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Tax cuts leading to bonuses, not pay raises


TheBlockIsHot

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https://www.yahoo.com/finance/news/less-meets-eye-bonuses-not-175359827.html

Great article that dispels the garbage that @concha is spewing, claiming that people are getting raises, which is simply not true. 

"Such announcements , coming from dozens of companies, have followed the passage of the Republican tax plan that President Donald Trump signed into law last month. The plan slashed the corporate tax rate from 35 percent to 21 percent. The companies say the bonuses they've announced are a way to share some of their bounty with their workers.

The bonuses are one-time payouts, not the permanent pay raises that Trump and congressional Republicans have said will eventually result from the corporate tax cuts. Over time, bonuses are far less valuable to employees than wage increases.

So far, most companies haven't said whether any permanent pay increases are in the works. Economists caution that the corporate income tax cut's effect on average pay, if any, might not become apparent for several years.

"As a worker, it's great to get a one-off bonus, but that doesn't guarantee anything for the next year," said Stephen Stanley, chief economist at Amherst Pierpont. "You'd rather have the raise, because next year you're working off the higher base."

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1 minute ago, TheBlockIsHot said:

https://www.yahoo.com/finance/news/less-meets-eye-bonuses-not-175359827.html

Great article that dispels the garbage that @concha is spewing, claiming that people are getting raises, which is simply not true. 

"Such announcements , coming from dozens of companies, have followed the passage of the Republican tax plan that President Donald Trump signed into law last month. The plan slashed the corporate tax rate from 35 percent to 21 percent. The companies say the bonuses they've announced are a way to share some of their bounty with their workers.

The bonuses are one-time payouts, not the permanent pay raises that Trump and congressional Republicans have said will eventually result from the corporate tax cuts. Over time, bonuses are far less valuable to employees than wage increases.

So far, most companies haven't said whether any permanent pay increases are in the works. Economists caution that the corporate income tax cut's effect on average pay, if any, might not become apparent for several years.

"As a worker, it's great to get a one-off bonus, but that doesn't guarantee anything for the next year," said Stephen Stanley, chief economist at Amherst Pierpont. "You'd rather have the raise, because next year you're working off the higher base."

Concha as well as myself have shown numerous companies giving pay raises not just bonuses

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8 minutes ago, HSFBfan said:

Concha as well as myself have shown numerous companies giving pay raises not just bonuses

 

We are not dealing with honest people.  Block/Folsom is an ignorant and worthless troll. I'd say intellectually dishonest also, but there is nothing intellectual about him.

I have provided a link to a site tracking the bonuses, pay increases, benefits/retirement increases, new hiring, investments.  There are many companies offering pay increases and more being added...

 

From CNBC just today...

Walmart's workers will soon reap the benefits of the recent tax law changes, as the world's largest private employer raises its starting wage, creates new benefits and distributes bonuses to eligible workers.

The big-box retailer announced Thursday it will increase its starting wage rate for hourly employees in the U.S. to $11, and expand maternity and parental leave benefits. 

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3 minutes ago, concha said:

 

We are not dealing with honest people.  Bloc//Folsom is an ignorant and worthless troll. I'd say intellectually dishonest also, but there is nothing intellectual about him.

I have provided a link to a site tracking the bonuses, pay increases, benefits/retirement increases, new hiring, investments.  There are many companies offering pay increases and more being added...

 

From CNBC just today...

Walmart's workers will soon reap the benefits of the recent tax law changes, as the world's largest private employer raises its starting wage, creates new benefits and distributes bonuses to eligible workers.

The big-box retailer announced Thursday it will increase its starting wage rate for hourly employees in the U.S. to $11, and expand maternity and parental leave benefits. 

Yep i saw the link. There are a significant amount of people benefiting from this new law

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6 minutes ago, concha said:

 

We are not dealing with honest people.  Block/Folsom is an ignorant and worthless troll. I'd say intellectually dishonest also, but there is nothing intellectual about him.

I have provided a link to a site tracking the bonuses, pay increases, benefits/retirement increases, new hiring, investments.  There are many companies offering pay increases and more being added...

 

From CNBC just today...

Walmart's workers will soon reap the benefits of the recent tax law changes, as the world's largest private employer raises its starting wage, creates new benefits and distributes bonuses to eligible workers.

The big-box retailer announced Thursday it will increase its starting wage rate for hourly employees in the U.S. to $11, and expand maternity and parental leave benefits. 

Wal Mart announced raising this waise over a year ago, before any tax law went into effect. Wal Mart has been under HUGE fire for their pay and treatment of workers. Look up how many Wal Mart employees are on government assistance. 

