First published by Money Metals Exchange here: https://www.moneymetals.com/news/2024/02/05/economics-lesson-ups-announces-layoffs-just-months-after-lucrative-union-deal-raising-wages-002970
<p><img src='https://www.moneymetals.com/uploads/content/1200px-United_Parcel_Service_logo_2014.svg.jpg'/></p>Economics always wins. Ask UPS workers. The shipping giant recently announced plans to lay off 12,000 employees after big raises for union workers.