Corporate tax cuts unlikely to trickle down to across-the-board wage increases

At a conference last week at the Dallas Fed, the corporate leaders onstage declared that the era of across-the-board raises was over, and would never return.

Troy Taylor CEO of the Florida Coke franchise put it succinctly: "It’s just not going to happen. [A general raise is] absolutely not in my business."

The moderator asked the panel whether there would be broad-based wage gains again. "It's just not going to happen," Taylor said. The gains would go mostly to technically-skilled employees, he said. As for a general raise? "Absolutely not in my business," he said.

John Stephens, chief financial officer at AT&T, said 20% of the company's employees are call-center workers. He said he doesn't need that many. In addition, he added, "I don't need that many guys to install coaxial cables."

It was once the standard that firms that performed well would give all their employees an annual raise, in part to acknowledge workers' contribution to the business's fortunes, in part to ensure that wages kept pace with inflation (otherwise workers would be suffering a real-terms pay-cut every year).

American firms are more profitable than ever, and enjoying never-seen low rates of taxation, but the new profits and retained earnings are being diverted to financial engineering schemes like stock buybacks that enrich shareholders, while workers' wages have suffered from decades of stagnation.

boingboing.net/2018/06/02/are-there-no-workhouses-5.html

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and water is moist?

Get fucked TIDF kikes

there are people out there who are SO delusional, they actually believe that Trump has 'fixed our economy'. The truth is, we are doing just as bad as before, and the only thing Trump accomplished so far was a massive tax break for the very rich. Sure, you can find a job, as long as you're willing to work at a McDonald's for minimum wage.

The Singapore Summit was all a bunch of hype, because the 'agreement' they signed had absolutely nothing concrete in it. The terms of the 'agreement' stated that the two nations 'agreed to discuss things further'…

Trump's a fucking idiot, and a terrible businessman…

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In fact, legitimate real Republicans can't stand Trump. He's a piece of shit, and they all know he's an idiot.

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The man bankrupt his own casino. You know, a casino? Where people give you money for absolutely nothing?

They wont increase peoples wages but obviously if US companies are more successful they will grow and employ more people.
Peoples take home pay went up because their income tax went down. Not because of corporate tax breaks.

The thing they left out of that illustration is how Trump is covered from the neck down with scales and flakes of silver plaque psoriasis, an autoimmune disorder. He's disgusting

nobody was expecting wage increases. just more jobs.

i love how you liberals move the goalposts.

exactly. Trump has LOST tens of billions (other people's money) but has only amassed a little over $300 million himself.

hence the refusal to release his tax records

in America, you have the constitutional right to be completely wrong.

it's nice to see you exercising that right.

There used to be hundreds of small independent casinos. But only the ones with very rich benefactors (way richer than Trump) survived the market crash in the 90s.

Even huge names like MGM and Las Vegas Sands only just survived.

What part of 20% of the company's employees are call-center workers. He said he doesn't need that many. In addition, he added, "I don't need that many guys to install coaxial cables." sounded like 'an increase in hiring'?

That's like saying everyone has a job thanks to everyone being enslaved.

thanks for proving my point

THE CORRECT ANSWER WAS:

he's a disgusting, repugnant human being

AN ACCEPTABLE ANSWER IS:

he's the farthest thing from a shrewd, savvy businessman. he's a fucking moron

I want you to consider for a moment that the United States has to incentivize companies with tax breaks to get them to make donations to charity.

These companies aren't going to spend a fucking dime if they can help it.

Across the board wage increases doesn't make sense though.
The guy sweeping floors hasn't become suddenly more efficient.Why does he deserve a raise?

Theft is evil. Redistribution is theft.


Why does a kid with inherited wealth get to live scott free while the average joe has to work above minimum wage for his pay?

