Privatisation is often achieved through listing the new private company on the stock market. Arguments for and against privatisation. Ranked by employees, the USPS is second only to Wal-Mart1[1]. The over 900,000 men and women who work for USPS produce more than $60 billion in revenue and deliver over 200 billion pieces of mail annually2[2]. No other private company or federal agency has to pre-fund retirement health care benefits. The Postal Service started being partially privatized forty.or so years ago. The United States Postal Service shipped more than 13 billion pieces of mail and packages this holiday season. He argued that privatization would lead to "higher postal rates," slower deliveries and "low paid workers who get few benefits." Postal workers in Carlsbad, Calif., in 2013 (Mike Blake/Reuters) The Postal Service is in dire financial straits. The importance of postal privatization is written in the Postal Service’s roller‐ coaster record of quality crises followed by improvement followed by more crises. ... impeached Trump would have to approve the elimination of a couple hundred thousand union jobs with decent wages and benefits in every state and every House district in the country. There are several other theoretical benefits of privatisation. Potential benefits of privatisation. The USPS is a major business enterprise operated by the federal government. In 2006, Congress required the Postal Service — known as USPS for short — to “pre-fund” 75 years of its retirees’ health benefits. 1. These dedicated employees work The Pros and Cons of Privatizing Government Functions Outsourcing may seem like a perfect solution for deficit-plagued governments, but the morning after can bring some unpleasant surprises. Ranked by sales, the United States Postal Service (USPS) is the eighth-largest American corporation. U.S. Today the United States Postal Service (USPS) is the third-biggest employer in America, behind Walmart and the Defence Department. In the 1980s and 1990s, the UK privatised many previously state-owned industries such as BP, BT, British Airways, electricity companies, gas companies and rail network. But with the rise of electronic communications, mail volume has plunged, and the 600,000-worker USPS has been losing billions of dollars a year. What they have been doing is to gradually farm out more and more core functions to the private sector. This added $5.7 billion to its costs last year. Revenues from the sale of USPS products are supposed to cover the company's costs. 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