Higher Trucking Wages / Satelite Radio
- From: "DaveR" <daver6@xxxxxxx>
- Date: Tue, 28 Feb 2006 12:45:08 -0500
Here's an article snippet from the NYT with implications for inflation and
satilite radio -
Fueled mostly by retirements, the driver shortage grew dire, industry
economists say, starting in 2000 when average wages in construction and
other blue-collar jobs surpassed those of long-haul drivers.
"Guys figured, why be out on the road for three weeks when they could swing
a hammer during the day, make more money and sleep in their own bed each
night?" said Bob Costello, chief economist for the American Trucking
Association.
With predictions from the association that the current shortage of 20,000
drivers will grow nearly fivefold within a decade, trucking companies are
offering generous 401(k), stock option and health care packages to new
recruits and cash bonuses and prizes to drivers who refer viable candidates.
In hope of stealing drivers from competitors, companies have begun
outfitting more of their cabs with satellite radio and television and
introducing policies to allow drivers to bring pets and spouses on the road.
.
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