1 00:00:00,840 --> 00:00:04,000 Speaker 1: You're listening to the Tutor Dixon Podcast in the Clay 2 00:00:04,120 --> 00:00:10,639 Speaker 1: and Book Podcast Network. Hello, and welcome to the Tutor 3 00:00:10,680 --> 00:00:13,880 Speaker 1: Dixon Podcast. I'm Tutor Dixon, and I am so glad 4 00:00:13,880 --> 00:00:16,760 Speaker 1: you're joining me today because we are going to break 5 00:00:16,800 --> 00:00:19,640 Speaker 1: down a situation that will affect your life soon and 6 00:00:19,680 --> 00:00:21,880 Speaker 1: you may not even know it. I know that sounds 7 00:00:21,920 --> 00:00:26,239 Speaker 1: really scary, but we're talking about freight shipping, moving product 8 00:00:26,280 --> 00:00:28,600 Speaker 1: from one place to another. I know this is not 9 00:00:28,960 --> 00:00:32,199 Speaker 1: a glamorous thing, but it is real and it's about 10 00:00:32,200 --> 00:00:34,800 Speaker 1: to impact what you buy in more ways than one. 11 00:00:34,920 --> 00:00:36,519 Speaker 1: Before we break it all down, I want to talk 12 00:00:36,560 --> 00:00:39,800 Speaker 1: to you about Envirol clans. If all home air purifiers 13 00:00:39,800 --> 00:00:42,159 Speaker 1: are the same, why did the US Department of Defense 14 00:00:42,200 --> 00:00:45,280 Speaker 1: select Enviral Clans to protect and purify the air on 15 00:00:45,360 --> 00:00:47,919 Speaker 1: board our navy ships. Look, we use it in our 16 00:00:47,960 --> 00:00:50,760 Speaker 1: house because one of my girls suffers from severe seasonal 17 00:00:50,760 --> 00:00:54,120 Speaker 1: allergies and it's changed her life. No more headaches or 18 00:00:54,160 --> 00:00:58,640 Speaker 1: swollen eyes, and no more bloody noses. 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You're 27 00:01:27,440 --> 00:01:30,920 Speaker 1: Enviral Cleans, home air purification unit and free air quality 28 00:01:30,959 --> 00:01:34,160 Speaker 1: monitor plus fast freeze shipping. That's one hundred and fifty 29 00:01:34,160 --> 00:01:38,160 Speaker 1: dollars savings. That's Ekpere dot com, Code Dixon, Ekpre dot 30 00:01:38,200 --> 00:01:40,840 Speaker 1: Com Code Dixon. You may have heard of the fifth 31 00:01:41,000 --> 00:01:45,759 Speaker 1: largest LTL carrier, Yellow. They filed for bankruptcy last week. 32 00:01:45,840 --> 00:01:49,240 Speaker 1: So Yellow. You probably know this company. You've seen the logo. 33 00:01:49,440 --> 00:01:53,600 Speaker 1: It is the word yellow on a orange SEMIOFA. I 34 00:01:53,640 --> 00:01:56,400 Speaker 1: will admit always bothered me because I'm like, this is 35 00:01:56,440 --> 00:01:59,400 Speaker 1: not yellow, it's orange, but regardless, that was their choice. 36 00:01:59,440 --> 00:02:02,120 Speaker 1: You've seen the logo, you see the trucks going down 37 00:02:02,120 --> 00:02:04,600 Speaker 1: the street. I call this what you know in the 38 00:02:04,720 --> 00:02:06,880 Speaker 1: landscape of your life, So you have things that are 39 00:02:06,880 --> 00:02:09,320 Speaker 1: in the portrait of your life. The most important thing 40 00:02:09,400 --> 00:02:11,400 Speaker 1: is your family, what you're making for dinner, all of 41 00:02:11,400 --> 00:02:13,120 Speaker 1: those things, and then you have like the things that 42 00:02:13,160 --> 00:02:16,520 Speaker 1: you see outside of your life that are important because 43 00:02:16,520 --> 00:02:19,560 Speaker 1: they affect your life, but you don't really get why. 44 00:02:19,639 --> 00:02:21,840 Speaker 1: Every day when you see the yellow truck coming down 45 00:02:21,919 --> 00:02:25,720 Speaker 1: the street, the yellow truck is actually delivering what you're 46 00:02:25,760 --> 00:02:28,240 Speaker 1: going to be making for dinner, what you're going to 47 00:02:28,280 --> 00:02:31,000 Speaker 1: be putting in your kids backpacks, how you're going to 48 00:02:31,200 --> 00:02:33,519 Speaker 1: make sure you have the supplies you need at work. 49 00:02:33,600 --> 00:02:38,440 Speaker 1: Because Yellow is bringing products to companies like Walmart and 50 00:02:38,639 --> 00:02:44,000 Speaker 1: Home Depot, and they are actually very important to your life, 51 00:02:44,040 --> 00:02:47,240 Speaker 1: even though you may not realize that. They've actually been 52 00:02:47,320 --> 00:02:50,960 Speaker 1: on our roads, interstates, highways, really all over for one 53 00:02:51,080 --> 00:02:54,120 Speaker 1: hundred years. And that's why you're probably familiar with the 54 00:02:54,560 --> 00:02:57,520 Speaker 1: term yellow and those trucks as you see them going 55 00:02:57,560 --> 00:03:01,160 Speaker 1: down the road. They are arguable one of the least 56 00:03:01,200 --> 00:03:04,760 Speaker 1: expensive carriers that can be used out there. And you 57 00:03:04,800 --> 00:03:08,679 Speaker 1: may say, well, that must been what led to their demise, 58 00:03:08,840 --> 00:03:11,720 Speaker 1: that Yellow has had to file for bankruptcy because they 59 00:03:11,720 --> 00:03:15,880 Speaker 1: were so inexpensive. However, that's not yet what Yellow would say. 60 00:03:16,280 --> 00:03:19,160 Speaker 1: Yellow would say that the final nail in Yellow's coffin 61 00:03:19,639 --> 00:03:24,919 Speaker 1: was the Teamsters, the union, the International Brotherhood of Teamsters, 62 00:03:25,720 --> 00:03:30,320 Speaker 1: the group negotiating on behalf of twenty two thousand union 63 00:03:30,400 --> 00:03:34,280 Speaker 1: members who work, or should I say, worked for Yellow, 64 00:03:34,960 --> 00:03:40,080 Speaker 1: many of whom worked for Yellow their entire lives. In fact, 65 00:03:40,280 --> 00:03:43,080 Speaker 1: several of these men and women have worked there after 66 00:03:43,120 --> 00:03:46,200 Speaker 1: their parents worked there, and now their children work there, 67 00:03:46,480 --> 00:03:49,640 Speaker 1: and their nieces and nephews work there. You get it. 68 00:03:49,640 --> 00:03:53,720 Speaker 1: It's families. Families have sustained by a company that pays 69 00:03:54,120 --> 00:03:58,040 Speaker 1: millions in wages, maybe even more than a billion dollars 70 00:03:58,080 --> 00:04:01,360 Speaker 1: in wages. And let me tell you, that's a heck 71 00:04:01,400 --> 00:04:03,840 Speaker 1: of a lot of spending power in and of itself. 