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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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[–] HughJanus@lemmy.ml -1 points 2 years ago

Maybe someone will argue that there is deep expertise involved in knowing how to know who to hire, but data doesn't really support that conclusion

My mind is being blown right now by this statement.

Why do you think they pay these people so much money? Do you think they just have too much of it and don't know what to do with it? So they just start giving it away to random people on their staff? If a less-qualified person could do the same job just as well for significantly less money, why wouldn't they just hire that person? Or give the current person a massive cut in pay? Do you think all of these these insanely profitable businesses are just unanimously too stupid to understand basic business concepts?

(btw, have you noticed you’re on a socialism community ? ‘Cause most people will argue against you here)

I'm fully aware. Unlike some people I don't sequester myself to circle-jerk communities.