He can live scott free. Or he can not.
It's the Koch's money to spend.
Okay, let's look at a chain of events.
Richest man on the planet, Jeff Bezos.
He was born to two 17 year olds, last time he saw Bezos was when he was 3.
Bezos starts a company, selling books out of his garage online after saving up money working at jobs. Makes a company called Amazon. It provides a service people want, disrupts an existing market place. He made it, so he owns it. Any of his employees could have made their own competitor, but chose not to, either because of some trust in his leadership, or not wanting to risk their home to get out loans for a business, or because they wanted a steady paycheck. The company continues to grow, and eventually it goes public and is sold on the stock market. Now, a lot of people want a piece of it, so you have groups like teachers unions, or police pension funds, or private individuals. And since there's a limited amount of shares, the prices go up, because everyone wants a piece of Amazon.
Now, he has all this money, and since it's his money, he decides to give it to his kids.
That's why. And to take from him would be an evil act, as you would be stealing. All those exchanges were voluntary, and you would be bringing a gun into the equation and taking his money at gunpoint

one more time:

if he was a shrewd, savvy, sane, intelligent businessman

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Because he's sweeping the floors, that's why. He is providing you a service, spending his time and effort to keep your floors free of dust and debris, a job you didn't want to do yourself. His work makes your business a clean and positive work environment, and thus should be recognized for the work he does for you.

That floor sweeper is a fellow human being, and as such owes nothing to you. In fact, you owe him, for his contributions to your business are immeasurable. A man is giving a part of his life to you. It is only fair that he should be well compensated for it.

In all fairness, I suppose it would be pretty hard to accomplish anything when you were busy around the clock, illegally using campaign funds to payoff prostitutes, doing damage control regarding your connections to the Russians, creating insane tweets about how you're 'not guilty'.

With a busy schedule like that, it's understandable that he doesn't have time to take care of America

Do you think anyone actually takes your anti trump rhetoric seriously anymore? Do you think you're smart when you make baseless accusations?

NEWSFLASH! That schticks so old now. everyones ignoring you because you are boring to talk to. You need to become more interesting if you want to get (you)s from anyone.

Yeah the situation is definitely better outside the US where companies dont routinely give to charity. Forcing someone to give to charity isnt really charity at all.

Back on topic: One thing companies will spend money on is growing their market share. Depending on the nature of the business that means increasing their number of retail locations, distribution centers, increasing your fleet of vehicles, purchasing advertisements and endorsements etc.
People have to build those buildings, then employees have to run them, plus all the associated services like transporting and feeding workers. That all stimulates the economy.

Politics are boring and predictable.

I think what really speaks volumes about a man is how women perceive them.

A recent survey of American females aged 18 to 50 years old proved that only ONE woman would fuck Trump.

She was a disgusting porn star (a prostitute) and even she said she had to "really think about it first".

You mean besides the fact that you refuse to sweep your own god damned floors? Fine then. How's about making him (the floor sweeper) more able to consume your service/product and more services/products in general. It may shock you to learn this but as people get more money, they spend more money, which gives you a better market to exploit. They also tend to have less need to go into debt, which reduces the odds of them defaulting on their loans which increases the stability of the economy (which helps you make more money). As people move out of 'below poverty line' conditions you'll also see their neighbourhoods become less criminally inclined - that saves you money in the the lower expenditure on policing, incarceration etc as well as making you safer.

The only motivation I can see in your argument is basically just "FUKIN POORFAGS LOL, STOP BEIN LAZY 'N JUST INHERIT MORE MONIES!" Grow up. Excessive redistribution is harmful, but some level of redistribution is an expected and necessary part of living in a functional society. Even going as far back as ancient Rome wealthy citizens paid their taxes in order to provide a welfare net for their poorest citizens (look it up, the Grain Dole was a hugely significant part of the politics of the Roman Republic). If you want to live in some kind of Ancap dream world then don't let anyone stop you - just go and do it somewhere else where nobody else has to put up with your shit.

Thats a pretty unusual situation.
Not many businesses 'accidentally' hire more people than they need.

