UPS reaches tentative contract with 340,000 unionized workers potentially dodging calamitous strike
UPS reaches tentative contract with 340,000 unionized workers potentially dodging calamitous strike
UPS has reached a contract agreement with its 340,000-person strong union Tuesday, averting a strike that had the potential to disrupt logistics nationwide for businesses and households alike.
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Sounds like a great deal:
Under the tentative agreement, existing full- and part-time UPS union workers will get $2.75 more per hour in 2023, and $7.50 more per hour over the length of the five-year contract. The agreement also includes a provision to increase starting pay for part-time workers, which the union had called the most at risk in the company’s workforce of being exploited. Starting pay for part-time workers will be $21 per hour, it said, up from $16.20 today.
More proof that there is power in a union
It's a good bump for part time, but $7.50 over 5 years is pretty garbage. That's probably about 5% per year.
I agree it's garbage, but isn't it average or better than other industries? As a software dev I've gotten less than 5% most years (in contrast I've gotten >20% every time I've switched jobs).
Unions make job hoping less beneficial though, so offering a slightly higher level, but still below inflation raise isn't as nice overall.
Inflation is below 5% and should keep going lower over 5 years, especially if we dip into recession. If that works out to 2-3% real wage growth guaranteed regardless of a recession that's pretty decent. Especially because that's above and beyond any pay increases any individual worker would get for having more experience.