The first time you heard of antitrust laws being used to break up large companies you likely thought that that it would result in a destruction wealth. Depending upon your political persuasion or past experience with the company, that may or may not have bothered you. However, it is important Read more…
The “Oil Curse” or “Curse of Oil” or “Resource Curse” is the net negative outcome that is seen with any single industry that takes over a geographic area. The central idea is that when oil is discovered in an undeveloped land, like rural Africa, the initial promise of great wealth Read more…
Today Bloomberg released a report stating that, at the direction of the Chinese Government, a massive China based ‘board’ manufacturer named SuperMicro added hardware to servers that were sold to Amazon and Apple. While the specific details of what was implant is not fully known yet, it is safe to Read more…
The US Postal Service lost $5.6B in 2016. Today the Liberal Canadian Federal Government announced that it would not reinstate home delivery of mail and all of the pundits cried… on both sides (see video at the bottom of this message). It is predicted that Canada Post will be loosing $700M per year in the near future. These types of numbers are large enough that citizens just don’t understand them but rest assured, in the end, citizens are going to pay those bills, mostly through increased taxes.
There are many idea’s about how to ‘fix’ the Post Office including:
Those are all great ideas and should be pursued, but there are two other idea’s that we have never heard anyone else suggest, and I think most reasonable people will get behind.
You can balance any budget shortfall by cutting costs or expanding revenue:
Most people, even older people do not get ‘real’ mail every day, so why are we paying to have it delivered every day? Why not cut the number of delivery workers in half, delivering mail (to the door or box) on this schedule:
Week 1: Monday Wednesday Friday
Week 2: Tuesday Thursday
With virtually no practical decrease in service, the Post Office would be able to have massive staff cut (160,000 letter carriers the US, and 12,500 letter carriers in Canada) and 33% reduction their small truck fleet.
A rough estimate of the ANNUAL labor savings would be $8.1B (16000 x $51600) in the US and $625M (12500 x $50000) in Canada.