72 00:04:04,200 --> 00:04:07,360 Speaker 1: So think about this. You are wiping all of those 73 00:04:07,400 --> 00:04:10,520 Speaker 1: wages off the map. You are wiping a company off 74 00:04:10,560 --> 00:04:14,320 Speaker 1: the map that has been employing families for years, people 75 00:04:14,320 --> 00:04:18,480 Speaker 1: who have stayed there, people who like working there. They 76 00:04:18,839 --> 00:04:22,919 Speaker 1: liked these jobs. So why are they gone If a 77 00:04:23,040 --> 00:04:27,240 Speaker 1: negotiation with the union who's supposed to be protecting them 78 00:04:27,680 --> 00:04:31,039 Speaker 1: somehow went awry and lost these good paying jobs. And 79 00:04:31,080 --> 00:04:32,800 Speaker 1: they are good paying. I mean a lot of these 80 00:04:32,800 --> 00:04:35,520 Speaker 1: people are making over one hundred thousand dollars a year. 81 00:04:35,800 --> 00:04:38,960 Speaker 1: Those are hard jobs to find. So until last week, 82 00:04:39,040 --> 00:04:42,840 Speaker 1: the company employed thirty thousand people total. As I said, 83 00:04:43,160 --> 00:04:47,719 Speaker 1: twenty two thousand reunion workers. But they were in difficult 84 00:04:47,800 --> 00:04:52,920 Speaker 1: negotiations with this union. In June, Sean O'Brien, the teamster's 85 00:04:53,040 --> 00:04:57,039 Speaker 1: general president, told Freight Waves, quote, it is not left 86 00:04:57,080 --> 00:05:00,520 Speaker 1: for the teamsters to save the company. You see. They 87 00:05:00,520 --> 00:05:03,559 Speaker 1: wanted an eleven dollars per hour raise, and Yellow said, 88 00:05:03,680 --> 00:05:06,000 Speaker 1: we can do that, but we need to make a 89 00:05:06,000 --> 00:05:09,479 Speaker 1: few changes to the method in which we operate. Some 90 00:05:09,520 --> 00:05:12,720 Speaker 1: of our drivers would work freight on docks and locations 91 00:05:12,760 --> 00:05:16,880 Speaker 1: other than their home terminals. That's what they wanted. This 92 00:05:17,120 --> 00:05:21,120 Speaker 1: was only going to apply to one thousand workers of 93 00:05:21,160 --> 00:05:25,880 Speaker 1: the twenty two thousand union members, and of that thousand workers, 94 00:05:26,279 --> 00:05:29,800 Speaker 1: four hundred were already performing this kind of work. But 95 00:05:29,880 --> 00:05:33,680 Speaker 1: the union said, nah, no, we're not going for that. 96 00:05:34,320 --> 00:05:37,599 Speaker 1: We're going to hold you to what we want. In 97 00:05:37,640 --> 00:05:41,000 Speaker 1: an internal memo, Yellow tried to reason with their employees. 98 00:05:41,040 --> 00:05:45,600 Speaker 1: They said, this is a quote, let's be clear if 99 00:05:45,640 --> 00:05:48,279 Speaker 1: you were at a non union company. And I'll just 100 00:05:48,320 --> 00:05:51,680 Speaker 1: say on a side note, most of these trucking companies 101 00:05:51,800 --> 00:05:54,720 Speaker 1: are non union. So again they said, let's be clear, 102 00:05:54,760 --> 00:05:57,840 Speaker 1: if you were at a non union company, a very 103 00:05:57,880 --> 00:06:02,120 Speaker 1: realistic possibility for most of you. If Yellow does not survive. 104 00:06:02,400 --> 00:06:05,560 Speaker 1: There's the warning this is probably going to happen if 105 00:06:05,560 --> 00:06:08,159 Speaker 1: you guys don't say, okay, we can do something a 106 00:06:08,160 --> 00:06:11,160 Speaker 1: little bit different. But it doesn't matter. They said, all 107 00:06:11,200 --> 00:06:15,360 Speaker 1: of you would be subject to potential dock work, regardless 108 00:06:15,520 --> 00:06:17,440 Speaker 1: of your time in the industry. Now, one of the 109 00:06:17,480 --> 00:06:19,479 Speaker 1: reasons they said that is this was going to be 110 00:06:19,920 --> 00:06:22,440 Speaker 1: the least senior people who were going to be doing 111 00:06:22,440 --> 00:06:25,599 Speaker 1: this dock work. They were honest. They came out and 112 00:06:25,600 --> 00:06:28,520 Speaker 1: they said, there is a potential demise here if we 113 00:06:28,600 --> 00:06:31,279 Speaker 1: cannot meet a deal this. If we can't make a 114 00:06:31,320 --> 00:06:34,440 Speaker 1: deal on this, there's a potential that y'all lose your jobs. 115 00:06:35,360 --> 00:06:38,719 Speaker 1: Union boss O'Brien's response was this, and I this just 116 00:06:38,760 --> 00:06:41,919 Speaker 1: blows my mind. But I am a person who comes 117 00:06:41,920 --> 00:06:44,440 Speaker 1: from the manufacturing world. So you have to remember that 118 00:06:44,520 --> 00:06:47,200 Speaker 1: we had multiple trucks coming to our shop every day, 119 00:06:47,440 --> 00:06:49,479 Speaker 1: and we knew how hard it was to get those 120 00:06:49,480 --> 00:06:51,760 Speaker 1: trucks because it was hard for the trucking companies to 121 00:06:51,880 --> 00:06:55,080 Speaker 1: keep employees. It was hard for the trucking companies to 122 00:06:55,120 --> 00:06:57,560 Speaker 1: make sure that they were there and they had everything 123 00:06:57,640 --> 00:07:01,760 Speaker 1: coordinated on time. Now, Yellow is interesting because their goal 124 00:07:01,880 --> 00:07:03,880 Speaker 1: was to have two day freight no matter where you 125 00:07:03,920 --> 00:07:07,440 Speaker 1: were in the country. So they were a very unique 126 00:07:07,560 --> 00:07:12,000 Speaker 1: LTL carrier that people wanted to keep around. But O'Brien's 127 00:07:12,040 --> 00:07:16,760 Speaker 1: response to Yellow was, sometimes a bad job isn't worth 128 00:07:16,800 --> 00:07:22,480 Speaker 1: it anymore. So he's making the decision that these jobs 129 00:07:22,520 --> 00:07:26,080 Speaker 1: that in many cases were making over one hundred thousand 130 00:07:26,120 --> 00:07:28,680 Speaker 1: dollars a year, they're bad jobs. You know, I'm the 131 00:07:28,800 --> 00:07:31,760 Speaker 1: union boss. I can do whatever I want to be fair. 132 00:07:31,800 --> 00:07:35,720 Speaker 1: He said that before Yellow file filed for Chapter eleven bankruptcies. 133 00:07:35,720 --> 00:07:39,280 Speaker 1: So I'm guessing he was figuring he's holding the power position, 134 00:07:39,440 --> 00:07:41,120 Speaker 1: so he's just going to go out there and throw 135 00:07:41,200 --> 00:07:43,880 Speaker 1: some shade and then Yellow is going to be like, no, no, 136 00:07:43,960 --> 00:07:46,280 Speaker 1: they're good jobs. You know what, will bend to whatever 137 00:07:46,320 --> 00:07:49,800 Speaker 1: we want, whatever you want. I mean, why wouldn't he 138 00:07:49,880 --> 00:07:52,960 Speaker 1: feel this way? Honestly, think about this. This is the 139 00:07:53,040 --> 00:07:56,040 Speaker 1: year of the unions, right. The unions have all the power. 