Quote:
Originally Posted by Robbie
GM, what if you are wrong and it simply causes companies to hire LESS employees at the starter level?
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There is only one reason a company ever hires (and it's already the LAST thing they do after squeezing as much as they can out of their current workforce) - and that is to meet demand. If there is sufficient demand for a product, the company will hire to meet that demand (otherwise the company loses money in lost sales). The money to pay the increased wage
doesn't come out of the pockets of the
customers, it comes out of the
profits of the
company. That is because if the company could get away with raising the price of their goods or services
after a minimum wage hike, there is absolutely no reason why they wouldn't do it
before the minimum wage hike - and thereby make more money (which is the goal of every company, right)?
Quote:
Originally Posted by Robbie
Why would you or I hire a teenager for their first job of unskilled labor at $9 an hour???
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Not everyone who works for minimum wage is a teenager. And $9/hr is miserable pay. And nearly all that money will go back into the economy, unlike the offshore tax havens the money of the wealthy often end up in. And a rising tide lifts all boats, and it's about fucking time - the poor are getting poorer, and the middle class is shrinking. Meanwhile...
The rich get richer as kids face poverty
http://www.marketwatch.com/story/the...rty-2012-09-12
Quote:
Originally Posted by Robbie
Don't you think we should be CREATING job opportunity? Why isn't our govt. focused on THAT?
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Because they're too busy sabotaging the recovery.
Quote:
The bill was called the, "Bring Jobs Home Act." It would have provided a 20% tax break for the costs of moving jobs back to the U.S. It removes tax deductions for the business expenses of jobs moving overseas. Simple enough.
Stop incentivizing jobs leaving the U.S. Start incentivizing jobs returning to the U.S. Fund it within the bill by taking away deductions for companies shipping jobs overeas. This way, it doesn't add to the deficit.
The president can never directly bring the jobs back. However, he and Congress can create the conditions through policy that create job magnetism.
This is the most common sense solution on the planet to create the conditions to draw jobs home.
Americans now realize that Republicans just voted to protect companies that outsource jobs. Maybe, citizens won't want Republican leadership in Congress anymore given how they have used their time.
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http://www.policymic.com/articles/11...merican-public
