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.
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.
In what way exactly ? Now I ask you:
What if the head of the company, who hired someone to hire someone to hire a staff full of engineers, was hit by a bus tomorrow, could a a random bystander successfully hire someone to hire someone to hire some engineers? 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, and I think the much more credible argument is that most anyone can become a half-reasonable HR hack in a few days of reading sample interview scripts and LinkedIn articles. The added value seems pretty low.
Now, what if the brilliant, innovating engineers were hit by a bus instead? Could the business still exist then? Could a randomly chosen bystander take their place? Not so easy to answer this one without recourse to the specifics of the business.
And what if the “unskilled workers” that runs the company business hit by the bus as well ? Could anything be produced ? Could the engineers find people with enough practical skilled to implement their ideas ? Same goes as for the engineers.
Considering this, is it normal that essential elements of a business are not paid a fair share for the actual value they bring through their work ?
(btw, have you noticed you’re on a socialism community ? ‘Cause most people will argue against you here)
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?
I’m fully aware. Unlike some people I don’t sequester myself to circle-jerk communities.