'$170K a year is a bit of an exaggeration': This UPS driver wants to set the record straight about [View all]

pay bump — here are the numbers behind the company's striking wage increases

A TikTok user who says he’s a driver for UPS is seeking to set the record straight about the pay bump promised to employees after the Teamsters union, which represents about 340,000 UPS workers, threatened a major strike.

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TikTok user Skyler Lee Stutzman, who says he’s a driver for the parcel company, took to the video-sharing platform to provide his perspective of the new contract.

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In his current contract, Stutzman claims to make $41.51 an hour. Under the new tentative labor deal — which could be ratified once voting ends on Aug. 22 — he says his pay would increase to $44.26 an hour. He then multiplies that hourly rate by 2,080 hours (40 hours a week) to reach an annual pay of about $92,000.

Per contract terms shared by the Teamsters, full-time employees would see a wage increase of $2.75 an hour in 2023, which mirrors Stutzman’s claim. Over the length of the contract, wage increases would total $7.50 an hour.

https://finance.yahoo.com/news/170k-bit-exaggeration-ups-driver-111600072.html