Question on improving working class pay to conservatives...

[citygator]

Stop defending china.

Stop defending Pedophiles. Gross.

 

[citygator]

This Clinton advisor is right, you really don't have anything besides Orange Man Bad.

A dude that has to be identified cuz no one knows him books a paying segment on Fox to tell Fox views the Democrats are far right. Yea. Thanks for the news flash.

 

[Maxdeath]

Her point is that the business deducts the wage and saves 21 cents in tax.
But she's still crazy.

As I pointed out they still have to pay social security, unemployment insurance, Medicare, pay benefits and compensation. So her claim is not even close to correct.

 

[Toddsterpatriot]

As I pointed out they still have to pay social security, unemployment insurance, Medicare, pay benefits and compensation. So her claim is not even close to correct.

Yes, like most leftists, her business understanding is shallow and incomplete.

 

[Dragonlady]

How exactly do you come up with the crazy idea that a wage increase of $1.00 only costs 79 cents? If a company pays 1 dollar it not only costs 1 dollar but you have their part of social security, Medicare and unemployment insurance. Plus it increases benefits if they have benefits. So it is over 1 dollar.

Wages are a tax deductible expense. The company pays 21% income taxes on profits so if they spend more on wages, it reduces their tax bill by 21% of the wage increases. So each dollar of wages only costs the company 79 cents since the other 21 cents would be paid in taxes on the higher profits.

The additional amounts for taxes and benefits of which you speak (18.3% of wages), are similarly tax deductible to the corporations. Also, many benefits have fixed costs (employee health insurance for example), and are not tied to income levels at all, especially for those at the lower end of the income scales.

It's no accident that companies like McDonald's and Walmart were making money hand over fist, while their workers were applying for food stamps and EIC's.

This is simply economics.

 

[toobfreak]

If conservatives really want to improve pay and improve jobs for the working class why not simply support a higher minimum wage for jobs Americans are ALREADY doing?

Because that is inflationary.

If the plan is to tariff Americans (yes we pay tariffs)

WRONG. We do not pay tariffs, and Trump's plan is not to tariff Americans. But then, you already knew that.

 

[initforme]

Yes, like most leftists, her business understanding is shallow and incomplete.

I higher wages and benefits are a big issue then simy do NOT hire. It IS that easy.

 

[Maxdeath]

Wages are a tax deductible expense. The company pays 21% income taxes on profits so if they spend more on wages, it reduces their tax bill by 21% of the wage increases. So each dollar of wages only costs the company 79 cents since the other 21 cents would be paid in taxes on the higher profits.

The additional amounts for taxes and benefits of which you speak (18.3% of wages), are similarly tax deductible to the corporations. Also, many benefits have fixed costs (employee health insurance for example), and are not tied to income levels at all, especially for those at the lower end of the income scales.

It's no accident that companies like McDonald's and Walmart were making money hand over fist, while their workers were applying for food stamps and EIC's.

This is simply economics.

You seem to somehow not understand that all the benefits that a company has to pay on that single dollar amount to more then you think.
I never claimed health insurance. I was talking about things like 401ks, or paid vacation.
To make money those companies had to drop a lot of their employees. Why do you think you see so few people working at the cash registers and so many people at self checkout? Part of the reason people are collecting food stamps was because they were cut back so companies could make money.
You constantly prove you do not understand economics.

 

[initforme]

Because that is inflationary.


WRONG. We do not pay tariffs, and Trump's plan is not to tariff Americans. But then, you already knew

People making a higher wage is inflationary? So then people making $100 per hour for their job are inflationary?

 

[toobfreak]

People making a higher wage is inflationary?

Obvious. I am not talking good paying jobs, I am talking about people making more for doing the same work. It raises cost to the employer which then must raise cost of products and services, ie, inflation.

 

[80zephyr]

If the simple answer is illegal immigration control then why the need for world wide tariffs?

Also, if there are 7.5 million unfilled jobs currently and then you deport millions of workers, who exactly will be doing all the jobs that have no one doing them? It just doesnt really make sense if you follow it through. We need more workers and lower prices which is really the opposite of what you would be suggesting.

Because both actions will raise the pay for Americans.

 

[initforme]

Obvious. I am not talking good paying jobs, I am talking about people making more for doing the same work. It raises cost to the employer which then must raise cost of products and services, ie, inflation.

So would you want american citizens making the same exact product for the same wage overseas? Or even close?

 

[initforme]

Obvious. I am not talking good paying jobs, I am talking about people making more for doing the same work. It raises cost to the employer which then must raise cost of products and services, ie, inflation.

So the people with high paying jobs...they're entitled to a good wage. The working masses? Highervwages are inflationary?

 

[toobfreak]

So the people with high paying jobs...they're entitled to a good wage.

Kinda the point to getting an advanced degree, right?

 

[initforme]

Kinda the point to getting an advanced degree, right?

Yes. But the people doing the grunting and producing should not be looked upon as $20 per hour people. They count too. But find a democrat or republican who agrees and they tell you thr LAME reply " you get what the market pays". Unacceptable. They are amercan citizens.

 

[citygator]

I'm not defending you nor will I ever

It's against the rules to call posters pedophiles even in jest. I'll let you delete it before I report it.

 

[citygator]

Because that is inflationary.


WRONG. We do not pay tariffs, and Trump's plan is not to tariff Americans. But then, you already knew that.

I get your first point, but it is also inflationary to tariff goods and it is inflationary to have goods made here. There is no way around inflation with your remedies.

Your second point is ridiculous. I personally import about $1B in goods for my company. I pay for the tariffs. A US company, mine, pays for the Tariffs. There are no Vietnamese or Chinese, or Indian nationals paying the tariff. I pay for it. Then it goes into the cost of goods.

 

[Crepitus]

If concrete finishers were making $45 per hour wages all across the employment spectrum would rise.

And new homes would cost a million dollars each.

 

[citygator]

I am SO CONFUSED.

You are all saying that minimum wages rising would CAUSE INFLATION and THAT IS BAD.

Then you are all saying that paying Americans 3Xs the wages to do a job would CAUSE INFLATION and THAT IS GOOD.

Is there anyone who can make sense of it all???? Do we care about inflation or not? Do we care about paying higher wages or not?

 

[toobfreak]

I get your first point, but it is also inflationary to tariff goods and it is inflationary to have goods made here. There is no way around inflation with your remedies.

It is not inflationary because A). the supplier pays the tariffs. B). Tariffs go away when dropped, whereas inflation is driven by the economic index of dollars vs. spending.

Your second point is ridiculous. I personally import about $1B in goods for my company. I pay for the tariffs. A US company, mine, pays for the Tariffs. There are no Vietnamese or Chinese, or Indian nationals paying the tariff. I pay for it. Then it goes into the cost of goods.

So you make the point. You paid the tariffs. Some companies absorb them, you passed them on. Maybe you can do that while others feel it would hurt their bottom end too much.