He argued that privatization would lead to "higher postal rates," slower deliveries and "low paid workers who get few benefits." The Postal Service started being partially privatized forty.or so years ago. Potential benefits of privatisation. 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. For most of the country’s history, USPS … These dedicated employees work This added $5.7 billion to its costs last year. Ranked by employees, the USPS is second only to Wal-Mart1[1]. 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. The United States Postal Service shipped more than 13 billion pieces of mail and packages this holiday season. What they have been doing is to gradually farm out more and more core functions to the private sector. Privatisation is often achieved through listing the new private company on the stock market. The USPS is a major business enterprise operated by the federal government. Revenues from the sale of USPS products are supposed to cover the company's costs. 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. Today the United States Postal Service (USPS) is the third-biggest employer in America, behind Walmart and the Defence Department. Arguments for and against privatisation. No other private company or federal agency has to pre-fund retirement health care benefits. There are several other theoretical benefits of privatisation. Indeed, the business secretary at the time, Vince Cable, believed that full privatisation was the only way to make the Royal Mail a sustainable business, pointing to the already successful privatisation of postal services in Germany in 1994, and Austria in 1999. Although there is not a stated governmental effort to privatize the United States Postal Service, some lawmakers in the U.S.—including Trump—have previously suggested that privatization … 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]. Postal Service. ... 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. 1. Postal workers in Carlsbad, Calif., in 2013 (Mike Blake/Reuters) The Postal Service is in dire financial straits. 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