{"id":1981891,"date":"2023-07-25T04:37:02","date_gmt":"2023-07-25T08:37:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/how-bad-would-a-ups-strike-be-for-the-economy\/"},"modified":"2023-07-25T04:38:54","modified_gmt":"2023-07-25T08:38:54","slug":"how-bad-would-a-ups-strike-be-for-the-economy","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/how-bad-would-a-ups-strike-be-for-the-economy\/","title":{"rendered":"Impact of a UPS strike on the economy: significant or severe?"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fhow-bad-would-a-ups-strike-be-for-the-economy%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1981891&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Impending UPS \u2063Strike Could Have Devastating \u200dEconomic Consequences<\/h2>\n<p>In just one week, unionized workers at UPS are prepared to walk out if a labor agreement is not reached. The potential strike has economists and experts concerned about the significant impact it could have on the economy.<\/p>\n<p>UPS and the Teamsters union have been engaged in contract negotiations \u2063for months, with the union members overwhelmingly voting in \u2062favor of striking if a deal is not finalized by July 31. While UPS remains confident that an agreement will \u200dbe reached in time, the potential consequences of a strike cannot be ignored.<\/p>\n<h3>The Scale of the Situation<\/h3>\n<p>To truly understand the potential damage caused by a UPS strike, it is important to consider the magnitude of the situation. Approximately 6% of the \u200bcountry&#8217;s gross domestic product relies on UPS, making\u2063 it a crucial player in the economy. \u2062Additionally, the \u200cUPS and Teamsters labor contract is the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/how-bad-would-a-ups-strike-be-for-the-economy\/\" title=\"Impact of a UPS strike on the economy: significant or severe?\">largest private-sector union agreement<\/a> in North America. If a strike were to occur, it would be the largest strike for a \u2064single employer in United States history.<\/p>\n<p>According to Sean \u200bHiggins, a \u2062research fellow at the Competitive Enterprise \u200cInstitute, the effects of a strike would\u2064 be significant. Even a strike lasting just a few days \u200dcould cost the economy billions of dollars. A recent analysis by Anderson Economic Group estimated that a 10-day strike would result in a loss of over $7\u2064 billion, making it the most expensive strike in \u200bat least a century.<\/p>\n<p>The potential strike would also lead to approximately \u200d340,000 workers being furloughed, resulting in wage losses exceeding $1 billion. UPS customers would face losses of over\u2063 $4 billion due to the disruption in services.<\/p>\n<h3>Ripple Effects on\u2063 the Supply Chain<\/h3>\n<p>Given UPS&#8217;s substantial share of the country&#8217;s GDP, any disruption \u200cin its operations would have a profound\u200d effect on \u2062the entire supply chain.\u2063 The delivery of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/white-house-releases-list-of-president-trumps-accomplishments-and-it-is-historic\/\" title=\"White House Releases List of President Trump\u2019s Accomplishments \u2013  And It Is Historic!\">critical medical supplies<\/a> and other essential items would be at risk, potentially leading to costly interventions and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/california-vaccine-guidelines-prioritize-marijuana-workers-over-teachers-promoting-equity\/\" title=\"California Vaccine Guidelines Prioritize Marijuana Workers Over Teachers, Promoting \u2018Equity\u2019\">emergency medical services<\/a>.<\/p>\n<p>The <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/reports-biden-admin-admits-goods-shortages-for-christmas\/\" title=\"Reports: Biden admin. admits goods shortages for Christmas\">supply chain crisis<\/a> in\u2064 2021 serves\u200c as a reminder of the compounded effects that disruptions can have. For \u2064example, when ports in\u2063 Los Angeles experienced congestion, it caused a ripple effect, resulting in delayed \u2064shipping and labor problems. One broken\u200c link in the supply chain can cause the entire system\u200d to unravel.<\/p>\n<h3>Competitors Struggle to Fill the Void<\/h3>\n<p>In the event of a strike, competitors like FedEx would attempt to capitalize on UPS&#8217;s\u2064 lost business. However, the sheer volume\u2062 of goods handled by UPS makes\u2062 it impossible for competitors to fully compensate for the market loss.<\/p>\n<p>FedEx has already been preparing for \u2064the possibility of a UPS\u200c strike, but acknowledges that it would not be able to keep pace with the scale of the disruption. The shipment of large manufactured materials, \u2063such as equipment, would be particularly \u200daffected, dragging down the economy.<\/p>\n<p>While not all workers may choose to participate in the strike, the pressure from \u2063the Teamsters union could \u200dstill have \u2062a significant impact. The economic implications of a strike have prompted a coalition of organizations, led by \u200dthe \u2064U.S Chamber of\u200d Commerce, to urge the White House to intervene \u200cand help the parties reach a new agreement.<\/p>\n<p>With the potential cost of a strike estimated to\u2064 be in\u200c the billions, it is clear that the economic consequences would be severe. The hope remains that a resolution can be reached before the August 1 deadline to avoid the detrimental effects on American families and the economy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>one week left, the possibility of a UPS worker strike looms. The economic impact would be significant as negotiations between UPS and the Teamsters union continue. The union&#8217;s strong support for a strike if an agreement is not reached by July 31 adds urgency to the situation.<\/p>\n","protected":false},"author":1,"featured_media":1981892,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[],"class_list":["post-1981891","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1981891","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1981891"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1981891\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1981892"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1981891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1981891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1981891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}