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Old 11-15-2023, 05:08 PM
 
31,897 posts, read 26,945,953 times
Reputation: 24801

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Trump's hand picked postmaster general hasn't exactly reversed USPS's decline.

First class mail volume continues falling off a cliff. Ironically income from such mail keeps going up because USPS continues to raise stamp prices.

https://www.foxbusiness.com/fox-news...-net-loss-2023

https://edition.cnn.com/2023/11/15/i...oss/index.html
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Old 11-15-2023, 05:12 PM
 
Location: Free State of Florida
4,958 posts, read 2,235,374 times
Reputation: 5834
My best friend is a postal worker. Based on how he describes the majority of his coworkers, it is no surprise.

Growing up in the '70s, and early '80s, I seem to recall that postal workers were well-respected individuals who held well-paying positions. For the most part, that hasn't been my experience over the last 20-25 years. However, before we moved two months ago, our delivery man kept a sharp eye out for our adult, autistic son. If there was anything that seemed out of the ordinary, he would make a special trip to the house just to let me know. He was a solid guy.
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Old 11-15-2023, 05:13 PM
 
Location: SF Bay Area
7,255 posts, read 3,785,370 times
Reputation: 5244
Quote:
Originally Posted by BugsyPal View Post
Trump's hand picked postmaster general hasn't exactly reversed USPS's decline.

First class mail volume continues falling off a cliff. Ironically income from such mail keeps going up because USPS continues to raise stamp prices.

https://www.foxbusiness.com/fox-news...-net-loss-2023

https://edition.cnn.com/2023/11/15/i...oss/index.html
Here's USPS's losses during the Obama Admin. Close to $16 billion in the red at one point and that's pre-Biden inflation dollars.

Do you blame Obama for that? Or maybe it was the economy?

https://cdn.statcdn.com/Infographic/...mal/22633.jpeg
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Old 11-15-2023, 05:15 PM
 
Location: Kansas
25,948 posts, read 22,098,104 times
Reputation: 26674
They are a victim of technology. Getting the Amazon delivery contract was a real win, but Amazon is starting to deliver some of their own things now. Fed Ex delivers most of our packages from Wal-Mart, if not all.

Changing times, no one's fault.
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Old 11-15-2023, 05:16 PM
 
Location: Rural Wisconsin
19,801 posts, read 9,345,163 times
Reputation: 38327
This is very bad news. I do wonder about the future of the USPS.

Personally, I still use first class mail to send checks for utility bills (which I pay three months at a time) -- yes, I'm a dinosaur -- but the increased postage rates AND the costs for nice greeting cards are ridiculous, imo. Therefore, I no longer send any greeting cards except to my mother and sisters, and I have the online retailers send gifts for me, although I miss the personal touch of wrapping the gifts myself. In short, ten years ago, I probably gave at least $100 annually to the USPS and now they might get $10 of my money per year, at most.
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Old 11-15-2023, 05:19 PM
 
45,210 posts, read 26,424,445 times
Reputation: 24965
Sell it off. Its a money grab and political football for congress criminals.
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Old 11-15-2023, 05:25 PM
 
Location: Free State of Florida
25,711 posts, read 12,786,330 times
Reputation: 19270
I know 2 USPS upper management retirees...both in late 50's, or very early 60's. They started there right out of school.

Have a very nice retirement home in FLA, & 2nd home elsewhere...snowbirds.

Based upon lifestyle, they have excellent pensions, & maybe lifetime Cadillac healthcare...not a care in the World.

Great people, who were smart enough to see how good the USPS career proposition was, and went for it.

As a taxpayer, I'm not upset with them at all, but a bit disappointed with the political system that would pay so much in overall comp pakcage for a gov't service job that would allow employees to retire so young w/ a top 2% lifestyle.

Great for them, not so great for the taxpayers who are $33.7T in debt and paying $1T/yr in interest.

I have no idea how many young affluent retirees the USPS has, so maybe they are outliers...it does make me suspect though, and able to see why the USPS is losing $6.5B.

Just a sidenote...I'm surrounded by retired Federal Gov't workers who live affluent lifestyles in retirement...not just USPS.

I wish I had known.
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Old 11-15-2023, 05:26 PM
 
2,354 posts, read 1,150,942 times
Reputation: 3951
An oldie, but a goodie!

How many people work in the post office?


Spoiler
About half of them
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Old 11-15-2023, 05:32 PM
Status: "Smartened up and walked away!" (set 23 days ago)
 
11,772 posts, read 5,785,673 times
Reputation: 14190
Quote:
Originally Posted by BugsyPal View Post
Trump's hand picked postmaster general hasn't exactly reversed USPS's decline.

First class mail volume continues falling off a cliff. Ironically income from such mail keeps going up because USPS continues to raise stamp prices.

https://www.foxbusiness.com/fox-news...-net-loss-2023

https://edition.cnn.com/2023/11/15/i...oss/index.html
Couldn't Biden have removed him? He made lots of changes his first year - why not this guy?
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Old 11-15-2023, 05:36 PM
 
5,581 posts, read 2,305,461 times
Reputation: 4804
Quote:
slower delivery standards and postage hikes...unpopular....
Mail volume across the U.S. declined almost 9%...

Some critics are pointing to DeJoy's string of postage rate hikes as the reason for the decline in volume....

"Twice-annual, above-inflation postage hikes are worsening the USPS' financial woes and trapping it in quicksand, as even more mail is driven out of the system"

...USPS is planning to hike postage rates in January, which would mark the fifth rate hike since 2021 and come on the heels of a July postage increase.
https://www.cbsnews.com/news/usps-lo...-10-year-plan/
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