Skip to content
hollywoodstarshoney

hollywoodstarshoney

Long Life Business

Primary Menu
  • Business Management
  • Business Analysis
  • News Business
  • Investment
  • Insurance
  • Banking
  • About Us
    • Privacy Policy
    • Contact Us
    • Advertise Here
    • Sitemap
  • Home
  • Biden says investment bankers ‘could all retire and nothing much would change,’ but if truckers quit ‘everything comes to a halt’
  • Investment

Biden says investment bankers ‘could all retire and nothing much would change,’ but if truckers quit ‘everything comes to a halt’

By Patricia A. Eldridge 1 year ago
President Joe Biden (C) delivers remarks on his 'Trucking Action Plan' with apprentice truck driver Maria Rodriguez and Transportation Secretary Pete Buttigieg.

President Joe Biden (C) delivers remarks on his ‘Trucking Action Plan’ with apprentice truck driver Maria Rodriguez and Transportation Secretary Pete Buttigieg.Chip Somodevilla/Getty Images

  • Biden spoke about the Trucking Action Plan this week, which aims to strengthen the supply chain.

  • He said ‘nothing much would change’ without investment bankers, but ‘everything’ would halt if truckers quit.

  • Walmart just raised the starting salary of its truck drivers to between $95,000 and $110,000 a year.

President Joe Biden delivered remarks on the White House’s Trucking Action Plan on Monday, an initiative that aims to “increase the supply of truck drivers” as the nation continues to struggle with labor gaps and supply-chain issues.

“All of you here today are people our economy should be built around because you all — you all are the people who literally make it run,” Biden told the crowd containing truckers and their families, speaking from behind a podium centered between two massive semi-truck tractors. “That’s not hyperbole.”

“I have nothing against investment bankers. They could all retire and nothing much would change. You all quit, everything comes to a halt,” he continued.

Companies have struggled to hire truck drivers this year, creating labor gaps in an already strained supply chain. But some truckers have pushed back on the idea that the nation faces a “shortage” of truckers, arguing that the industry’s real problem is low pay and job quality.

Jason Miller, associate professor of supply-chain management at Michigan State University, previously told Insider that there isn’t a shortage of truck drivers. Instead, he said, truckers have shifted from working for mega carriers to driving for smaller operators or becoming owner-operators themselves.

This has prompted many carriers to offer massive sign-on bonuses and wage hikes. On Thursday, Walmart announced it is shifting its pay structure so that its private fleet drivers can earn between $95,000 and $110,000 in their first year.

That’s nearly double nearly the average truck driver’s salary of $50,340 a year, according to data from the US Bureau of Labor Statistics. By comparison, a first-year investment banking analyst at J.P Morgan is paid a starting salary of $110,000, as Axios reported Friday.

In his remarks Monday, President Biden said 2021 was “the best year for trucking employment since 1994,” adding that there are now 35,000 more trucking jobs than there were before the pandemic.

He also acknowledged the issues facing women in the trucking industry, and said increased wages, reduced wait times, and improved safety will benefit the recruitment and retention of female drivers.

Biden’s speech did not address the lack of truck parking across the country, a critical need for trucker safety and sleep that drivers say has been overlooked by the White House.

Read the original article on Business Insider

Tags: Amazon Business Credit Card, American Airlines Business Class, Att Business Login, Austin Business Journal, Best Bank For Small Business, Best Business Bank Accounts, Best Business Schools In Us, Best Business To Start, British Airways Business Class, Business Attire Men, Business Card Ideas, Business Casual Shoes For Women, Business Continuity Planning, Business Entity Search, Business Letter Template, Business Management Degree, Business Manager Facebook, Business Plan Outline, Business School Rankings, Colorado Business Search, Delaware Business Entity Search, Drop Shipping Business, Family Business Bet, Fox Business Live, Georgia Sos Business Search, Google Business Account, Harvest Small Business Finance, How To Build Business Credit, Is Saturday A Business Day, Is Sears Still In Business, Microsoft 365 Business, My Business Google, Name Generator Business, None Of Your Business, Ny Sos Business Search, Open A Business Bank Account, Pa Business Search, Plus Size Business Casual, Pnc Business Banking, Sos Business Search Ca, Sunbiz Business Search, Taking Care Of Business, The Business Of Being Born, Turbotax Home And Business 2020, Tx Sos Business Search, Venmo For Business, Verizon Business Plans, Virtual Address For Business, What Are Business Days, Women Business Casual

Continue Reading

Previous If You Invested $1000 in Berkshire Hathaway B a Decade Ago, This is How Much It’d Be Worth Now
Next Is Amazon or Alphabet the Better Stock Split Investment?

Archives

  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • March 2020
  • November 2018
June 2023
M T W T F S S
 1234
567891011
12131415161718
19202122232425
2627282930  
« May    

Recent Posts

  • How Can Trenchless Drilling Help You to Enhance Your Project Profitability?
  • Investment Casting Process Outlined
  • Five Rules on How to Write a Business Letter
  • Auto Insurance – Understanding the Different Types of Collision Insurance
  • Real Estate Investment in Stunning Cyprus

BL

Tags

Amazon Business Credit Card American Airlines Business Class Att Business Login Austin Business Journal Best Bank For Small Business Best Business Bank Accounts Best Business Schools In Us Best Business To Start British Airways Business Class Business Business Attire Men Business Card Ideas Business Casual Shoes For Women Business Continuity Planning Business Entity Search Business Letter Template Business Management Degree Business Manager Facebook Business Plan Outline Business School Rankings Colorado Business Search Delaware Business Entity Search Drop Shipping Business Family Business Bet Fox Business Live Georgia Sos Business Search Google Business Account Harvest Small Business Finance How To Build Business Credit Is Saturday A Business Day Is Sears Still In Business Management Microsoft 365 Business My Business Google Name Generator Business None Of Your Business Ny Sos Business Search Open A Business Bank Account Pa Business Search Plus Size Business Casual Pnc Business Banking Sos Business Search Ca Sunbiz Business Search Taking Care Of Business The Business Of Being Born
hollywoodstarshoney.com | Magazine 7 by AF themes.

WhatsApp us