140 00:07:56,080 --> 00:07:59,360 Speaker 1: I mean, how many times have you seen Joe Biden 141 00:07:59,480 --> 00:08:02,480 Speaker 1: come out and say he is the union president. Joe 142 00:08:02,560 --> 00:08:06,320 Speaker 1: Biden calls him the union president. Everybody wants you to 143 00:08:06,360 --> 00:08:09,920 Speaker 1: believe that Joe is all about the unions. The unions 144 00:08:09,960 --> 00:08:13,600 Speaker 1: have the power. I mean, look at what happened in Michigan. 145 00:08:14,080 --> 00:08:18,000 Speaker 1: No state in more than a dozen years has decided 146 00:08:18,040 --> 00:08:21,440 Speaker 1: to repeal right to work, because that's insane to say 147 00:08:21,480 --> 00:08:24,400 Speaker 1: that we can only bring in companies that have a 148 00:08:24,480 --> 00:08:29,160 Speaker 1: strong union presence. But Gretchen Wimber did. She repealed right 149 00:08:29,200 --> 00:08:32,800 Speaker 1: to work. So the unions have the power. It's great. 150 00:08:33,240 --> 00:08:35,679 Speaker 1: What does that mean? Apparently it means you're going to 151 00:08:35,760 --> 00:08:37,600 Speaker 1: lose your job if you're a part of a union, 152 00:08:37,880 --> 00:08:40,040 Speaker 1: even though you think that the union is there to 153 00:08:40,120 --> 00:08:45,280 Speaker 1: protect you. Listen, the unions they pay a lot of 154 00:08:45,360 --> 00:08:48,840 Speaker 1: money to put Biden on that union throne. It gives 155 00:08:48,880 --> 00:08:53,360 Speaker 1: them power to push the limits. The Teachers' Union, the Teamsters, 156 00:08:53,400 --> 00:08:57,479 Speaker 1: the UAW. But how is that working out? The Democrats 157 00:08:57,600 --> 00:09:00,440 Speaker 1: love this title because they think that they're taking it 158 00:09:00,480 --> 00:09:04,280 Speaker 1: back from Donald Trump, which I think it's hilarious, Like, look, 159 00:09:04,360 --> 00:09:07,079 Speaker 1: Donald Trump, he had the unions for a little bit, 160 00:09:07,200 --> 00:09:11,120 Speaker 1: and now we're taking it back. See polling showed them 161 00:09:11,280 --> 00:09:14,840 Speaker 1: that the unions were with Donald Trump. What you have 162 00:09:14,920 --> 00:09:17,320 Speaker 1: to understand about that is that if you actually are 163 00:09:17,360 --> 00:09:20,559 Speaker 1: able to look at that from a reasonable perspective, you 164 00:09:20,559 --> 00:09:24,920 Speaker 1: wouldn't understand that it was the union members. Joe Biden 165 00:09:25,520 --> 00:09:29,240 Speaker 1: is in bed with the union bosses. The union bosses 166 00:09:29,280 --> 00:09:31,480 Speaker 1: are not the people that are actually going out and voting, 167 00:09:31,800 --> 00:09:34,079 Speaker 1: but they were telling people how to vote for years 168 00:09:34,120 --> 00:09:36,000 Speaker 1: and so the Democrats always thought, well, if you have 169 00:09:36,000 --> 00:09:39,199 Speaker 1: the union bosses, you have the entire union. And then 170 00:09:39,240 --> 00:09:43,319 Speaker 1: Donald Trump broke that model because the union members were like, actually, 171 00:09:44,200 --> 00:09:49,520 Speaker 1: we want somebody that's going to increase manufacturing, increase jobs 172 00:09:49,559 --> 00:09:52,280 Speaker 1: in the United States and have secure jobs, jobs that 173 00:09:52,360 --> 00:09:54,800 Speaker 1: pay a lot of money, jobs that we don't have 174 00:09:54,880 --> 00:09:56,840 Speaker 1: to have a college degree for that we can go 175 00:09:56,960 --> 00:09:59,560 Speaker 1: right into the workforce and make a really strong living. 176 00:10:00,160 --> 00:10:02,880 Speaker 1: That was the message of Donald Trump in twenty sixteen, 177 00:10:03,200 --> 00:10:05,600 Speaker 1: and that was why the unions started to go to 178 00:10:05,679 --> 00:10:08,680 Speaker 1: Donald Trump. It was the union members. But see, the 179 00:10:08,720 --> 00:10:12,240 Speaker 1: Democrats are now telling you we've got the unions, they 180 00:10:12,280 --> 00:10:14,760 Speaker 1: have the union bosses, and look at what the union 181 00:10:14,840 --> 00:10:18,640 Speaker 1: bosses are doing. They're actually throwing your jobs away because 182 00:10:19,000 --> 00:10:21,640 Speaker 1: I mean, they're not that great anyway, right, they're bad jobs. 183 00:10:22,559 --> 00:10:26,240 Speaker 1: But can we blame the union for this situation with yellow? 184 00:10:26,600 --> 00:10:29,920 Speaker 1: And what does this situation with yellow really mean? To you. Well, 185 00:10:30,920 --> 00:10:34,280 Speaker 1: what it really means is more than ten percent of 186 00:10:34,320 --> 00:10:38,440 Speaker 1: the LTL truckload freight in this country, so that less 187 00:10:38,480 --> 00:10:42,080 Speaker 1: than a truckload. This is like when a company, a 188 00:10:42,120 --> 00:10:45,160 Speaker 1: freight company, goes and picks up freight from a bunch 189 00:10:45,200 --> 00:10:47,640 Speaker 1: of different companies so you can get a good price 190 00:10:47,760 --> 00:10:51,400 Speaker 1: because you have your load on a truck with a 191 00:10:51,440 --> 00:10:53,440 Speaker 1: bunch of different companies. You don't have to buy a 192 00:10:53,480 --> 00:10:57,319 Speaker 1: full truckload. So this is more than ten percent of 193 00:10:57,320 --> 00:11:01,000 Speaker 1: that freight. It needs to be absorbed elsewhere, and the 194 00:11:01,040 --> 00:11:03,439 Speaker 1: thing is it will be, but it's not going to 195 00:11:03,480 --> 00:11:07,640 Speaker 1: happen overnight. There's capacity in other places, but not that 196 00:11:07,720 --> 00:11:12,440 Speaker 1: amounts to this product that's going to be rushing into 197 00:11:12,520 --> 00:11:15,040 Speaker 1: the freight system for Christmas shopping. Let's face that we're 198 00:11:15,040 --> 00:11:17,079 Speaker 1: going into fall right now, and so we're going to 199 00:11:17,120 --> 00:11:20,120 Speaker 1: see a delay right now in moving that product and 200 00:11:20,160 --> 00:11:22,800 Speaker 1: that's going to stink. I mean, I remember this happening 201 00:11:22,880 --> 00:11:26,200 Speaker 1: last year because there were freight issues. And the fact 202 00:11:26,280 --> 00:11:29,160 Speaker 1: that we know there were freight issues last year should 203 00:11:29,600 --> 00:11:33,480 Speaker 1: lead you to believe that the unions sort of also 204 00:11:33,640 --> 00:11:37,680 Speaker 1: knew that there were freight issues. So are the unions 205 00:11:37,720 --> 00:11:40,599 Speaker 1: totally in the dark right now about what could have 206 00:11:40,720 --> 00:11:45,440 Speaker 1: possibly happened with Yellow. No, they knew that the system 207 00:11:45,600 --> 00:11:49,120 Speaker 1: was going through aches and pains because of COVID, because 208 00:11:49,160 --> 00:11:51,280 Speaker 1: of a change in the fact that people were starting 209 00:11:51,280 --> 00:11:55,040 Speaker 1: to buy online, because people weren't leaving their houses because 210 00:11:55,040 --> 00:11:58,679 Speaker 1: of the pandemic. They saw all of this happening, the 211 00:11:58,679 --> 00:12:01,560 Speaker 1: ebbs and flows of what was happening is shipping. But 212 00:12:01,640 --> 00:12:05,120 Speaker 1: the union still made the decision to push back. And 213 00:12:05,200 --> 00:12:08,800 Speaker 1: now you have to mix that freight, ten percent of 214 00:12:08,840 --> 00:12:12,320 Speaker 1: the freight into other companies. The other companies say, yeah, 215 00:12:12,320 --> 00:12:15,520 Speaker 1: we can absorb it. But guess what, there is no 216 00:12:15,679 --> 00:12:18,840 Speaker 1: way we're absorbing this amount of freight for the cost 217 00:12:18,880 --> 00:12:21,480 Speaker 1: that Yellow had. We are going to make you pay 218 00:12:21,559 --> 00:12:24,680 Speaker 1: ay heck of a lot more. Let's take a quick 219 00:12:24,679 --> 00:12:28,000 Speaker 1: commercial break. We'll continue next on the Tutor Dixon Podcast. 220 00:12:31,040 --> 00:12:35,079 Speaker 1: Remember I told you Yellow had some of the best 221 00:12:35,120 --> 00:12:39,040 Speaker 1: shipping costs in the nation. I'm sure they were held 222 00:12:39,120 --> 00:12:42,600 Speaker 1: to those low costs by companies like Walmart and Home 223 00:12:42,640 --> 00:12:46,839 Speaker 1: Depot because they couldn't continue to raise prices. You've heard 224 00:12:46,840 --> 00:12:49,559 Speaker 1: of all the supply chain issues. You've heard of people 225 00:12:49,559 --> 00:12:52,160 Speaker 1: who have been trying to build houses and they can't 226 00:12:52,200 --> 00:12:54,280 Speaker 1: get all of the wood. They can't get the pards. 227 00:12:54,440 --> 00:12:57,800 Speaker 1: People that are doing home improvement projects, no one wants 228 00:12:57,800 --> 00:13:00,920 Speaker 1: an increase in cost in addition to not having product. 229 00:13:01,559 --> 00:13:03,760 Speaker 1: So the Walmart's in the home depots of the world, 230 00:13:03,800 --> 00:13:07,280 Speaker 1: they've got buying power. You can go to Yellow and say, look, 231 00:13:08,080 --> 00:13:10,439 Speaker 1: you want to raise your prices, we're going to pull 232 00:13:10,480 --> 00:13:13,880 Speaker 1: your business. Now. Yellow's in a really bad position because 233 00:13:13,880 --> 00:13:15,240 Speaker 1: they know if they're going to lose one of their 234 00:13:15,320 --> 00:13:18,240 Speaker 1: largest customers, they're not going to be able to meet 235 00:13:18,280 --> 00:13:22,920 Speaker 1: the union's demands. The unions knew this was happening. So 236 00:13:23,000 --> 00:13:26,360 Speaker 1: here's the compounding effect. The unions go out and they say, 237 00:13:26,760 --> 00:13:31,280 Speaker 1: we're threatening Yellow. Yellow has to meet our demands or 238 00:13:31,320 --> 00:13:34,000 Speaker 1: we're going to put Yellow in a really bad position. 239 00:13:34,920 --> 00:13:38,720 Speaker 1: And Walmart and Home Depot are like, Eh, yeah, nope, 240 00:13:38,720 --> 00:13:40,920 Speaker 1: we're not going to take that chance. We're going to 241 00:13:40,960 --> 00:13:46,360 Speaker 1: start moving things. Now, this union guy, did he think 242 00:13:46,400 --> 00:13:48,640 Speaker 1: about that? Did he think about the fact that his 243 00:13:48,840 --> 00:13:54,240 Speaker 1: power might actually cause the company to go under. Now 244 00:13:54,280 --> 00:13:58,120 Speaker 1: there will be no choice in what other companies will charge. 245 00:13:58,280 --> 00:14:00,640 Speaker 1: The other companies are going to charge a lot, and 246 00:14:00,840 --> 00:14:03,160 Speaker 1: where is that going to come from. It's going to 247 00:14:03,200 --> 00:14:06,080 Speaker 1: come directly out of your pocketbook. You're paying for that 248 00:14:06,840 --> 00:14:10,320 Speaker 1: the doc work for the six hundred union members. That 249 00:14:10,480 --> 00:14:14,920 Speaker 1: was non negotiable, and therefore it was worth losing thirty 250 00:14:15,040 --> 00:14:20,000 Speaker 1: thousand jobs. Remember again O'Brien said, sometimes a bad job 251 00:14:20,040 --> 00:14:22,680 Speaker 1: isn't worth it anymore. Now your costs go up and 252 00:14:22,720 --> 00:14:25,160 Speaker 1: your products won't travel as fast as you're used to. 253 00:14:25,440 --> 00:14:28,520 Speaker 1: And those thirty thousand people, well, they may not have said, 254 00:14:28,640 --> 00:14:31,360 Speaker 1: my job's really horrible. They might not have thought that. 255 00:14:32,040 --> 00:14:34,760 Speaker 1: Don't get me wrong, Yellow was not in great shape. 256 00:14:34,920 --> 00:14:37,720 Speaker 1: They had taken a seven hundred million dollar PPP loan, 257 00:14:38,280 --> 00:14:41,000 Speaker 1: but this was known to the union. In fact, as 258 00:14:41,000 --> 00:14:44,440 Speaker 1: I said, the whole industry had been disrupted by COVID 259 00:14:44,520 --> 00:14:48,600 Speaker 1: and rising gas prices. Freight suddenly stopped during COVID because 260 00:14:48,640 --> 00:14:51,680 Speaker 1: the products didn't move from overseas. So now all of 261 00:14:51,720 --> 00:14:53,880 Speaker 1: a sudden, these companies that are used to moving things 262 00:14:53,960 --> 00:14:56,880 Speaker 1: all the time and getting paid all this money to 263 00:14:56,960 --> 00:15:01,320 Speaker 1: move things, move products. Companies are struggling, and then all 264 00:15:01,320 --> 00:15:03,480 Speaker 1: of a sudden things open back up and there's this 265 00:15:03,680 --> 00:15:07,520 Speaker 1: massive surge, and these freight companies can't lose face, they 266 00:15:07,560 --> 00:15:11,520 Speaker 1: can't lose business, they can't lose big customers, and so 267 00:15:11,640 --> 00:15:14,880 Speaker 1: they're going to adjust for that surge. So they immediately 268 00:15:14,880 --> 00:15:17,560 Speaker 1: adjusted for the surge. They put on more shifts, They 269 00:15:17,560 --> 00:15:21,000 Speaker 1: did everything they could to get you your products. Remember 270 00:15:21,480 --> 00:15:24,600 Speaker 1: we had the Democrats going out and saying, we love 271 00:15:24,680 --> 00:15:27,840 Speaker 1: our frontline workers. They're so great. Of course, until they 272 00:15:28,280 --> 00:15:30,600 Speaker 1: till those truckers said that they were going to stop 273 00:15:30,640 --> 00:15:33,480 Speaker 1: moving freight, and then they hated them. But for a while, 274 00:15:33,880 --> 00:15:38,080 Speaker 1: our truckers were considered the most valuable people on the planet, 275 00:15:38,160 --> 00:15:41,280 Speaker 1: and they really really are. Because I don't think you 276 00:15:41,320 --> 00:15:43,200 Speaker 1: that you guys are going to actually hunt all your 277 00:15:43,200 --> 00:15:45,280 Speaker 1: own food, or grow all your own food, or start 278 00:15:45,320 --> 00:15:48,400 Speaker 1: making all of your own clothes and maybe like weaving 279 00:15:48,640 --> 00:15:52,320 Speaker 1: the clothes yourselves and raising sheep all of that stuff. Like, 280 00:15:52,400 --> 00:15:56,040 Speaker 1: let's face it, we're not doing that. We're not prepared 281 00:15:56,080 --> 00:15:58,360 Speaker 1: to do that. It's kind of terrifying to think that 282 00:15:58,440 --> 00:16:00,880 Speaker 1: if we had to do that, we wouldn't be But 283 00:16:01,000 --> 00:16:04,920 Speaker 1: that's why our truckers are so important. That landscape company 284 00:16:05,320 --> 00:16:07,920 Speaker 1: that blows by you on the highway and you think 285 00:16:08,240 --> 00:16:10,720 Speaker 1: I recognize that, but you don't really know what they do. 286 00:16:11,680 --> 00:16:15,000 Speaker 1: They make sure that every part of your life works 287 00:16:15,800 --> 00:16:20,480 Speaker 1: and so as these companies went through this surge, they said, 288 00:16:20,640 --> 00:16:24,320 Speaker 1: we have to accommodate for the surge because we've got 289 00:16:24,360 --> 00:16:26,720 Speaker 1: to keep our heads above water and we've got to 290 00:16:26,800 --> 00:16:30,680 Speaker 1: keep providing this product to the people, which we desperately need. 291 00:16:31,000 --> 00:16:34,920 Speaker 1: So thank goodness, these companies did it. But again, the 292 00:16:35,000 --> 00:16:39,320 Speaker 1: teamsters they're watching, they know, I mean, gosh, I hope 293 00:16:39,360 --> 00:16:41,840 Speaker 1: they know. Could they be big enough idiots that they 294 00:16:41,880 --> 00:16:44,080 Speaker 1: don't watch their own industry and they think that they 295 00:16:44,080 --> 00:16:47,800 Speaker 1: can just force the companies into whatever they want. I 296 00:16:47,840 --> 00:16:52,040 Speaker 1: would hope that O'Brien actually pays attention to what's happening. 297 00:16:52,200 --> 00:16:57,240 Speaker 1: So there's this surge, they accommodate for the surge. They're trying, 298 00:16:57,360 --> 00:16:59,800 Speaker 1: all of these guys, ups FedEx, everybody. They're trying to 299 00:16:59,840 --> 00:17:02,480 Speaker 1: keep their heads above water. But then it begins to 300 00:17:02,520 --> 00:17:06,040 Speaker 1: crash back down. Suddenly there's a major reduction of freight, 301 00:17:06,440 --> 00:17:08,119 Speaker 1: and people are like, well, maybe this is going to 302 00:17:08,160 --> 00:17:11,080 Speaker 1: soften the blow because we've got this big reduction of freight. 303 00:17:11,119 --> 00:17:14,480 Speaker 1: We're losing the fifth largest carrier in Yellow, but maybe 304 00:17:14,480 --> 00:17:19,560 Speaker 1: it'll soften the blow. Regardless, Remember, the teamsters knew how 305 00:17:19,600 --> 00:17:23,359 Speaker 1: fragile this industry was. Experts in the industry even questioned 306 00:17:23,480 --> 00:17:26,800 Speaker 1: the teamsters arrogance, noting that the majority of transportation today 307 00:17:26,880 --> 00:17:30,880 Speaker 1: is non union. I wonder how they're members who pay 308 00:17:30,920 --> 00:17:32,880 Speaker 1: a monthly fee of two and a half times their 309 00:17:32,920 --> 00:17:36,680 Speaker 1: hourly rate per month. To O'Brien feel about him announcing 310 00:17:36,720 --> 00:17:40,399 Speaker 1: again that he thought these were bad jobs. People weren't 311 00:17:40,560 --> 00:17:44,040 Speaker 1: leaving these jobs. Many of them, like I said, were 312 00:17:44,080 --> 00:17:46,320 Speaker 1: making over one hundred thousand dollars a year. There wasn't 313 00:17:46,320 --> 00:17:49,800 Speaker 1: like a huge turnover. They weren't leaving the industry. That 314 00:17:49,960 --> 00:17:53,720 Speaker 1: means the teamsters who were making all this money off 315 00:17:53,760 --> 00:17:56,280 Speaker 1: of Yellow alone, they were likely filling their coffers with 316 00:17:56,359 --> 00:17:59,800 Speaker 1: more than twenty million dollars a year just from Union 317 00:18:00,640 --> 00:18:05,440 Speaker 1: for Yellow. Apparently that twenty mil can just go by 318 00:18:05,480 --> 00:18:09,399 Speaker 1: the wayside. But I have a feeling O'Brien didn't really 319 00:18:09,480 --> 00:18:12,760 Speaker 1: think that he was going to lose the businesses, and 320 00:18:12,920 --> 00:18:14,840 Speaker 1: I don't think he thought those members were going to 321 00:18:14,840 --> 00:18:18,199 Speaker 1: be jobless. But this is what happens when you become 322 00:18:18,440 --> 00:18:22,520 Speaker 1: incredibly arrogant. Perhaps Joe Biden is going to go to 323 00:18:22,560 --> 00:18:24,440 Speaker 1: those truckers and say you can go out and buy 324 00:18:24,520 --> 00:18:27,680 Speaker 1: build solar panels. I remember that when he shut down 325 00:18:27,680 --> 00:18:30,639 Speaker 1: the Keystone pipeline, and he said, don't worry, there's other jobs. 326 00:18:30,640 --> 00:18:33,240 Speaker 1: They're like twelve dollars an hour. Well, I can tell 327 00:18:33,280 --> 00:18:35,600 Speaker 1: you my father in law was a trucker. He would 328 00:18:35,600 --> 00:18:37,720 Speaker 1: not have wanted to give up his job to work 329 00:18:37,760 --> 00:18:40,919 Speaker 1: in the hot sun for twelve hours and for twelve 330 00:18:41,000 --> 00:18:43,879 Speaker 1: dollars an hour. That would not have been his choice 331 00:18:44,280 --> 00:18:46,120 Speaker 1: had he seen it. If he could see this today, 332 00:18:46,119 --> 00:18:49,000 Speaker 1: he would be shocked to think that these jobs are 333 00:18:49,040 --> 00:18:51,280 Speaker 1: just going out of the industry. I mean, these people 334 00:18:51,320 --> 00:18:53,440 Speaker 1: work at these companies for a really long time. Because 335 00:18:53,520 --> 00:18:55,679 Speaker 1: remember when we went back, let's go back to