"By the end of the new contract, full-time UPS delivery drivers will make an average of $49 per hour, which works out to nearly $102,000 per year, assuming a 40-hour workweek, 52 weeks a year. Those employees are guaranteed an eight-hour workday, a UPS spokesperson told CBS MoneyWatch.
Drivers also receive $50,000 in benefits that include health, welfare and pension contributions, the spokesperson said."
I think a base salary of $100k is a decent living for non-skilled labor. And the pension contributions, whatever they are, are reasonable to include. I'm also noting that the end of the new contract is in 5 years, so maybe it won't be as good of a living as I'm thinking, depending on inflation.
In any case the important point is that UPS cut earnings forecasts because of this which means that workers did capture more of the profits that would have gone to owners. I consider it a win. Could it have been a bigger win? If most other workers were organized, I think so. With so many workers negotiating as individuals in the US, companies still have the upper hand as a whole. Workers continue to underestimate their value to the economy both in terms of labor and as consumers. The rich need labor, the rich need consumers. We should be getting a bigger piece of the huge profit pie that productivity increases result in.
[1] https://www.cbsnews.com/news/ups-drivers-170000-pay-benefits...
Exactly the point I was making. They’re making $100K which is decidedly not almost $200K. This isn’t to say that it isn’t good, but every well paying job includes pension or 401k matching, paid time off, health insurance, sometimes education reimbursement, etc. It’s (intentionally, on the part of “journalists”) misleading to quote $170K when that is not how compensations are compared in the US. Rounding up a fudged number to $200K is even more misleading. Quoting a number including 5 years of merit increases and inflation is even more misleading. The numbers are good and impressive on their own, there is no need for this fudgery except to drive clicks.
Right of you to call out the rounding up though. The article was exaggerating with $170k, and to remember that number I had mentally noted almost $200k. I looked for the article later to refresh my memory. You're right that any discussion on this deserves more accuracy than I started with.
The important thing to me is for us workers to recognize how to get a fairer share of the increased productivity. Unions have delivered throughout history.