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UPS Wage Strikes | Bridger Pennington

18 Dec 2023 · 1 min

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This content was created by Bridger Pennington. This content was uploaded by Bridger Pennington. This is a YouTube video titled "UPS Wage Strikes | Bridger Pennington" (uploaded 2023-12-18). The excerpt is a short two-speaker discussion/commentary about recent union contract negotiations and strikes—focusing on UPS’s new contract (noting average full-time driver pay ~$101,000/yr or $49/hr and some up to $175,000), related labor actions at FedEx, Ford and GM, and concerns about union demands amid inflation and high interest rates and potential employer responses (overtime, layoffs, reduced staffing). Participants in the excerpt are labeled SPEAKER A and SPEAKER B; the excerpt does not identify Bridger Pennington as one of the speakers.

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a full-time employee for UPS, they just negotiated a contract, their union. FedEx is going through right now as well, but they negotiate $31 billion where an average full-time driver for UPS is going to make $101,000 per year, $49 an hour. Some of the drivers are going to make $175,000 per year. That's more than many engineers, but military doesn't make that kind of money. These are guys that have a job that are doing their part just for you and I to have this conversation and be free.
You had Ford, the GM, all these people doing their strikes. I believe Ford settled their case and like the 2 days later, they fired like 10,000 employees. Personally, I think this is a terrible time for unions to be making demands. Business owners are getting squeezed from inflation. They're getting squeezed from also high interest rates. And additionally, then they're having employees saying, we want to earn more money. The problem is UPS is sitting there like, fine, we'll appease the union for the short term. And behind the scenes, they are now going to work overtime. How do we not have drivers anymore?