Go back
tax cuts equal raises...

tax cuts equal raises...

Debates

Mott The Hoople

Joined
05 Nov 06
Moves
147487
Clock
04 Jun 18

http://www.informationliberation.com/?id=58503

HandyAndy
Read a book!

Joined
23 Sep 06
Moves
18677
Clock
04 Jun 18

Originally posted by @mott-the-hoople
http://www.informationliberation.com/?id=58503
My hand says this is a garbage source popular among conservatard mouth-breathers.

wolfgang59
Quiz Master

RHP Arms

Joined
09 Jun 07
Moves
48794
Clock
04 Jun 18
1 edit

Originally posted by @mott-the-hoople
http://www.informationliberation.com/?id=58503
Unemployment rates have been declining since 2010 and a natural result
of low unemployment is employers chasing employees. Of course wages
will go up as they try to keep staff. The mystery is why - with the tax breaks,
wages are not accelerating faster.

https://data.bls.gov/pdq/SurveyOutputServlet?request_action=wh&graph_name=LN_cpsbref3

no1marauder
Naturally Right

Somewhere Else

Joined
22 Jun 04
Moves
42677
Clock
04 Jun 18

Originally posted by @mott-the-hoople
http://www.informationliberation.com/?id=58503
From the Seattle Times article mentioned in your cite:

About 90 percent of Costco’s employees are paid hourly, and earn $22.50 an hour, on average,

https://www.seattletimes.com/business/retail/costco-employees-anticipate-benefits-news-with-quarterly-earnings-thursday/

So in a tight labor market Costco is increasing wages 1-2 per cent for its average worker. Of course, it likes the tax cut, so it's going to say that this small increase in wages is due to it, but it seems highly likely that economic conditions would have mandated some sort of pay raise irregardless of the tax cut.

Even at that, these wage increases will cost the company about $110-120 million a year while they are estimating tax savings at $300 million a year.

Cookies help us deliver our Services. By using our Services or clicking I agree, you agree to our use of cookies. Learn More.