I'm not taking shots at USPS, I've always been pleased and happy.
But my understanding is that a lot of their losses (aside from the dwindling business) are in the pensions and retirements of the employees.
Kinda like how Social Security can't keep pace with the payouts, USPS retirement and pension monies are sucking a lot of money out of what little they're generating.
Not to mention, that, as government employees, they're getting paid way more than they're worth while they are still working.
It depends we are but are not government employees. Unlike all other feds we do not get an area based pay adjustment so a small town letter carrier out earns police supervisors and teachers while big city carriers live near the poverty line, assuming they live anywhere near their assignment, if they have three kids.
The UPS Driver is the best paid in the industry while a FedEx Courier makes slightly more then a letter carrier and he reaches his top pay grade about 8 years earlier then we do.