Do you think anyone actually takes your pro trump rhetoric seriously anymore? Do you think you're smart when you make baseless accusations?

NEWSFLASH! That schticks so old now. everyones ignoring you because you are boring to talk to. You need to become more interesting if you want to get (you)s from anyone.

downsizing: the name of the game as profits increase

If your downsizing that usually means your compettition is upsizing.

Not at all. In fact, Corporations that have no competition whatsoever are downsizing has their profits Skyrocket

And none of my 'accusations' are baseless. Everything I said was either printed by reputable sources, or I saw actual interviews with involves players, like the team of lawyers were brought in by the conglomeration of banks when Trump defaulted and lost tens of billions of dollars of their money.

Of course, you prefer to look for positive spin, so you go to news sources that paint a positive light on the idiot.

He's an extremely polarizing man, and it's fair to say we are on opposite ends of the spectrum.

It's also fair to say that you're a fucking idiot if you actually think Trump is legit

I don't believe in Republican. I don't believe in Democrats. I'm not a Libertarian. I don't believe in any of that bullshit. Those are all great school magic show quality distractions intended to keep your eye off what's really going on behind the scenes. The Department of Defense makes the decisions, not any particular political party or Administration. We've been headed in a downward spiral for quite some time, basically ever since World War II wrapped up.

America has got so many problems that need to be taken care of immediately, and I'm not talking about Obama's health care initiative or tariffs from foreign Nations. We are completely dysfunctional, collapsing from within, and it's much more than just economic.

It wouldn't matter if Hillary was elected or Trump or Bernie Sanders or whoever… The system is it going to change.

That being said, has a public representative who symbolizes America to the rest of the world, Donald Trump is one of the most embarrassing things I've ever seen. He makes it look like we are all WWE fans

I dont remember anyone talking about removing compettition so far in the thread?

Obviously there haved been some unspoken agreements in communications companies not to compete in certain regions. Probably the government turned a blind eye to that because those companies were vital for spying on our private data. You cant blame that on drumpf, that practice goes back as far as Bill Clinton if not earlier.

Labor has a cost, and a value. If you don't have the ability to work anything but a cash register, well, sorry, you can't afford a lambo. Society has to be functional and ethical if it is to have any standing, and capitalist liberal democracies are the most functional and the most ethical societies we have ever observed, and continue to increase the living standards for everyone, including the poor and people not even in the capitalist liberal democracies.

Unfortunately what you fail to realise is that in reality there are limits to what we have and can produce. Thus, there must be rationing. How is it to be done? In your system, there is someone who chooses. Who lives and who dies, even, in the case of healthcare. Who has and has not might be more apt. That person is a human being, ultimately corruptable. In a capitalist society, that choice is based upon the ability of the person to prove their merit through acquisition of money.

Youre a brainwashed little cuckold for the rich, let me elaborate.

Youre likley one of these idiots who says things such as,

"Oh, lol idiots at McDonalds want 15 dollars an hour cause I love to suck penis" etc, okay

Instead of paying them 15 dollars an hour how about I just knock your paycheck for the food stamps and the healthcare McDonalds, and the other rich corporations dont want to pay for. You see, These corporations - without you even knowing - have turned you into their little cuck that argues their points, for no reason

Seriously think about it

What detriment is it to you if Mcdonalds pays 15 bucks an hour. Like does that come out of your bank account, NO. But youre all. OMG them getting 15 an hour… wtf

…See. Dance little puppet. Dance.

Now tell me why I lived in America and I figured this out. Why do I have to explain it to so many others, fucking why

I always take my political and economic advice from people in imageboards financed by a tiny pigfarm

*looks around at the audience, who sit in silent indignation*

Hell, if no one else is going to do it, I will….

