Quote:
Originally Posted by Inso0
Empathy or a lack thereof has little to do with running a successful multi-national public corporation. Everyone has a job to do.
If a store isn't making any money, it won't continue to operate. Stop acting like this is some nefarious plot by evil capitalists who just thought it would be fun to **** with the lives of some retail workers. I guarantee you that the person who signed the pink slips took no joy in it.
You all have this cartoonish visions in your head of people like me or executives of large corporations. Bad **** happens to conservatives, too.
The whole thing came about because bonuses were supposed to be the start of a glorious rise for the American worker. If bonuses count as the positive, why doesn't people getting laid off count for the negative?
The answer is of course they both count. The bonuses came suspiciously around Christmas time, when bonuses normally come out, wage increases could be happening because the market is nearing full employment, and layoffs happen because all enterprises usually have some amount of churn. All of which have little to do with taxes
The truth is no one really knows the exact effects of the tax bill. Employees may get the 20% tax burden relief in higher wages, they may get none of it, they may get all of it. No one knows.
I suspect that employees will get scraps if anything at all and it'll all go to shareholders and management because employees have little to no leverage, and a larger percentage of corporate profits are coming from rents, but that's just my opinion.