welfare vs wages

[Danzig]

are they supposed to sell their unwanted gifts to pay the au pair? or the dog walker?

nah, has to be the pool guy. by putting your food in smaller pieces, you'll eat less, so you can save money on meals. THAT'S for the au pair.

[bigrun]

5 companies paying Americans the least.

No surprise on 1 and 2..

Meanwhile, profits at many of the corporations that employ the most minimum-wage workers have risen. McDonald’s, Walmart and Target together employ several million Americans. While these companies’ profits have grown in recent years, most of their workers continue to earn low or minimum wages.

http://money.msn.com/investing/5-com...cans-the-least

[Danzig]

Originally Posted by bigrun

5 companies paying Americans the least.

No surprise on 1 and 2..



http://money.msn.com/investing/5-com...cans-the-least

see, they just can't afford to pay higher wages. higher profits obviously means they are unable to do more.

[Danzig]

and the best part....

'According to several groups, low- and minimum-wage workers are growing faster than any other group of earners.'


more college loan debt than ever. that extra education is paying off in spades.

http://peoplesworld.org/fast-food-gi...il-in-mctaxes/


http://billmoyers.com/2013/12/03/fas...es-on-ceo-pay/

Under the current tax code, corporations can deduct unlimited amounts of such “performance pay” from their federal income taxes. In other words, the more corporations pay their CEO, the lower their tax burden. Novak’s $94 million payout, for example, lowered YUM’s IRS bill by $33 million. Guess who makes up the difference?

Combined, these firms’ CEOs pocketed more than $183 million in fully deductible “performance pay” in 2011 and 2012, lowering their companies’ IRS bills by an estimated $64 million. To put that figure in perspective, it would be enough to cover the average cost of food stamps for 40,000 American families for a year. My new Institute for Policy Studies report calculates the cost to taxpayers of this “performance pay” loophole at all of the top six publicly held fast food chains — McDonald’s, Yum, Wendy’s, Burger King, Domino’s and Dunkin’ Brands


how absurd!

[dellinger63]

Originally Posted by bigrun

5 companies paying Americans the least.

No surprise on 1 and 2..

http://money.msn.com/investing/5-com...cans-the-least

As of 2012, an estimated 4.7% of hourly workers are paid at or below the federal minimum wage of $7.25 an hour.

I would think this would be great news when you consider 40% of jobs in the U.S. are salaried positions. That means the true percentage of American workers paid at or below minimum wage is 2.8%.

Imagine the bragging that would take place if say Obamacare was 97.2% successful?

[dellinger63]

Originally Posted by Danzig

Under the current tax code, corporations can deduct unlimited amounts of such “performance pay” from their federal income taxes. In other words, the more corporations pay their CEO, the lower their tax burden. Novak’s $94 million payout, for example, lowered YUM’s IRS bill by $33 million. Guess who makes up the difference?


how absurd!

You forgot to mention YUM brands paid $548 million in taxes in 2011 on $2.145 billion in earnings (26%).

And while YUM lowered its IRS bill I'm sure $94 million increased Mr. Novak's tax bill substantially. In fact by giving the $94 million to Novak it's a certainty more taxes were collected as opposed to if it were taxed at a corporate rate. Somewhere around $13 million (40% v. 26%)

You curiously missed that fact as well....

http://www.yum.com/investors/income_statement.asp

BTW How about figuring how many food stamp recipients would have benefited if the Obamacare website wasn't $600 million over budget and climbing.

[joeydb]

Originally Posted by dellinger63

I would think this would be great news when you consider 40% of jobs in the U.S. are salaried positions. That means the true percentage of American workers paid at or below minimum wage is 2.8%.

Imagine the bragging that would take place if say Obamacare was 97.2% successful?

Salaried and hourly workers are usually listed as opposites. I don't see how your calculation applies.

[dellinger63]

Originally Posted by joeydb

Salaried and hourly workers are usually listed as opposites. I don't see how your calculation applies.

It considers the work pool minimum wage workers are a part of. Thus reducing the percentage of minimum wage workers by 40% when compared to the entire US workforce and not just hourly workers.

The article posted, stated something like 4.7% of hourly wage earners are at or below minimum wage. It left out the 40% who are salaried. But I suspect that may have been on purpose.

[Rudeboyelvis]

CBO: Raising minimum wage to 10.10 could temporarily decrease poverty to 900,000 but also could cost 500,000 jobs.

I wonder what we paid for that.

About the last thing anyone needs is 500,000 less people paying taxes than there already are.



http://www.miamiherald.com/2014/02/1...would-cut.html

[Pants II]

I support raising the minimum wage to $15/hour. Why?

Because Americans get what they deserve...that's why.

The reality is this wouldn't be on anyone's radar if the corporations (who own the media) didn't want it.

Now the better question is why do they want it?

Robotics/automation being economically feasible compared to wages.

They don't particularly need humans nor do they want to employ them.

So once again, America...the joke is on you. Now grab your clown horn and honk like a good pleb.