UPS’s tentative labor deal with the Teamsters hasn’t even taken effect yet. But it has already taken a bite out of its earnings and revenue, as both fell in the second quarter ahead of the deal being reached.

  • frippa@lemmy.ml
    link
    fedilink
    arrow-up
    4
    ·
    1 year ago

    Skilled workers make more money than unskilled workers because they provide more value.

    Is a CEO 1000x more skilled than an engineer?

    • HughJanus@lemmy.ml
      link
      fedilink
      arrow-up
      1
      arrow-down
      5
      ·
      1 year ago

      The amount of skill is not important. What’s important is the value they bring to the company. If they didn’t bring $19M in value, rest assured they would absolutely not be paid $19M. There is no law requiring these businesses to pay their CEOs absurd amounts of money.