OnePercenter
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- Apr 10, 2013
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View attachment 264072
A Heritage Foundation analysis from 2016 estimated that a $15 federal minimum wage would wipe out 7 million jobs. Hardest hit would be workers, businesses, and economies in areas with low costs of living. (like Mississippi where cost of living is 87% of USA standard.
Mississippi cost of living is 87.8% Mississippi Cost of Living
Liberal activists demand a “living wage,” but the truth is that only a tiny handful of hourly wage workers make the minimum wage or less (4 percent), according to the Employment Policies Institute. On the contrary, a whopping 44 percent of hourly workers currently earn at or below the proposed $15 minimum wage.
Now consider what the $15 minimum wage would do.
For a restaurant that employs 10 minimum wage workers, a $15 minimum wage hike would cost them about $170,000 per year. If the restaurant currently earns profit margins of 5 percent, it would have to increase sales by $3.5 million per year, or an extra $67,000 every week.
But that is not realistic. The likely scenario is that they’ll either have to cut working hours or fire some workers altogether. Either way, most people are worse off than before.
Lawmakers Are Pushing a $15 Minimum Wage. Here Are 3 Disastrous Consequences That Would Result.
Robotic waiters...
tRumps corporate tax cut lowered federal taxes paid by corporations by 50%. Why can't the businesses use the tax cuts by raising pay and/or benefits, I did?
A) Corporate taxes were NOT cut by 50%! Once again an exaggeration. Learn About Corporate Tax Rates and How to Calculate What You Owe
B) You asked a dumb question "Why can't the businesses use the tax cuts by raising pay and/or benefits"
Answer : They did you dummy!
List of companies that paid bonuses or boosted pay since tax bill passed
COMPANY BONUS NO. OF EMPLOYEES GETTING BONUS
List of companies that paid bonuses or boosted pay since tax bill passed
- AT&T $1,000 200,000
- Alaska Airlines $1,000 19,000
- American Airlines $1,000 130,000
- Bank of America $1,000 145,000
- BB&T $1,200 27,000
- Comcast $1,000 100,000
- Fifth Third Bank $1,000 13,500
- JetBlue $1,000 21,000
- Nationwide $1,000 29,000
- PNC Financial $1,000 47,500
- Sinclair Broadcast $1,000 9,000
- Southwest Airlines $1,000 55,000
- Travelers $1,000 14,000
- U.S. Bancorp $1,000 60,000
- Walmart up to $1,000 n/a
Finally YOU never paid any "employees" because you are too economically stupid to have any business much less people working for you!
You're ignorance shows you don't have any business!
Corporate tax liability WAS cut by 50%. The IRS collected 20% less and less is being distributed back to the States which means that your State is going to/has increased fee's and/or taxes.