when 336 00:18:55,760 --> 00:18:57,360 Speaker 1: we talked about it, it's going to be the least 337 00:18:57,440 --> 00:18:59,399 Speaker 1: senior people that would be doing this doc work that 338 00:18:59,480 --> 00:19:02,359 Speaker 1: was non to go doable. These people stay in the 339 00:19:02,400 --> 00:19:06,080 Speaker 1: industry for years because it's a lifetime job. They move up. 340 00:19:06,280 --> 00:19:10,520 Speaker 1: They go from driving trucks cross country to local trips 341 00:19:10,680 --> 00:19:13,160 Speaker 1: where they get to have they get to be home 342 00:19:13,160 --> 00:19:15,320 Speaker 1: every night, and they're still making over one hundred grand 343 00:19:15,359 --> 00:19:18,800 Speaker 1: a year. This is an industry where people stay. These 344 00:19:18,840 --> 00:19:23,359 Speaker 1: are careers that have been destroyed, perhaps because the union 345 00:19:23,440 --> 00:19:28,480 Speaker 1: got too greedy, but we don't know they got too greedy. 346 00:19:28,560 --> 00:19:33,000 Speaker 1: Maybe because they just recently bullied UPS into what they called, quote, 347 00:19:33,160 --> 00:19:37,160 Speaker 1: the most historic tentative agreement for workers in US history, 348 00:19:37,200 --> 00:19:40,240 Speaker 1: and that was just in late July. Oh Brian again, 349 00:19:40,560 --> 00:19:46,680 Speaker 1: He triumphantly declared UPS has put thirty billion, thirty billion 350 00:19:46,840 --> 00:19:49,840 Speaker 1: dollars in new money on the table as a direct 351 00:19:49,920 --> 00:19:55,159 Speaker 1: result of these negotiations, we've changed the game, battling it 352 00:19:55,200 --> 00:19:57,760 Speaker 1: out day and night to make sure our members won 353 00:19:57,840 --> 00:20:01,959 Speaker 1: an agreement that pays strong wages, rewards their labor, and 354 00:20:02,080 --> 00:20:07,080 Speaker 1: doesn't require a single concession. This contract sets a new 355 00:20:07,280 --> 00:20:11,239 Speaker 1: standard in the labor movement and raises the bar for 356 00:20:11,320 --> 00:20:17,199 Speaker 1: all the workers. This contract sets a new standard in 357 00:20:17,240 --> 00:20:22,240 Speaker 1: the labor movement. Wow, a new standard. Sounds like he 358 00:20:22,320 --> 00:20:25,679 Speaker 1: got a little bit greedy there. I've got this taken 359 00:20:25,680 --> 00:20:27,800 Speaker 1: care of. We're changing the way this is going to be. 360 00:20:27,840 --> 00:20:30,600 Speaker 1: These companies will bend over for me and do whatever 361 00:20:30,680 --> 00:20:35,080 Speaker 1: I want. Apparently he became a little too power happy. 362 00:20:35,640 --> 00:20:39,680 Speaker 1: I mean you hear it in the quote, a new 363 00:20:39,960 --> 00:20:44,080 Speaker 1: standard in the labor movement. Okay, so that didn't work 364 00:20:44,119 --> 00:20:46,639 Speaker 1: out so well for Yellow. Here's the deal. The loud 365 00:20:46,640 --> 00:20:51,000 Speaker 1: declarations of power and control by O'Brien scared the customers 366 00:20:51,160 --> 00:20:54,720 Speaker 1: of UPS two, just like it did with Yellow. Before 367 00:20:54,800 --> 00:20:58,960 Speaker 1: negotiations fell apart and Yellow filed for bankruptcy, their customers 368 00:20:59,280 --> 00:21:03,040 Speaker 1: began to jump ship to save their businesses. There was 369 00:21:03,119 --> 00:21:07,520 Speaker 1: no future once the union publicly destroyed Yellow. So once 370 00:21:07,560 --> 00:21:10,359 Speaker 1: O'Brien gets arrogant, he's starting to say, like, we're going 371 00:21:10,440 --> 00:21:12,640 Speaker 1: to force Yellow into this. They're going to do what 372 00:21:12,680 --> 00:21:17,760 Speaker 1: we want. Guess what Home Depot and Walmart were like, Yeah, 373 00:21:18,320 --> 00:21:20,480 Speaker 1: people aren't going to be happy if they can't buy 374 00:21:20,520 --> 00:21:23,639 Speaker 1: our stuff. If our shipments just don't come in, Like 375 00:21:24,080 --> 00:21:27,919 Speaker 1: not getting food at Walmart for the week, probably not 376 00:21:28,080 --> 00:21:33,520 Speaker 1: a good idea. So we're going to quietly jump ship 377 00:21:33,560 --> 00:21:38,119 Speaker 1: from Yellow. The combination of that was just disastrous. Yellow 378 00:21:38,160 --> 00:21:40,680 Speaker 1: lost their customers. They're already trying to pay off debt. 379 00:21:40,960 --> 00:21:45,240 Speaker 1: They're getting negotiations from this union that is holding them 380 00:21:45,359 --> 00:21:48,080 Speaker 1: to some level that they know that they can't achieve, 381 00:21:48,119 --> 00:21:51,280 Speaker 1: and they're honest with them, but it doesn't matter. I 382 00:21:51,320 --> 00:21:54,280 Speaker 1: bet some of those twenty two thousand union members would 383 00:21:54,280 --> 00:21:56,960 Speaker 1: have liked to be at their own negotiation table rather 384 00:21:57,000 --> 00:21:59,720 Speaker 1: than having a power hungry union boss. But you know what, 385 00:22:00,440 --> 00:22:03,240 Speaker 1: the Democrats love the union bosses. They stand up for 386 00:22:03,320 --> 00:22:05,879 Speaker 1: the people, except for when they have bad jobs, So 387 00:22:06,000 --> 00:22:09,600 Speaker 1: might as well throw those twenty two thousand out the window. Sadly, 388 00:22:09,800 --> 00:22:14,479 Speaker 1: UPS is now experiencing the same devastating reality. Profits are 389 00:22:14,520 --> 00:22:19,159 Speaker 1: going down, customers are panicking about the union's control, and 390 00:22:19,240 --> 00:22:23,199 Speaker 1: it's all creating a really unhealthy partnership between UPS and 391 00:22:23,240 --> 00:22:27,080 Speaker 1: its customers. So could UPS be the next casualty of 392 00:22:27,119 --> 00:22:29,840 Speaker 1: the Teamsters union? I mean, they have like three hundred 393 00:22:29,840 --> 00:22:33,520 Speaker 1: and sixty thousand union members, so you would think that 394 00:22:33,600 --> 00:22:37,399 Speaker 1: the Teamsters would be like, Eah, maybe we don't want 395 00:22:37,400 --> 00:22:39,960 Speaker 1: to lose that many. I mean, at that point, we're 396 00:22:40,000 --> 00:22:43,159 Speaker 1: talking hundreds of millions of dollars, maybe even a billion 397 00:22:43,200 --> 00:22:45,919 Speaker 1: dollars going to the Teamsters Union. Do they really just 398 00:22:45,960 --> 00:22:49,600 Speaker 1: want to screw up UPS like that? I mean it's 399 00:22:49,640 --> 00:22:53,480 Speaker 1: not likely, but they're definitely. UPS is definitely scrambling to 400 00:22:53,560 --> 00:22:57,800 Speaker 1: answer their investors and what prices will be. And prices 401 00:22:57,840 --> 00:23:02,959 Speaker 1: will absolutely rise now, So I mean you probably use 402 00:23:03,040 --> 00:23:06,200 Speaker 1: UPS a lot. I use UPS a lot, So you're 403 00:23:06,200 --> 00:23:09,720 Speaker 1: the one paying for that. You can thank Sean O'Brien 404 00:23:09,760 --> 00:23:13,120 Speaker 1: who's increasing your prices. Let's take a quick commercial break. 