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UPS driver pay and benefits deal in US to be worth $170k a year, firm says

bbc.com

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Re: UPS driver pay and benefits deal in US to be worth $170k a year, firm says

#61

Post by b112 »

francisofascii wrote: post #22
culi wrote: post #10

Earlier quoted context omitted.

Let's be honest, they're probably doing more important work. But keep in mind this is including all costs of benefits, etc. If you're making less than that as a senior dev in the US you might just need to change job not career

$170 - $50 for benefits is $120K for base pay. Senior Devs in the US earn on average about $103K. You might be surprised at the number of developers out there earning normal non-FAANG salaries located in smaller cities. But I agree, the drivers are delivering more value, literally.

Value delivered is meaningless, otherwise garbage collectors would be paid millions.

What matters is scarcity of resources, be it commodities, or human skill!

Re: UPS driver pay and benefits deal in US to be worth $170k a year, firm says

#62

Post by coldpie »

throwawaaarrgh wrote: post #39

Holy crap! I'm switching jobs! I hate technology and I want to work outside, this amount of pay seems crazy but if it's true I'm definitely becoming a driver

Also check out USPS, they're hiring like crazy and have good benefits. It won't be as cushy or well-paying as our tech jobs, but I'm thinking about it, too. I'm so tired of tech.

Re: UPS driver pay and benefits deal in US to be worth $170k a year, firm says

#63

Post by b112 »

BasedInfra wrote: post #47
sarchertech wrote: post #35

Earlier quoted context omitted.

UPS makes about $75 Billion per year in profit. This is a $25k increase after a few years of record inflation. There are 300k teamsters at UPS (including other jobs like package handler). If 1/3 of those employees are drivers, we're talking a 3% reduction in profits. They can afford it. (also worth nothing this $170k is also including all benefits). >this just means more people will get laid off. The threat of a stri…

UPS just over 100 billion revenue and 11.55 billion NET profit. https://en.m.wikipedia.org/wiki/United_Parcel_Service

Strange how many in this thread don't get revenue vs profit.

Re: UPS driver pay and benefits deal in US to be worth $170k a year, firm says

#64

Post by culi »

d_burfoot wrote: post #42

One fact many people don't realize is that in order to achieve broad-based wage growth, we will have to face GDP losses. This is because there are many businesses that depend on cheap labor to exist. As wages rise, these businesses will start to fail, reducing GDP. We should see this scenario (wage growth with stagnant or decreasing GDP) as a healthy adaptation. The danger is that politicians will react to the bad GD…

This is proven false. When more people are given more money, they spend more on average

[0] https://www.epi.org/publication/bp357-federal-minimum-wage-i...

[1] https://www.nber.org/system/files/working_papers/w25761/w257...

This is why—despite what your econ 101 models might lead you to believe—modern, data-driven economic research suggests that increases in the minimum wage almost always lead to increased GDP. Worth noting that there's also many other effects that may contribute to this observed impact[2]

[2] https://www.piie.com/blogs/realtime-economic-issues-watch/hi...

Re: UPS driver pay and benefits deal in US to be worth $170k a year, firm says

#65

Post by macinjosh »

> UPS said the average full-time driver would earn about $170,000

Why is the _BBC_ using the corporation as a source for a headline number like this? Are they now just corporate mouthpieces like the US media? This number is surely inflated (including potential benefits not everyone will use like IVF, disability, etc). Very poor showing BBC.

Re: UPS driver pay and benefits deal in US to be worth $170k a year, firm says

#66

Post by culi »

jhgfjhgfjhfgjhg wrote: post #29
isykt wrote: post #5

I will pay more for items to be shipped to me and wait longer for them to arrive if it means the UPS drivers are treated fairly.

That's great but why are you forcing others to subsidize these jobs too, especially the poor?

nobody's forcing anyone to do anything. It's just the free market, right?

Re: UPS driver pay and benefits deal in US to be worth $170k a year, firm says

#67

Post by MontyCarloHall »

culi wrote: post #64
d_burfoot wrote: post #42

One fact many people don't realize is that in order to achieve broad-based wage growth, we will have to face GDP losses. This is because there are many businesses that depend on cheap labor to exist. As wages rise, these businesses will start to fail, reducing GDP. We should see this scenario (wage growth with stagnant or decreasing GDP) as a healthy adaptation. The danger is that politicians will react to the bad GD…

This is proven false. When more people are given more money, they spend more on average [0] https://www.epi.org/publication/bp357-federal-minimum-wage-i... [1] https://www.nber.org/system/files/working_papers/w25761/w257... This is why—despite what your econ 101 models might lead you to believe—modern, data-driven economic research suggests that increases in the minimum wage almost always lead to increased GDP. Worth…

The studies you link to only consider effects of raising the federal minimum wage. While their conclusions may be valid, minimum wage workers only constitute a tiny fraction (~1%) of the labor market. It is unclear how well the studies' conclusions would extrapolate beyond minimum wage workers.

Re: UPS driver pay and benefits deal in US to be worth $170k a year, firm says

#68

Post by culi »

b112 wrote: post #61
francisofascii wrote: post #22

Earlier quoted context omitted.

$170 - $50 for benefits is $120K for base pay. Senior Devs in the US earn on average about $103K. You might be surprised at the number of developers out there earning normal non-FAANG salaries located in smaller cities. But I agree, the drivers are delivering more value, literally.

Value delivered is meaningless, otherwise garbage collectors would be paid millions. What matters is scarcity of resources, be it commodities, or human skill!

In that case, we better keep scaring off newbies from coding

Re: UPS driver pay and benefits deal in US to be worth $170k a year, firm says

#69

Post by isykt »

mylons wrote: post #33
isykt wrote: post #5

I will pay more for items to be shipped to me and wait longer for them to arrive if it means the UPS drivers are treated fairly.

why would you be willing to when companies can easily allocate the record profits they have to wages?

Three reasons.

(1) I can afford it.

(2) The increase in price and latency will probably result in my ordering less stuff.

(3) I doubt that any company is going to allocate a substantial portion of their profits without raising prices. If it’s between raising prices, which I can afford, and people who do difficult jobs I depend on not having an easier, fairer life, then I’ll choose the raised prices.

Re: UPS driver pay and benefits deal in US to be worth $170k a year, firm says

#70

Post by Aardwolf »

In Belgium average tech job salary is 36K to 87K EUR/year (from this source [1], it's just one source but it's just to back up my experience, also it really leans much more to the 36K, 87K sounds like too much), before taxes

It's mind boggling how much higher salaries in the US are.

[1] https://www.paylab.com/be/salaryinfo/information-technology?...

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