Page 9 of 9 FirstFirst ... 789
Results 81 to 87 of 87
Thanks Tree32Thanks

Thread: Tax law may send factories and jobs abroad

  1. #81
    Veteran Member TNVolunteer73's Avatar
    Joined
    Nov 2014
    Posts
    32,300
    Thanks
    8285

    From
    TN
    This is why corporations are rewarding employees with Full time Jobs (U6 shows that part time jobs are becoming full time jobs)

    Corporations are rewarding employees with Raises

    Corporations are rewarding employees with bonuses

    Corporations are rewarding consumers with lower prices.

  2. #82
    New Member
    Joined
    Jul 2009
    Posts
    500
    Thanks
    59

    Quote Originally Posted by HayJenn View Post
    HayJenn, regarding your provided link,
    https://www.theatlantic.com/business...erseas/547916/
    How the Tax Plan Will Send Jobs Overseas
    Companies are going to be able to save a ton of money by locating factories abroad.
    John Minchillo / AP, Gene B. Sperling, Dec 8, 2017:

    I too am concerned about taxing corporations' foreign earnings at a lesser tax rate. It's a strong inducement for investing into and importing from foreign producing enterprises to the net detriment of USA's GDP and numbers of jobs.
    If the USA adopted the trade policy described within Wikipedia's “Import Certificates” article, I'd have no objection to the lesser rate of corporate taxes. The Import Certificate policy would increase our GDP and numbers of jobs more than otherwise.
    Annual trade deficits are always net detrimental to their nations' GDPs and numbers of jobs.

    Respectfully, Supposn
    Thanks from HayJenn and Jacquelope

  3. #83
    Junior Member
    Joined
    Dec 2011
    Posts
    1,759
    Thanks
    646

    Quote Originally Posted by Southern Dad View Post
    Yes, that is a good theory EXCEPT that the employers giving the raises and bonuses are specifically crediting the Tax Reform law as the reason.
    Except in many cases those raises and bonuses were in the works BEFORE the tax law. This is, in any case, all a publicity stunt. They'll claw all that back as they always do.
    Thanks from Blueneck

  4. #84
    Shut up and vote Addiction Solitaire Champion, Double Deuce Champion, Queen Jewels Champion, Ray Ray Shuffle Champion, Twins Champion, Blow Up: Arcade Champion, Bunch - Time Trial Champion, Znax Champion, Zoo Keeper Champion, Sobics School Champion, Swap a Smiley Champion, Makos Champion, Dino Drop Champion, Flower Frenzy Champion, Some Puzzle Champion, Funny Bubbles Champion, CubeZ Champion, Dinky Smash Champion, Fun Fun Animals Champion, Fruit Fabriek Champion, Raft Wars Champion, Rainbow Monkey RunDown Champion, Raft Wars Champion, Crime Puzzle Champion Blueneck's Avatar
    Joined
    Jun 2007
    Posts
    49,647
    Thanks
    27718

    From
    Ohio
    Quote Originally Posted by Jacquelope View Post
    Except in many cases those raises and bonuses were in the works BEFORE the tax law. This is, in any case, all a publicity stunt. They'll claw all that back as they always do.
    And most, if not all got one or the other, not both. So you get $1000 bonus, but not a wage increase of $100 a month, which would be $1200 a year. Or you get 50˘ a hour, which is $80 a month.

  5. #85
    Veteran Member Southern Dad's Avatar
    Joined
    Feb 2015
    Posts
    37,671
    Thanks
    7728

    From
    Shady Dale, Georgia
    Quote Originally Posted by Jacquelope View Post
    Except in many cases those raises and bonuses were in the works BEFORE the tax law. This is, in any case, all a publicity stunt. They'll claw all that back as they always do.
    You call it what you want, but the companies giving the wage increases and bonuses clearly stated that it was because of the tax reform law. But I'm sure that you know better than the companies do.

  6. #86
    Veteran Member
    Joined
    Sep 2013
    Posts
    35,146
    Thanks
    27863

    From
    On a hill
    Quote Originally Posted by Southern Dad View Post
    Yes, that is a good theory EXCEPT that the employers giving the raises and bonuses are specifically crediting the Tax Reform law as the reason.
    And why not?

    Come on baby - it'll be good for you too.

  7. #87
    Veteran Member
    Joined
    Sep 2013
    Posts
    35,146
    Thanks
    27863

    From
    On a hill
    Quote Originally Posted by Southern Dad View Post
    You call it what you want, but the companies giving the wage increases and bonuses clearly stated that it was because of the tax reform law. But I'm sure that you know better than the companies do.
    It isnt a matter of knowing better as much as it is yielding to a business necessity, and image management.

    I wrote about this on Friday over at Reason, arguing that the impressive number of companies’ announcements, are great for the several million Americans who will receive bonuses, pay raises and higher 401k contributions from their employers, but don’t quite fit with the standard economic theory of why and how reductions in corporate taxes trigger higher wages over time.

    snip

    With the unemployment rate low and unfilled job openings high, losing workers to a competitor can be more costly than handing out bonuses. Indeed, the concentration of tax-cut bonuses and raises in certain industries suggests one reason companies handed them out was that they didn’t want their employees to view them as stingier than competitors. Several airlines and dozens of banks got on the bandwagon.

    So the real news in the flurry of bonuses and raises might be that the job market has tightened to the point where wage growth, which has long been stagnant, is beginning to pick up. As that occurs, more companies will need to hand over more money to employees. The tax cut will make it easier, but they will still have to pay.


    Second:

    In terms of costs, though, wage pressures may be more substantial than bonuses in the long run. They aren’t so much a product of tax reform as a necessity of an increasingly tight market for unskilled labor. Despite a supposed retail apocalypse, demand for retail workers is high. As of November 2017, there were 711,000 such job openings—the highest number since the data was first collected in 2000, according to the National Retail Federation.

    “We’ve been waiting for a wage increase as the unemployment rate has come down,” says Jack Kleinhenz, chief economist of the National Retail Federation. “It’s probably just starting to percolate up.”

    A tight labor market is good news for employees because companies have to compete to retain them and are willing to jack up wages to do so. Both articles acknowledge that the tax cuts make the cost of bonuses and pay raises easier to digest, so the tax reforms and a year’s anticipation for such changes have played some role in this. The timing, however, was a brilliant move from the companies who are always taking a beating for being greedy and never sharing their benefits with employees.

    https://www.nationalreview.com/corne...s-and-bonuses/
    But you fell for that hook, line, and sinker.

Page 9 of 9 FirstFirst ... 789

Similar Threads

  1. Russian Troll factories....
    By KnotaFrayed in forum Current Events
    Replies: 12
    Last Post: 20th October 2017, 02:25 AM
  2. Jobs! Jobs! Jobs! Tuesday Tweet from the POTUS
    By Southern Dad in forum Current Events
    Replies: 113
    Last Post: 30th March 2017, 02:29 PM
  3. Workers barricade bosses in factories with tires
    By bajisima in forum Economics
    Replies: 16
    Last Post: 9th January 2014, 04:42 AM
  4. Replies: 4
    Last Post: 27th November 2008, 03:52 PM

Tags for this Thread


Facebook Twitter RSS Feed