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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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[–] frippa@lemmy.ml 4 points 2 years ago (1 children)

Skilled workers make more money than unskilled workers because they provide more value.

Is a CEO 1000x more skilled than an engineer?

[–] HughJanus@lemmy.ml -4 points 2 years ago

The amount of skill is not important. What's important is the value they bring to the company. If they didn't bring $19M in value, rest assured they would absolutely not be paid $19M. There is no law requiring these businesses to pay their CEOs absurd amounts of money.