Lifetime Pensions & exorbitant salaries for unskilled workers strike yet another blow to American common sense.
Eighty percent of the Postal Service's annual budget goes toward employee salaries and benefits.
By contrast, 61% of the United Parcel Service's budget goes to employee-related expenses. FedEx spends 43% of its annual budget on personnel costs.
Bureau of Labor Statistics data indicate the average hourly compensation for postal union members is $41 versus $28 for the private sector.
"Perhaps it's not surprising that the postal service's two primary rivals are more nimble," Leonard writes. "According to SJ Consulting Group, the USPS has more than a 15 percent share of the American express and ground-shipping market. FedEx has 32 percent, UPS 53 percent."
...Despite the agency's economic woes, the 250,000-member American Postal Workers Union negotiated a cushy labor deal with the USPS in March.....
Read more: http://www.businessinsider.com/thing...#ixzz2K8qqho3c