'$170K a year is a bit of an exaggeration': This UPS driver wants to set the record straight about

[Yo_Mama_Been_Loggin]

pay bump — here are the numbers behind the company's striking wage increases

A TikTok user who says he’s a driver for UPS is seeking to set the record straight about the pay bump promised to employees after the Teamsters union, which represents about 340,000 UPS workers, threatened a major strike.

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TikTok user Skyler Lee Stutzman, who says he’s a driver for the parcel company, took to the video-sharing platform to provide his perspective of the new contract.

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In his current contract, Stutzman claims to make $41.51 an hour. Under the new tentative labor deal — which could be ratified once voting ends on Aug. 22 — he says his pay would increase to $44.26 an hour. He then multiplies that hourly rate by 2,080 hours (40 hours a week) to reach an annual pay of about $92,000.

Per contract terms shared by the Teamsters, full-time employees would see a wage increase of $2.75 an hour in 2023, which mirrors Stutzman’s claim. Over the length of the contract, wage increases would total $7.50 an hour.

https://finance.yahoo.com/news/170k-bit-exaggeration-ups-driver-111600072.html

[applegrove]

1. That is good because $170,000 a year was propaganda bait for the GOP.

Drivers should do well but not make more than nurses.

[bullimiami]

2. Which is a reasonable wage for a job that is demanding both physically and mentally.

And doesnt have any advanced education requirements.

[spooky3]

3. Benefits are typically about 35% of total pay. So the full

Pay is probably closer to $130000 per year and the rest is overhead that the company attaches to it.

[multigraincracker]

4. Let's talk about the $5bn they spent on stock buy backs.

Those mostly benefit CEOs that take most of their comp in stocks. To be fair, how much did manage get in compensation.

Waiting for the day that workers own the company.

[DBoon]

5. Why shouldn't someone who performs an esential job make that much?

The US economy is dependent on delivery services. I am sure these folks work very hard, with every movement tracked by management via GPS.

[captain queeg]

6. I know how the mgmt types look at it. They say what it costs them after all the add ons.

Their add ons. Including over head and pension funding and insurance, etc. those drivers have a good gig for sure but managers want to make it look bad.