Teamsters have overwhelmingly voted to strike July 31. The vote doesn’t mean that a walkout is inevitable. The vote is a signal UPS management ignores at its peril. Most important, which side of the scale the Biden administration places its thumb.
One group who won’t benefit much from Uber’s IPO: its drivers, who numbered 3.9 million at the end of last year. They are likely to see their pay worsen as the company strives to become more profitable while facing public shareholder pressure.