Don't forget that trickle-down was originally called horse and sparrow economics in the 1890s. That term is a little closer to what actually occurs.
All the extra food goes through the horse, which in this case is ABF. Then it passes through the body, comes out as fecal matter, and we sparrows peck away at what the horse didn't digest.
But doesn't trickle down sound so much nicer?
"Trickle-down" sounds like .....runny diarrhea. So, we're back to the fecal matter........
Honestly, though............For ArcBest, this corporate tax cut comes at the absolute wrong time. They've been handed a permanent 14% windfall,.....and , since they signed on with the "Best for America" corporate drivel,......they've got to put their money where their mouth is.
It would be extremely hard for them to plead poverty now,...........And,...to not "invest" in their workforce would almost be apostasy.........
The only strategy they have,.....is to drag out contract talks until the average citizen/worker..."forgets"....all the promises about corporations investing in their people with bigger paychecks and more hiring...
And,........given the ease in which most people believe just about anything they hear,...and the collective short attention span due to a lack of cognitive reasoning, because most people,........don't read......
I'd give it just about three months,......and then ArcBest can go back to crying poverty without anyone raising an eyebrow.....
Now,....the Big Question is,..........How is our Illustrious Leadership going to factor in the permanent corporate tax cuts, along with the increasingly stark lack of qualified drivers,....plus the almost full employment level of the available labor pool?
Significantly raise wages? Offer Job Protection for Union drivers potentially affected by computer-driven OTR trucks? Offer to pay....(..Finally!..)....the full cost of maintaining a HAZ-MAT endorsement? RESTORING THE VACATION SCHEDULE? Vastly increasing protection for Union Defined-Benefit pensions?
We Await with Bated Breath the Wisdom and Guidance from the Marble Palace...........The two Court Jesters to the Freight industry .....Fric(Johnson)...and Frac(Sweeton)....are gone.........Let's hope Mr. Hoffa isn't looking for another one to fill the "clown" position.......