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Originally Posted by Nebe

Wealth inequality really began in this country when corporate tax rates were slashed. They used to be so high that profits were turned into payroll for employees. In those days the middle class was booming. If trump really wanted to make America great again he would raise the taxes on big corporations so that they would have two choices - pay high taxes or pay their employees more which in turn would be a massive stimulus to the economy.

Instead we have a trickle down economy where the masses are all slaves to debt because their costs of living have soared higher than their income has risen.
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Or they were used for capital investment that could be claimed to reduce their effective rate. Lowering the tax rate but keeping the deductions, along with industry specific exemptions changed this equation so some large corporations effectively pay little or nothing.
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[Nebe]

Originally Posted by spence

Or they were used for capital investment that could be claimed to reduce their effective rate. Lowering the tax rate but keeping the deductions, along with industry specific exemptions changed this equation so some large corporations effectively pay little or nothing.
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My point is that there is not much insentive to pay your employees a living wage. I once read that some Walmart employees would have to work 150 hours a week to afford a 2 bedroom apartment and groceries. As a result they have to go on food stamps that we all pay for. And all the while the Walton family is one of the wealthiest families in the country.
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[spence]

Originally Posted by Nebe

My point is that there is not much insentive to pay your employees a living wage. I once read that some Walmart employees would have to work 150 hours a week to afford a 2 bedroom apartment and groceries. As a result they have to go on food stamps that we all pay for. And all the while the Walton family is one of the wealthiest families in the country.
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No that’s just what winning looks like.
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[Cool Beans]

Originally Posted by Nebe

My point is that there is not much insentive to pay your employees a living wage. I once read that some Walmart employees would have to work 150 hours a week to afford a 2 bedroom apartment and groceries. As a result they have to go on food stamps that we all pay for. And all the while the Walton family is one of the wealthiest families in the country.
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You get paid for your work, not for "having a freaking job" ENTRY LEVEL jobs are for entry level people. If that crappy summer job you had during summers at high school paid a "Living wage" maybe you never would have went to college. Entry level jobs are to get people started and not to provide for a family of 4.

[Jim in CT]

Originally Posted by Nebe

My point is that there is not much insentive to pay your employees a living wage. I once read that some Walmart employees would have to work 150 hours a week to afford a 2 bedroom apartment and groceries. As a result they have to go on food stamps that we all pay for. And all the while the Walton family is one of the wealthiest families in the country.
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yes there is an incentive, because in most cases, employees can and will go elsewhere if they’re underpaid. businesses have every possible incentive to hold onto top employees. wveryone hates walmart, but everyone likes the low prices.
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Originally Posted by Jim in CT

yes there is an incentive, because in most cases, employees can and will go elsewhere if they’re underpaid. businesses have every possible incentive to hold onto top employees. wveryone hates walmart, but everyone likes the low prices.
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Employees will stay at a lower paying job if their pre-existing conditions won’t transfer to new insurance. They won’t move if they can’t afford relocating costs or the risks of a steady job. And while the job market is good right now that’s a phase, many years there are no other options for many,
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