Rural carriers, whose salaries have been slashed by tens of thousands under a new evaluation system, were notified earlier this week that they would be invoiced for overpayment supposedly due to inaccurate accounting for route adjustments.
John Oliver did a great dive into the Post Office, and I think that segment is up on YouTube for free.
It’s actually even more impressive than you think. The only reason it looks like it’s losing money is that conservatives passed a law that forces them to fully fund the USPS workers’ pensions today, rather than investing some money and letting it grow. No private companies fund pensions this way, nor does the rest of the federal government.
In 2022, PSRA was passed which removed this requirement and the postal service has turned a profit ever since. It operates better and more efficiently than any privately held parcel service, because it takes advantage of truely massive economies of scale.
And as an American living in a country that privatized their postal service-- god damn do I miss the USPS. It was both cheaper and more reliable than what we have here.
John Oliver did a great dive into the Post Office, and I think that segment is up on YouTube for free.
It’s actually even more impressive than you think. The only reason it looks like it’s losing money is that conservatives passed a law that forces them to fully fund the USPS workers’ pensions today, rather than investing some money and letting it grow. No private companies fund pensions this way, nor does the rest of the federal government.
In 2022, PSRA was passed which removed this requirement and the postal service has turned a profit ever since. It operates better and more efficiently than any privately held parcel service, because it takes advantage of truely massive economies of scale.
And as an American living in a country that privatized their postal service-- god damn do I miss the USPS. It was both cheaper and more reliable than what we have here.