405 00:23:13,160 --> 00:23:18,720 Speaker 1: We'll continue next on the Tutor Dixon podcast. You will 406 00:23:18,720 --> 00:23:22,280 Speaker 1: pay for that, You will have increased costs for your shipments. 407 00:23:22,880 --> 00:23:27,040 Speaker 1: And why well, really, we can link this all back 408 00:23:27,119 --> 00:23:31,159 Speaker 1: to Joe Biden's energy policy because this started with the 409 00:23:31,200 --> 00:23:34,240 Speaker 1: cost of gas going so high, and to be quite 410 00:23:34,320 --> 00:23:37,600 Speaker 1: honest with you, it's happening again. So not only are 411 00:23:37,720 --> 00:23:40,080 Speaker 1: you paying more for your own gas, but you're going 412 00:23:40,160 --> 00:23:44,240 Speaker 1: to be paying shipping companies more, and Walmart more and 413 00:23:44,359 --> 00:23:47,520 Speaker 1: other companies more because they just have to pay more. 414 00:23:47,960 --> 00:23:51,080 Speaker 1: Right now, gas prices are four dollars a gallon in 415 00:23:51,119 --> 00:23:54,040 Speaker 1: New York again. And as these costs rise and the 416 00:23:54,080 --> 00:23:59,480 Speaker 1: Biden administration refuses to act, we pay that price. This 417 00:23:59,560 --> 00:24:02,240 Speaker 1: is what the whole industry a few years back. And 418 00:24:02,280 --> 00:24:04,920 Speaker 1: then came the increase in goods being shipped, followed by 419 00:24:04,960 --> 00:24:09,879 Speaker 1: a rapid decrease more than twenty nineteen levels. Okay, so 420 00:24:10,080 --> 00:24:14,120 Speaker 1: all of a sudden, this rapid increase, we had more 421 00:24:14,240 --> 00:24:21,359 Speaker 1: than twenty nineteen levels. Online buying suddenly decreased. Though, suddenly 422 00:24:21,520 --> 00:24:26,040 Speaker 1: all of the online buying decreased. This reduced levels of 423 00:24:26,080 --> 00:24:29,800 Speaker 1: freight that reduced it to lower than we saw ten 424 00:24:29,880 --> 00:24:32,320 Speaker 1: years ago. So we're at the level about ten years ago. 425 00:24:32,400 --> 00:24:36,400 Speaker 1: How did that happen because online buying went up. All 426 00:24:36,400 --> 00:24:38,520 Speaker 1: of a sudden, online buying went up over the last 427 00:24:38,520 --> 00:24:41,439 Speaker 1: ten years, we're seeing freight go up. We see this 428 00:24:41,560 --> 00:24:43,960 Speaker 1: dip during COVID because nothing can move, and then all 429 00:24:44,000 --> 00:24:46,680 Speaker 1: of a sudden, this artificial rise. That made sense because 430 00:24:46,680 --> 00:24:48,520 Speaker 1: we had to move a lot of product quickly. But 431 00:24:48,560 --> 00:24:50,840 Speaker 1: then when we went down and we kind of settled out, 432 00:24:51,640 --> 00:24:53,920 Speaker 1: our numbers are around what they were ten years ago 433 00:24:54,000 --> 00:24:57,320 Speaker 1: and should being freight because suddenly people aren't trusting online 434 00:24:57,359 --> 00:25:01,439 Speaker 1: buying as much and they're buying in store. This is 435 00:25:01,880 --> 00:25:05,480 Speaker 1: sort of a weird thing, and that seems like, well, gosh, 436 00:25:05,640 --> 00:25:07,920 Speaker 1: this could really hurt the industry. But here's the thing 437 00:25:07,960 --> 00:25:12,520 Speaker 1: that teamsters knew that, and they forced Yellow into bankruptcy. Anyway, 438 00:25:12,920 --> 00:25:15,840 Speaker 1: the real kicker is that O'Brien seems to have finally 439 00:25:16,040 --> 00:25:19,240 Speaker 1: understood he screwed his members and screwed them big time. 440 00:25:19,440 --> 00:25:22,760 Speaker 1: But instead of stepping down or trying to go back 441 00:25:22,840 --> 00:25:26,720 Speaker 1: to the negotiation table, he's calling on his buddies in 442 00:25:26,800 --> 00:25:32,359 Speaker 1: big government to change us bankruptcy laws. Like I just 443 00:25:32,520 --> 00:25:35,119 Speaker 1: think the arrogance of this, like I drove these people 444 00:25:35,160 --> 00:25:39,159 Speaker 1: into bankruptcy. So hey, Biden, fix it because like, my 445 00:25:39,200 --> 00:25:43,200 Speaker 1: guys aren't getting their pensions. Now, I'm not kidding because 446 00:25:43,240 --> 00:25:47,000 Speaker 1: see this is what he said. Workers must not be 447 00:25:47,160 --> 00:25:51,520 Speaker 1: left behind when big businesses fail or like when you 448 00:25:51,640 --> 00:25:54,399 Speaker 1: drive them out of business. But whatever, you know, we'll 449 00:25:54,440 --> 00:25:58,520 Speaker 1: just go with us. What about when unions fail to negotiate? 450 00:25:58,680 --> 00:26:01,119 Speaker 1: Are we going to talk about that? Look, he says, 451 00:26:01,920 --> 00:26:06,440 Speaker 1: corporate bankruptcy legislation in the US is a joke. That's 452 00:26:06,480 --> 00:26:10,240 Speaker 1: his quote. Hard working people routinely get left behind in 453 00:26:10,280 --> 00:26:12,600 Speaker 1: the process when they should be in the front of 454 00:26:12,680 --> 00:26:16,200 Speaker 1: the line to be paid and protected for the sacrifices 455 00:26:16,320 --> 00:26:20,080 Speaker 1: they make to American employers. For the sacrifices they make 456 00:26:20,119 --> 00:26:24,919 Speaker 1: to American employers. Okay, so yes, we all make sacrifices 457 00:26:25,000 --> 00:26:27,879 Speaker 1: to go to work every day, but there's also like 458 00:26:27,920 --> 00:26:30,400 Speaker 1: a huge return because we can actually pay to live. 459 00:26:30,680 --> 00:26:32,960 Speaker 1: So I just find that funny. But that's what he 460 00:26:33,000 --> 00:26:36,359 Speaker 1: has to say about that. So imagine the arrogance of 461 00:26:36,440 --> 00:26:39,160 Speaker 1: driving a company out of business and then blaming the government. 462 00:26:39,520 --> 00:26:41,639 Speaker 1: You see, this is what he wants. He wants the 463 00:26:41,760 --> 00:26:45,720 Speaker 1: members pensions paid out of bankruptcy. He wants this to happen. 