The REAL Reason FedEx And UPS Are Fighting For Tax Cuts | Soshal Network, Social Circle Connection

The REAL Reason FedEx And UPS Are Fighting For Tax Cuts

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FedEx and also UPS claim they require tax cuts prior to they can employ more people, TYT Examines has actually revealed the reality. Learn more below:

" FedEx and UPS– two of America's most significant companies– have actually been publicly pushing tax cuts as job makers even as they prepare to invest thousands of countless dollars for a coming wave of automation at their distribution centers as well as along their shipment lines, company records show.

Neither firm has said exactly what result their automation plans may have on their work numbers, but both FedEx and also UPS are additionally proactively establishing brand-new modern technology created to expand automation, inning accordance with patent applications examined by TYT. One UPS executive informed Wall Street analysts brand-new automation efforts presently being planned will be coming on the internet as late as 2020." *.

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31 comments

  1. Posted by The Young Turks, at Reply

    FedEx, UPS Push for Tax Cuts As Documents Show Them Sinking Millions Into Automation https://tytnetwork.com/2017/10/09/fedex-ups-push-for-tax-cuts-as-documents-show-them-sinking-millions-into-automation/

    • Posted by Will Wright, at Reply

      Trump supporters, I hear them now “TYT FAKE NEWS”. When will they realize this government is not on their side. Our government is helping crush the average working. WOW!

    • Posted by TheEnderknight, at Reply

      You know UPS Stockholders are also Employees. Every dollar given to a shareholder 50% ends up in the hands of employees. Part of an employees earnings at UPS after 5 years is stock dividends.

    • Posted by Will Wright, at Reply

      TheEnderknight Do you know UPS doesn’t really give ‘EQUITY’ and that is total bullshit! And How do I know this you might ask! While in College I worked for UPS

    • Posted by Mark Broadhurst, at Reply

      We are for *tech* you knuckle head *we talk about it all the time*
      Except now!

  2. Posted by rphunt2002, at Reply

    This is excellent. This gets ignored by the MSM, and has been a problem for at least 20 years.

  3. Posted by ssj6000, at Reply

    Usually I’m against TYT but things like this I’m with

  4. Posted by HerkimerSnerd, at Reply

    They hire exactly how many people it takes to move the amount of freight they need to move. Taxes have no bearing on the amount of people they hire.

    • Posted by Vaness AntifaFan, at Reply

      interesting *

    • Posted by jeommy kin, at Reply

      Vaness AntifaFan how does property damage help get your point across?

    • Posted by MrDeedsly, at Reply

      Jeommy how does supporting Nazi’s get your point across?

    • Posted by focused313, at Reply

      I actually agree with this thought. As long as it makes financial sense to add workers (and sometimes when it doesn’t), they add workers (and get rid of them) as need be. The taxes make them even richer, the greed.

    • Posted by jeommy kin, at Reply

      MrDeedsly I’m liberal. I do not support white nationalists. I voted for Jill Stein. I do not support Antifa.

  5. Posted by Cross, at Reply

    I can tell u at my station they haven’t hired a new person since last dec….after losing like 10+ ppl

  6. Posted by Jorge jr Holy shirts & pants, at Reply

    The power of money corrupts and F☠CK the mind & soul☻👺☻
    👥👤👿👹👿👤👥

  7. Posted by Nancy Mesek, at Reply

    Did FedEx really add jobs? They acquired TNT in Europe, so they’re probably adding those number of jobs that were already there.
    I worked for them internationally for 14 years, I’ve seen the gross abuse of power and how they constantly try to cut jobs and automate.
    The sad thing is that if I shared this with most of my friends that still work there, they won’t care because they’re at a high level and it won’t effect them.

  8. Posted by Justin Holmes, at Reply

    I work in automation…. Its going to get a whole lot worse before it gets better. We need to re-educate and retool our workforce. Manual labor jobs won’t exist soon. We need free public college… Especially for those losing jobs.

    • Posted by Kristen Dean, at Reply

      Justin Holmes AMEN to that

  9. Posted by TurdFurgeson571, at Reply

    But, Cenk, these people could really use another vacation home with a private dock for their next yacht. The on they have now doesn’t even have a helipad. The working poor just need bootstraps, because I’m not sure where this money is going to come from.

