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No inflation necessary. Quick math. UPS has 532,000 employees. Let's assume they all work full time(they don't), and all get a $2.75 raise - 2.75 * 40 * 52
by silisili 3y ago
No inflation necessary.
Quick math. UPS has 532,000 employees. Let's assume they all work full time(they don't), and all get a $2.75 raise -
2.75 * 40 * 52 = $5,720 per employee
5720 * 532000 = $3,043,040,000
UPS profits 2022: $13,900,000,000
So, a quarter or so of profits.
- einpoklum 3y agoThe relevant population of workers is 340,000 ; and they don't all work a full-time job. On the other hand, you did not calculate the annuities depending on the hourly rate. Still, probably a lot less than your result. Not to mention how this will probably lock-in UPS workers for a number of years.
- silisili 3y agoGood points. I bet it's close, or a bit below as you said, in reality. The exact details would be impossible to figure out without knowing precisely hours works, how much each person makes, etc. I was trying to roughly show you can increase wages for an entire company without 'causing inflation.' UPS has been jacking up prices the last few years and just pocketing the change. Seems the employees caught on and want their share.