Buffet Master" data-source="post: 5568857" data-attributes="member: 86736"><p>Yes Amazon is massive, but you have to look at the path that they used to get there. They are an entity unto themselves. Let's use Walmart as they are an appropriate parallel. You and I are close enough in age that we'd have the same observation of Walmart.</p><p></p><p>Walmart became what they were by direct competition. They did not come into your town (or nearby town) and buy Sears, JC Penny and the main street mom and pop stores, close them, slap the Walmart name on them and reopen. Rather they purchased land, built their store and proceeded to either drive those other businesses to their knees or to close up the doors.</p><p></p><p>Now, while the end result is the same, the path used was different. Walmart did not buy out all the competition and just rename them. They competed with them. That is all the difference when it comes to anti-trust/monopolization. This is exactly what Amazon has done. They haven't bought out the competition, they have completed directly against them.</p><p></p><p>So Amazon could begin building a national network of hubs and terminals and get full on into package delivery like FedEx and we do. And through pricing, service etc, could conceivably put UPS out of business. That would be "fair play". But Amazon buying UPS to dominate the market and eliminate competition is an entirely different thing that there are regulations against. Again, both instances end result is the same (UPS out of business) but the path to that result is entirely different.</p></blockquote><p></p>
[QUOTE="Buffet Master, post: 5568857, member: 86736"] Yes Amazon is massive, but you have to look at the path that they used to get there. They are an entity unto themselves. Let's use Walmart as they are an appropriate parallel. You and I are close enough in age that we'd have the same observation of Walmart. Walmart became what they were by direct competition. They did not come into your town (or nearby town) and buy Sears, JC Penny and the main street mom and pop stores, close them, slap the Walmart name on them and reopen. Rather they purchased land, built their store and proceeded to either drive those other businesses to their knees or to close up the doors. Now, while the end result is the same, the path used was different. Walmart did not buy out all the competition and just rename them. They competed with them. That is all the difference when it comes to anti-trust/monopolization. This is exactly what Amazon has done. They haven't bought out the competition, they have completed directly against them. So Amazon could begin building a national network of hubs and terminals and get full on into package delivery like FedEx and we do. And through pricing, service etc, could conceivably put UPS out of business. That would be "fair play". But Amazon buying UPS to dominate the market and eliminate competition is an entirely different thing that there are regulations against. Again, both instances end result is the same (UPS out of business) but the path to that result is entirely different. [/QUOTE]
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What would happen to our pensions with a dissolving of a Teamster/UPS contract?
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