Piece of crap
by Tom Sullivan
In a lead Sunday op-ed, I once slammed local planners for wanting to develop a former factory site into yet another strip mall anchored by big-box stores. Low prices, low wages. Just what unemployed factory workers need, right? I couldn’t believe the editors allowed it to run with the line about stores selling “cheap, plastic crap from China.”
Now this from the WaPo: The Postal Service is losing millions a year to help you buy cheap stuff from China
Via an arcane treaty mechanism, the U.S. Postal Service delivers small packages from Chinese merchants to destinations in the U.S. at below its cost. The inspector general’s office estimated that foreign “ePacket” treaty mail cost the USPS $79 million in 2013 and another $5 billion last year.
But this has still been a money sink for the Postal Service. In 2012, USPS was paid only 94 cents on average for each piece of Chinese ePacket mail, according to a February report from the Postal Service’s inspector general’s office. That report estimated that the Postal Service was losing about a dollar on each incoming item, adding up to a $29.4 million net loss in 2012.The irony? writes Jeff Guo, "In a way, those who mail stuff abroad are helping to pay for other Americans to get cheap shipping on purchases from China." And this on top of the retirement fund requirement imposed by Congress.Forums on eBay are filled with angry notes about ePacket. “I must say that it is simply an economic disaster for US Sellers,” one person wrote. “One product that we sell for 2.00 with 2.50 shipping a chinese company is selling for .99 with free shipping,” another complained. The person added, “Too much work no money here anymore. Let the Chinese have it.”
Our local USPS mail processing facility is slated for closure. So a little Sunday Morning Music.