The institution wasn't spared from the impact of the Covid-19 pandemic. Thanks to a
from the U.S. Treasury Department and better-than-expected sales, the U.S. Postal Service has enough cash to get through mid-2021.it's on a path to financial collapse, with unknown consequences. "It's an organization that provides a public service, a universal public service by the government," said David Trimble, director of physical infrastructure at the U.S. Government Accountability Office, in an interview with CNBC. "But at the same time, it's an organization that's required to be self-financing."
Watch the video above the learn more about the business model of the U.S. Postal Service and why it's not working.
Happy to pay for the USPS as a government service. They are not perfect but I have a lot of respect for what they do and the value they provide.
Speaking of the USPS, what is happening with the sorting machines, workers rights and what's his name who runs the show? Is he in jail yet?
Lol, because state ran business are inefficient and consistently lose money. What’s more impressive is how profitable Fedex and UPS are. Another fine example of how much better the free market provides when compared to the state.
Pensions and too many offices and too many delivery days
They need to charge what it costs to deliver.
Save you a click. Congress passed a law in 2006 that forced them to pay future retirement benefits 50 years into the future, and also limited how much they can raise price of stamps, tied to inflation. They are hamstrung, AND receive no federal money. Re-designed to fail.
It's not working because unions.
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