  10. Posted by Martin Kenealy, at Reply

    Over the last 10 years C corporations have paid out about $12 trillion in after-tax dollars to their shareholders in the form of dividends and share buybacks (the wealthiest 1% own over 50% of all shares). Even after that, they are still sitting on over $2 trillion in retained earnings (after-tax dollars).

    If they had seen additional profit to be made by expanding more than they did and hiring more workers, they certainly had WAY, WAY more than enough to do so and certainly would have done so already……without an additional tax cut. (expansion and more wages comes out of pre-tax dollars anyway and is deductible…..at least $100 trillion in sales revenue over the last 10 years)

  11. Posted by Robert Vysther, at Reply

    A great report.  Automation will be the reason people will lose their jobs not immigration.  It is in the best interests of business to automate, but no tax cuts to help speed that decline.

  12. Posted by Andrew Mildenberg, at Reply

    With the continuing rise of online shopping I find it really hard to believe ANY delivery company is hurting.

  13. Posted by Phil Williams, at Reply

    TYT are perfectly correct.
    Hope their audience gets bigger and bigger.
    Keep up the great wok.

  14. Posted by nothinbutgreenlights, at Reply

    Probable reason for the massive jump in employee numbers for FedEx is their acquisition of the TNT courier company. Whilst still technically separate, the TNT brand now operates under the FedEx umbrella. The vast majority of the TNT business is located outside of the US and mostly in Europe where the reason for the acquisition was to strengthen /augment the FedEx road network in Europe.

  15. Posted by Dasha Yu, at Reply

    Interesting story but I think the conclusion is misrepresented. By investing in automation companies may be cutting menial jobs in the coming years, but automation doesn’t just appear on it’s own – someone needs to create it, implement it, and maintain/service it, paving the way for creating higher skilled jobs in place of general labor.

    As someone who owns a small software company servicing the delivery industry, I can tell you it’s a lot of work and often requires specialized people on both the seller and client side. The real issue is that programming and IT costs are insane in North America, and you’re best off developing overseas while project managing at home. What would cost me $1.5 million to develop in north america cost me $50k in India. So… while a lot of jobs could be created, they likely won’t be here.

    If more people at home had the appropriate training to do these kinds of jobs, the cost of the work would be reduced significantly just based on supply and demand, potentially making it feasible to do anything technology-related at home. Why no one but Bernie is pushing for accessible training and education is beyond me.

    • Posted by bornxmas, at Reply

      Dasha – You’re 100% right. Every time someone brings up how AI will take over human jobs, I remind them that the more automated something is, the more there is to break. You’re on the programing end and I”m more on the mechanical end. The bottom line is that new tech careers will be replacing old physical labor jobs.
      Extended education in tech fields is very important to this country’s future. I remember Obama saying this in a speech during his presidency.

    • Posted by Kiel Weiss, at Reply

      Agreed however two caveats are that there is a net reduction in jobs (automation replaces more labor than technical jobs created to maintain automation) and a lot if people dont have the ability to learn the technical skills.

    • Posted by bornxmas, at Reply

      Kiel – I believe anyone can be trained a skill that best fits their natural abilities. You don’t have to be a mathematician to replace the bearings on a mechanical arm. We already have a glimpse into the future using auto manufacturing and assembly plants as a model. The robotics manufacturing, maintenance and programing is a career as big as the actual auto assembly jobs.

    • Posted by Scott Williams, at Reply

      Dasha Yu while I agree more high skilled jobs will be created that my actually saturate the market if enough talent can be found so wages decrease or stagnate. Another problem is that the machine increases efficiency by 25% say, that’s 4 labour jobs and replacing that will be 1 maintenance engineer if engineers and machines match 1:1 which is very unlikely. So that means the total number of jobs is cut by 3/4 in the best case scenario for workers. This is coming from a systems engineer

  16. Posted by In-Craig-ible, at Reply

    This was amazing. Thanks TYT Investigates. This is exactly the kind of content I, and from what I’ve seen, a lot of you wanted. Less Cenk rant (no offense Cenk! Big fan), more facts, figures, quotes, evidence. Please do more TYT. Thanks.

  17. Posted by Benjamin Buckley, at Reply

    When society collapses their money won’t be worth anything, and won’t save them from the slaughter.