UPS Chief Financial Officer Kurt Kuehn bragged to investors that UPS Teamsters will continue to get “below-inflation increases in wages” under the concessionary contract negotiated by Hoffa and Hall in 2008.
The UPS’s Exec’s comments were featured in a Business Week article called, “Having a Job Ain’t All It’s Cracked Up to Be.”
The article reported that take-home pay, adjusted for inflation, has fallen three times in the last five reported months. The number of Americans living in poverty is at a 17-year high.
UPS is quoted in the article as being happy with our “modest” wage increases that are “below inflation.” UPS profits aren’t modest though. The company has made $3 billion in the first 9 months of the year and now it’s peak!
Click here to read the Business Week report “Having a Job Ain’t All It’s Cracked Up To Be.”