……stands and applauds your post

"bravo, sir"

you should probably read up on your jew hating idol henry ford. he based his company on the fact that if you pay your workers good they'll buy your product and spread good PR about you thus increasing your sales. businesses now just assume their workers are a complete write off and won't be re-investing anything back into the company and why would companies believe that? because they refuse to pay above minimum

its because people feel insulted when someone starts earning closer to their wage and they go "why don't i just work at mcdonalds". everyone wants to be a king with peasants under their heel and end up just doing the bidding of their masters just so they can spit on their fellow man

Hi reddit.

hello…………….

homosexual video game boy

(checked)

I'm not arguing for a command economy (as you seem to be trying to imply), just that paying the best wages that you can for a job is in the employers best interests so long as he doesn't assume that his workforce vanishes into nothing at 5pm before reappearing at the gate the following morning. If you owned a company that makes something why wouldn't you want your employees to become customers as well?

correct. and if you treat your employees like shit, they leave

unlikely? already happened fucking fake news
places gave huge bonuses and pay raises

in addition to everyone who gets paycheck got larger checks because of the tax cuts

no shit

Fox and Feinds watcher

"legitimate real" Republicans are the kikes advocating for trickle-down
>>>Zig Forums

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You're all idiots.

The reason we raise wages is twofold.

First, because it counteracts inflation. As the economy continues to grow, more money goes into circulation, which reduces it's value. Every year however much money you have becomes slightly less valuable (this is why it's important to invest it and try to grow it, because you can't just sit on it; like a car, it depreciates).

Secondly, because due in part to the above and due in part to a gorillion other factors, the cost of living goes up. If your wages don't outpace your cost of living, CONGRATULATIONS! You're in poverty.

Massive wage growth for the lower classes was one of the big factors that fueled the economic boom of the 50s. Conversely, the reason we had suck a limp-dick recovery from the 2008 recession was because wages didn't really go up, even though the GDP started growing again.

The real measure of economic success is the spending power of the average American citizen. Between debts, wages, and cost of living, it's been steadily shrinking for half a century.

it's amazing how intelligent you seem to be, considering how fucking full of shit you are.


I'm Jewish (superior to you) and the only trickle down I advocate is my semen on your chin

you covered all the bases, except for the fact that ever since 1971, when Nixon took us off the gold standard, and every dollar bill printed after that has been bullshit. Our economy is built on imaginary artificial stimulation, printing out trillions in empty worthless 'IOU's', with no gold in Fort Knox to back it up…..

which pretty much negates every point you made

None to me but everyone who works at McDonald's loses their job because you have now made it cheaper to have a digital pad that takes your order and a machine that makes your burger with only one person left that brings you your food. So you just put around five people per McDonald's out of work because you're a stupid nigger who doesn't understand that his job doesn't produce $15/hr.

Never have

Fuck off asshole, socialistic minimum standards are what keep countries from developing 3rd world rubbish heaps.

Not if you ban McDonalds from automating everything, what are they going to do move drive throughs overseas? Even if it killed the industry it would be better for the nation's culture and health.

You sure are showing your true colors ITT, Johnny.
If you are not merely trolling I am extremely unimpressed.

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So we should ban modern farm equipment too so more people would be needed on the land?

...

Yet they already did. Oh well maybe you can find another lie to sell.

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Oh, NO YOU DI'INT!!

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Okay, so maybe you DID…..

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Some people simply make money the old fashioned way, if you know what I mean…

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Okay, okay… I'm about to be admitted to the hospital

you guys are lucky…

I'll be scarce for a few days…

What for?
Mental instability.

Yes, because what we need now is a monetary system that makes it impossible for the United States government to manage it's own economy. Brilliant.

