Two Million People (and counting) Receiving Tax Reform Bonuses

You want great wages and benefits? You should hope not that your company is immensely profitable but rather that your company has a union and your company is profitable. The wages and benefits of people with unions are always higher than those wages and benefits of non-union jobs in the same industry. Your rhetoric is garbage. You want to raise the wages and benefits of the average American, stop the GOP from attacking the ability of unions to organize. It's that simple.

 

This thread is so stupid. Why bonuses,
which are temporary, and not raises?

I'm sure a one-time $1000 bonus will have a long-lasting impact for Americans.

 

I'll add, I would be impressed if these TWO MILLION Americans received permanent raises. Bonuses doesn't mean ****.

 

lots of companies gave raises and cited the tax plan as the cause. For example the US's biggest employer; Walmart.

https://www.cnbc.com/2018/01/11/wal...wage-give-employees-bonus-after-tax-bill.html

its a month's rent and more for many

 

If everyone is so excited about 1000 dollars for 2 million people, then why didn't the government increase the deficit by 1.5 trillion by giving all 250million adults a $6000 bonus instead? Wouldn't that just cut out the middle man?

 

do you not know what a tax cut is?

 

Is every adult getting a $6000 tax cut?

 

over the lifetime of the tax cut? most more and some less.

 

Really? Most?

The median household income is ~$60k. If we're talking households rather than individuals the stimulus could be $12000.

Most households will NOT see over $1000 average annual tax cut. They will see $600 or much less. And the velocity of that money will be much greater in the hands of the households making the least.

https://www.npr.org/2017/12/19/5717...h-of-gop-tax-cuts-will-go-to-the-middle-class

 

your article doesn't claim that. 1.6% savings is what your article claims for a household making $60K. That's $960 annually on median $60K income.

my 'most' statement is correct.

 

That's great news. Too bad they also laid off 1000 workers and closed 60+ Sam's Clubs costing 11,000 other jobs.

 

do you believe those jobs would exist today if the tax plan hadn't passed?

 

Probably not. Do you believe that companies like Walmart could use the massive amount of money they are saving with the tax cuts to do something to maintain those jobs?

 

Why would they keep open a store that's not turning a profit? They aren't a charity.

BTW 12 of those 60+ sams are turned into distribution centers. Is that what you mean by 'using the money to maintain the jobs'? Maybe that's what they used the money they saved for?

So if Walmart was gonna shut down these sams clubs no matter what, then why is it relevant to the pay raises?

 

So..Walmart increased their minimum pay $1.00/hour. If I remember what I read correctly, most of the bonuses will be at the $200 level based on seniority. Again, that's good news, Getting some money is better than none. But, for years we have heard how stingy Walmart was and now they are great corporate citizens for raising pay to less than what most people have said it should be regardless of the tax cut.

Think about that, people have been complaining about Walmart's massive profits and how their people have crummy benefits and lesser wages than they should and all of a sudden - "hey...look how great Walmart is" when they will be making even more profits.

 

$1 an hour. At 40 hours a week for 52 weeks, that's $2K a year. I realize most work less than that so $1,500 a year. That's 1 to 2 months rent for most walmart employees earning minimum wage i would think. Not a small thing.

AS for walmart taking so long, you realize their profits have been going way down? They are in big trouble. Probably gonna need all the capital they have to fight off amazon.

 

An anecdotal example doesn't prove the rule. You seem to struggle with that.

Union vs non-union wages
https://www.bls.gov/opub/mlr/2013/04/art2full.pdf



The fact is you said this

And it is garbage.

Just so YOU know, the surest way to increase wages and benefits is through collective bargaining and not through trickle down magic tax cuts. The reason that the middle class is faltering and real wages have been stagnant for decades is decidedly NOT because of the corporate tax rate.



Shame on you for spewing this line of nonsense.

 

This is a very strange thing to say.

First of all many companies are under pressure to increase wages and giving a $2K bonus is a lot better than $1/hr raise for a few reasons. First obviously that a salary increase it's a commitment to give more money every year where as a bonus can be a one time thing. 2nd - shareholders prefer it as permanent wage increases decreases stock value. Third- you don't have to worry about paying an overtime premium on the bonus. If someone works over 40 hours, that $1 raise is actually $1.50 which can add up quick. It's cheaper to give a bonus than to give the equivalent salary increase. Finally, employees feel a lot better at a $2k Bonus than a $1/hr increase in salary even though the $1/hr increase in salary will net you more money

On Walmart - the reason their profits are down is because they are trying to increase market share - i.e. cutting prices. They are also making a lot of online retailer acquisitions like Jet.com which is eating into their short-term profitability. In other words they are investing in their future growth.

While their profits are down - their sales are up. Yes - UP. So they aren't struggling but rather making a strategic decision.

They are not in big trouble. That's ridiculous. They are growing and expanding! You sound like you don't know anything about business right now - what's your source on saying they are in trouble? That's laughable.