464 00:26:45,760 --> 00:26:49,399 Speaker 1: But the point of bankruptcy is that it gives the 465 00:26:49,480 --> 00:26:52,159 Speaker 1: employer a fresh start, and so that's one of the 466 00:26:52,200 --> 00:26:55,760 Speaker 1: things that gets cut is the pensions. They can't pay 467 00:26:55,800 --> 00:26:59,399 Speaker 1: the pensions. I hate to tell Sean O'Brien, but you 468 00:26:59,520 --> 00:27:01,760 Speaker 1: just simply can't get blood out of a turn up. 469 00:27:02,280 --> 00:27:06,159 Speaker 1: Maybe he should have considered his members' sacrifices when he 470 00:27:06,200 --> 00:27:10,159 Speaker 1: refused to save their jobs. If you wonder why automotive 471 00:27:10,200 --> 00:27:13,639 Speaker 1: manufacturers are leaving Michigan, it may just have something to 472 00:27:13,680 --> 00:27:16,600 Speaker 1: do with the unions as well. Makes you wonder why 473 00:27:16,680 --> 00:27:19,280 Speaker 1: Governor Whimer did repeal the right to work in the 474 00:27:19,400 --> 00:27:23,760 Speaker 1: state that's so desperate to bring in new employers. Just 475 00:27:23,840 --> 00:27:29,399 Speaker 1: remember that the Democrats are the party of the union bosses. Again, 476 00:27:29,920 --> 00:27:33,000 Speaker 1: when you hear people say Donald Trump took back the unions, 477 00:27:33,440 --> 00:27:37,320 Speaker 1: he had the union members. The bosses have always been 478 00:27:37,359 --> 00:27:39,800 Speaker 1: loyal to the people that help them get paid and 479 00:27:39,840 --> 00:27:43,600 Speaker 1: then they return the money into their campaign accounts. They 480 00:27:43,640 --> 00:27:46,240 Speaker 1: take hundreds of millions in wages, and they play in 481 00:27:46,280 --> 00:27:50,480 Speaker 1: our elections, but they can't even retain jobs for their members. 482 00:27:51,200 --> 00:27:53,719 Speaker 1: Now we're looking forward to a fall shopping season of 483 00:27:53,840 --> 00:27:56,919 Speaker 1: increased prices and shipping delays. But Joe Biden is the 484 00:27:57,080 --> 00:28:01,080 Speaker 1: union man. The lesson here is to watch what's happening 485 00:28:01,440 --> 00:28:04,959 Speaker 1: in the landscape of your life. Those folks that are 486 00:28:05,000 --> 00:28:07,720 Speaker 1: around you that you don't really know what they're doing. 487 00:28:08,200 --> 00:28:12,280 Speaker 1: Pay attention, Pay attention to the business magazines. Take a 488 00:28:12,320 --> 00:28:15,080 Speaker 1: look at what's really happening and around you. Because what 489 00:28:15,200 --> 00:28:19,040 Speaker 1: has happened with Yellow will affect your pocket book and 490 00:28:19,160 --> 00:28:22,240 Speaker 1: will affect your life for a long time to come. 491 00:28:22,840 --> 00:28:26,240 Speaker 1: So make sure that when you go to that ballot box, 492 00:28:26,480 --> 00:28:29,399 Speaker 1: when you go to the polling place in November and 493 00:28:29,480 --> 00:28:32,720 Speaker 1: you decide which person you're going to vote for, you 494 00:28:32,800 --> 00:28:35,320 Speaker 1: take a look at how much money you've shelled out 495 00:28:35,600 --> 00:28:40,360 Speaker 1: because of the unions making sure that you are paying more. 496 00:28:40,600 --> 00:28:43,640 Speaker 1: And honestly, it's not just that it's not just that 497 00:28:43,760 --> 00:28:46,880 Speaker 1: you will be paying more. Like I said, getting rid 498 00:28:46,880 --> 00:28:49,160 Speaker 1: of all these jobs, thirty thousand people out of work. 499 00:28:49,280 --> 00:28:52,440 Speaker 1: That's a massive amount of spending power loss, But it's 500 00:28:52,480 --> 00:28:54,920 Speaker 1: also a massive amount of people that we have to 501 00:28:54,960 --> 00:28:57,280 Speaker 1: find a net for and take care of. There's going 502 00:28:57,320 --> 00:28:59,200 Speaker 1: to be a lot of unemployment, there's going to be 503 00:28:59,240 --> 00:29:02,560 Speaker 1: a lot of us paying to help those folks to 504 00:29:02,640 --> 00:29:06,080 Speaker 1: get to the next job, all because the union wasn't 505 00:29:06,080 --> 00:29:09,640 Speaker 1: willing to negotiate. Keep DOT in mind when you go 506 00:29:09,680 --> 00:29:11,680 Speaker 1: out to vote. Before you go, we talked a lot 507 00:29:11,720 --> 00:29:14,520 Speaker 1: about COVID, and look, you did the tough thing during COVID. 508 00:29:14,600 --> 00:29:17,400 Speaker 1: You paid your people and pulled your business through the pandemic. 509 00:29:17,640 --> 00:29:20,000 Speaker 1: And now doing the tough thing could qualify you for 510 00:29:20,120 --> 00:29:23,720 Speaker 1: up to twenty six thousand dollars per employee at Covidtexrelief 511 00:29:23,720 --> 00:29:27,040 Speaker 1: dot org. Government funds are available to reward companies with 512 00:29:27,080 --> 00:29:30,320 Speaker 1: two or more employees who stayed open during COVID. This 513 00:29:30,360 --> 00:29:32,520 Speaker 1: is not alone and you don't have to pay it back. 514 00:29:32,800 --> 00:29:35,680 Speaker 1: The program is complicated, but no one knows more about 515 00:29:35,720 --> 00:29:38,560 Speaker 1: it than the CPAs and tax experts. At COVID tax 516 00:29:38,640 --> 00:29:41,560 Speaker 1: Relief dot org. You pay nothing upfront, They do all 517 00:29:41,560 --> 00:29:43,680 Speaker 1: the work and share a percentage of the cash they 518 00:29:43,760 --> 00:29:47,479 Speaker 1: get you. Businesses of all types, including nonprofits and churches, 519 00:29:47,520 --> 00:29:51,320 Speaker 1: can qualify, including those who took PPP loans, even if 520 00:29:51,360 --> 00:29:54,520 Speaker 1: you had an increase in your sales. Listen again, you 521 00:29:54,600 --> 00:29:57,360 Speaker 1: did the tough thing for your employees during COVID. Let 522 00:29:57,400 --> 00:29:59,960 Speaker 1: COVID Texrelief dot org help you get up to two 523 00:30:00,000 --> 00:30:03,880 Speaker 1: twenty six thousand dollars per employee. Visit Covidtexrelief dot org. 524 00:30:04,080 --> 00:30:09,160 Speaker 1: That's Covidtexrelief dot org. Once again, Covidtexrelief dot org. Thank 525 00:30:09,200 --> 00:30:11,960 Speaker 1: you all for joining me on the Tutor Dixon Podcast. 526 00:30:12,040 --> 00:30:16,040 Speaker 1: For this episode and others. Go to tutordisonpodcast dot com. 527 00:30:16,080 --> 00:30:18,360 Speaker 1: You can subscribe right there, or head over to the 528 00:30:18,360 --> 00:30:22,320 Speaker 1: iHeartRadio app, Apple Podcasts, or wherever you get your podcasts 529 00:30:22,400 --> 00:30:25,040 Speaker 1: and join me the next time on the Tutor Dixon Podcast. 530 00:30:25,280 --> 00:30:27,200 Speaker 1: Have a blessed day.