A GROUP OF concerned citizens paid us a high compliment the other day — by showing up to picket outside our doors. Nice to know our words are provocative enough to protest. Community and Postal Workers United was calling attention to what its members consider consider our unduly stringent view of the need for the Postal Service to restructure, especially by reining in the labor costs that account for 80 percent of its overhead.
In particular, the protesters repeated the oft-made argument that the Postal Service would be just fine, financially, if only Congress would relieve it of an annual $5.5 billion retiree health fund pre-payment. This deserves a respectful reply that fortunately can be brief. Postal Service data clearly show that the agency would still lose several billion dollars per year over the next half decade even without the pre-payment.
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Over the next decade, the USPS will be in the red, by estimates of 150-235 Billion. That pre-payment stuff is a drop in the bucket. The labor unions took what was a solid career, to a collapse waiting to happen. The blame is solely on the labor unions, like stated 80% of costs are labor. You can't run any business with such a ratio.
ReplyDeleteThey need to get rid of at least 50% of their employees. Even after that the rest of the employees would only have to work 4 hours a day.
ReplyDelete