Again, as I mentioned in my post regarding Postal workers in the USA and using that as an example.
There 530000 workers for the US Postal services. They make a decent wage of 26 dollars per hour. This is not too much , it affords a decent lifestyle. The hourly wage comes to something like 26 dollars per hour.
Now what happens when it Privatized? The “Investor” or group of investors will look at the wages and conclude they too high for “unskilled work” They cut wages to 15 dollars per hour (A Bezos in other words)
This translates to “savings” of about 6 million dollars an hour and based on an 8 hour work day some 50 million a day.
Where do those “savings” go"? Is it for better service or lower costs to the Consumer? NOT. They become a source of cash flow and subtracting Investment costs anything over and above is profits. Now will that 50 million dollars a day was once distributed among 530000 workers, it now flows into the pockets of a much smaller group of already rich investors. The 530000 workers become poorer as the handful of investors become ever more wealthy.
Capitalism at work and the media and public OOH and ahh over how “smart” these rich guys are.