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UPS says its profit will fall after it reaches a Teamsters deal (edition.cnn.com)

submitted 2 years ago by fuckReddit@infosec.pub to c/socialism@lemmy.ml

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UPS’s tentative labor deal with the Teamsters hasn’t even taken effect yet. But it has already taken a bite out of its earnings and revenue, as both fell in the second quarter ahead of the deal being reached.

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[–] TonyOstrich@lemmy.world 16 points 2 years ago (2 children)

What makes it a liberal ploy exactly? Like I agree with everything you said, but I'm not sure what context the word "liberal" in your sentence means or is referring to.

[–] darthelmet@lemmy.world 19 points 2 years ago (1 children)

Liberal in this context refers to economic liberalism. Ostensibly for free market competition, (but in practice just a political deference to capitalists in opposition to labor or other social goods) it is the ideological backbone of capitalism.

In the US, while “liberal” is colloquially used to describe the Democratic Party for its relative social progressivism, both major political parties follow economic liberalism to justify their policies which favor the rich.

A liberal will side with capital over labor. Therefore, in this context, a liberal will use language that frames the shift in surplus value from corporate profits to labor as a total loss to the economy rather than just to the company.

[–] TonyOstrich@lemmy.world 7 points 2 years ago

Makes sense, and you are right about where my brain went to. I was thinking this just sounds like capitalist bull shit, lol.