General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsDon't multi-million-dollar CEO bonuses hurt the company as much as raising min wage?
For that matter, what decisions a company makes are any different from raising the minimum wage?
Every deal for supplies, every decision about marketing, it all hits the bottom line the same way as raising wages.
Why should employees have to pay the price for management's bad decisions that has rendered the company "unable" to pay a higher wage?
PeteSelman
(1,508 posts)Because of measures put in during the Clinton era's financial reform.
Egnever
(21,506 posts)PeteSelman
(1,508 posts)I don't think you can write off employee salaries. But I don't know for sure. The CEO crap I do know for sure.
Egnever
(21,506 posts)All direct labor expenses are tax deductible. Direct labor expenses include the salaries and commissions of managers and sales personnel. Direct labor also includes the hourly wages and overtime payments made to factory workers. You can write off money you contribute to pensions and annuities too, according to the Internal Revenue Service.
PeteSelman
(1,508 posts)Theoretically.
Thanks for the link.
Egnever
(21,506 posts)isnt really the tax structure though I think that could be improved. It is the model of profit before all else. I would argue the stock exchange is the biggest driver of of our income problems. When maximizing profit is your sole goal it is inevitable that labor suffers.
I have no idea how to change that model the only way I see to fix our problem is for labor to once again stand up and take matters into their own hands.
brentspeak
(18,290 posts)PeteSelman
(1,508 posts)Either on his Facebook page or on one of the talking head shows. Sorry that I cannot provide it offhand. I'm sure it's out there on the web somewhere though.
El_Johns
(1,805 posts)Which would suggest that they "hurt" the company. But apparently the companies don't think so. Which suggests that maybe something else is going on, but it's hard to say what.
Armstead
(47,803 posts)If you're in The Club you're worthy of respect and Big Bucks.
If you're outside of that small circle, you're just a jerk who is not worth worrying about.
Armstead
(47,803 posts)that normal employees are just schmucky ordinary humans, while the CEOs and other top brass are.,..
SUPERHUMAN!!!!!!!!!
fadedrose
(10,044 posts)who can do things legally that shouldn't be done at all.
reformist2
(9,841 posts)And the minimum wage is not enough. We need new solutions.