I've got cancer

Complications with chemotherapy

To add information from a binary variable {\displaystyle s} s, we can use coding function {\displaystyle x'=C(x,s)=2x+s} {\displaystyle x'=C(x,s)=2x+s}, which shifts all bits one position up, and place the new bit in the least significant position. Now decoding function {\displaystyle D(x')=(\lfloor x'/2\rfloor ,\mathrm {mod} (x',2))} {\displaystyle D(x')=(\lfloor x'/2\rfloor ,\mathrm {mod} (x',2))} allows one to retrieve the previous {\displaystyle x} x and this added bit: {\displaystyle D(C(x,s))=(x,s),\ C(D(x'))=x'} {\displaystyle D(C(x,s))=(x,s),\ C(D(x'))=x'}. We can start with {\displaystyle x=1} x=1 initial state, then use the {\displaystyle C} C function on the successive bits of a finite bit sequence to obtain a final {\displaystyle x} x number storing this entire sequence

And there's your answer

I'm not sure how good increasing unemployment by millions of people is in anyway good for them.

it could happen to a nicer guy

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Holy fuck ,you removed the , "I have cancer" remark?

The, "I'm in chemo remark"?

You really are a lil tinplated triggered control freak,aren't you mod?

Are you serious?

Is this place this seriously censored?

WHY?

Bumping because I appreciate your irritation about this. Gonna go bump your other thread too. Unacceptable mod behavior.

...

You do that, Andrew.

NO, instead you should force the banks to stop monpolizing the land. The (((banks))) are buying it cheap and then selling it at millions of dollars that no one but the giga kike money printers can afford. Combine that with falling wages and no one can afford to even grow their own food. Why you ask? Because they can't buy land which the kikes/banks monopolize to artificially increase the price even though there is so much unused, bank owned, monopolized, and useful land that people could grow their own food on and start buisnesses with the excess productivity from having food reserves.

Why should I be dependent on someone who prints labour value from thin air and makes my labour worthless? Why can't I depend on myself for everything like growing food or potting water? Is it perhaps because (((they))) just want everyone (((they))) don't like to die?

Flexin' my big mod muscles nigga! Pathetic.

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COMING SOON TO A THREAD NEAR YOU:

the historic 2018 Manila Pig Summit

There is never a trickle down unless it's enforced and facilitated by an outside force, like the government. It's counter direction to the natural flow of money in the profit oriented capitalist system, which is always going upwards, not downwards.

This and politicians, every last one on earth are either too cowardly, in bed with the corps, or surrounded on all sides by the other two. There is no way to force better pay from the top of corps because of this, at least not without socialists, nat and otherwise to set aside differences and start killing the rich. But they wont becuase they too have been pacified and made to attack those they could be uneasy allies with rather than their true foe.

oh my god. are you STILL talking about the original topic of this thread ?……

wtf is wrong with you?

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wtf I love Drumpf now

>wants the us government to (((manage our economy)))

you clearly havent learned how to be multicultural yet. i hope someone enriches you soon

well duh!

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thanks for telling me what I already know, asshole
big difference between focusing on the obvious instead of "MUNJ DRAAUUHMGMPFF"

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'The Cat Who Came For Christmas' by author Cleveland Amory.

Don't let the cover fool you.
This is an amazing read. Cleveland Amory had never given any thought to animals or heard of the term 'animal rights' before, but one day he was about to walk out of NYC brownstone, and when he opened his front door there was a cat standing outside waiting for him.

Without any hesitation, the cat marched into Cleveland apartment, and threw himself down on the sofa and 'made himself at home'.

Cleveland was amazed at the audacity of this cat, who acted so naturally, as if he had been there forever. The cat never left…

He became such a valuable important part of Cleveland Amory life, and the author actually changed his life, carefully studying and examining the cat's behavior and opening his eyes to a world he had never even given any thought to before….

Animal rights……

Cleveland Amory went on to write more books about the cat, and he became very involved in the animal rights movement, a regular on TV talk shows like Johnny Carson, and travel the world to try to help raise public awareness about animal rights issues, like with elephants for example…

And it all started with this cat who walked in the door and made himself at home.

The book is really really good.

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Oops my bad. A friend of his led him to the cat

Uh oh, my bad. He was already interested in animals

…….shit

The cat didn't jump on his sofa.

Okay, Okay, I never read the book…

But you should
And tell me what happens in the story when you're done