2021/11/22

‘Indentured servitude’: low pay and grueling conditions fueling US truck driver shortage

“Truckers say the problem isn’t a shortage of qualified drivers; there’s plenty of people who have been through the training programs and hold a commercial driver’s license. The rot, they say, is far more systemic: low pay, long hours, and an industry that treats drivers like “cannon fodder”, churning out new recruits who inevitably quit because the job is so grueling.”

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2021/11/16 Corporations are using inflation as an excuse to raise prices and make fatter profits — and it’s making the problem worse

“For example, consumer goods giants Unilever, Proctor and Gamble, and Colgate-Palmolive have remarkably similar portfolios of brands selling similar products, and each reported improved profits from higher pricing in the third quarter. Coca-Cola and PepsiCo also rolled out price increases around the same time. This is not to say that there is illegal price-fixing going on, but having so few players in the game makes it a lot easier for companies to follow similar strategies.”

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