Just stop it. Wal Mart is one of the most profitable companies in the world. They're pay is so dismal that is costs OUR economy, 6.2 billion a year just to support the average Wal Mart worker. 

https://www.forbes.com/sites/clareoconnor/2014/04/15/report-walmart-workers-cost-taxpayers-6-2-billion-in-public-assistance/#3a9016f3720b

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https://www.bloomberg.com/news/articles/2018-01-11/wal-mart-raises-u-s-hourly-wage-to-11-in-wake-of-tax-overhaul

Wal-Mart Stores Inc. is boosting its starting hourly wage to $11 and delivering bonuses to employees, capitalizing on the U.S. tax overhaul to stay competitive in a tightening labor market.

The increase takes effect next month and will cost $300 million on top of annual wage hikes that were already planned, the world’s largest retailer said Thursday. The one-time bonus of up to $1,000 is based on seniority and will amount to an additional $400 million. The company is also expanding its maternity and parental leave policy and adding an adoption benefit.
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22 minutes ago, concha said:

https://www.bloomberg.com/news/articles/2018-01-11/wal-mart-raises-u-s-hourly-wage-to-11-in-wake-of-tax-overhaul

Wal-Mart Stores Inc. is boosting its starting hourly wage to $11 and delivering bonuses to employees, capitalizing on the U.S. tax overhaul to stay competitive in a tightening labor market.

The increase takes effect next month and will cost $300 million on top of annual wage hikes that were already planned, the world’s largest retailer said Thursday. The one-time bonus of up to $1,000 is based on seniority and will amount to an additional $400 million. The company is also expanding its maternity and parental leave policy and adding an adoption benefit.

You didn't address my points. You only regurgitated the same fake news. 

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On ‎1‎/‎11‎/‎2018 at 12:09 PM, TheBlockIsHot said:

https://www.yahoo.com/finance/news/less-meets-eye-bonuses-not-175359827.html

Great article that dispels the garbage that @concha is spewing, claiming that people are getting raises, which is simply not true. 

"Such announcements , coming from dozens of companies, have followed the passage of the Republican tax plan that President Donald Trump signed into law last month. The plan slashed the corporate tax rate from 35 percent to 21 percent. The companies say the bonuses they've announced are a way to share some of their bounty with their workers.

The bonuses are one-time payouts, not the permanent pay raises that Trump and congressional Republicans have said will eventually result from the corporate tax cuts. Over time, bonuses are far less valuable to employees than wage increases.

So far, most companies haven't said whether any permanent pay increases are in the works. Economists caution that the corporate income tax cut's effect on average pay, if any, might not become apparent for several years.

"As a worker, it's great to get a one-off bonus, but that doesn't guarantee anything for the next year," said Stephen Stanley, chief economist at Amherst Pierpont. "You'd rather have the raise, because next year you're working off the higher base."

At least ten major companies are doing BOTH! GEEEZ people, give it time! How many bonuses or raises did you see under Obana? I only remember a gubment stimulus, that helped increase the existing national debt by TEN TRILLION DOLLARS! And under Barry, I got LAID OFF by one of the largest train companies in the WORLD, CSX!

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On 1/11/2018 at 12:32 PM, concha said:

https://www.bloomberg.com/news/articles/2018-01-11/wal-mart-raises-u-s-hourly-wage-to-11-in-wake-of-tax-overhaul

Wal-Mart Stores Inc. is boosting its starting hourly wage to $11 and delivering bonuses to employees, capitalizing on the U.S. tax overhaul to stay competitive in a tightening labor market.

The increase takes effect next month and will cost $300 million on top of annual wage hikes that were already planned, the world’s largest retailer said Thursday. The one-time bonus of up to $1,000 is based on seniority and will amount to an additional $400 million. The company is also expanding its maternity and parental leave policy and adding an adoption benefit.

how can you tout the new age sweat shop as a shinning star?

get back to me when their employees no long qualify for food stamps

thanks

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On ‎1‎/‎11‎/‎2018 at 12:09 PM, TheBlockIsHot said:

https://www.yahoo.com/finance/news/less-meets-eye-bonuses-not-175359827.html

Great article that dispels the garbage that @concha is spewing, claiming that people are getting raises, which is simply not true. 

"Such announcements , coming from dozens of companies, have followed the passage of the Republican tax plan that President Donald Trump signed into law last month. The plan slashed the corporate tax rate from 35 percent to 21 percent. The companies say the bonuses they've announced are a way to share some of their bounty with their workers.

The bonuses are one-time payouts, not the permanent pay raises that Trump and congressional Republicans have said will eventually result from the corporate tax cuts. Over time, bonuses are far less valuable to employees than wage increases.

So far, most companies haven't said whether any permanent pay increases are in the works. Economists caution that the corporate income tax cut's effect on average pay, if any, might not become apparent for several years.

"As a worker, it's great to get a one-off bonus, but that doesn't guarantee anything for the next year," said Stephen Stanley, chief economist at Amherst Pierpont. "You'd rather have the raise, because next year you're working off the higher base."

NOT according to employees at WALMART!

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