WolfpackN64 said:
sabvre42 said:
Explain to me how a service driven economy like the US -- which really is already at market cap (aka cannot steal more market from the RotW) can support more educated workers?
I said underemployment... not unemployment. Unlike in the US, people will take whatever job they can to actually get income.
You claim you took economics but you don't understand payroll costs?
If a burger flipper makes $15 an hour and gets paid for exactly 2080 hours a year (2 weeks vacation) they get $31,500 in salary, ~ 33,696 after SS and Medicare matches. If by chance they give a 4% match - we are up to $34,956. I'd also mention the $8000 a year in healthcare, but you've already proven you want that to be free for them... and come from my taxes; so we'll just throw in an additional $1000 in benefits and round up to $36,000.
At my McDonalds, a value meal costs about $6.50. This means that revenue wise that restaurant needs to sell 5,539 burgers to afford just this one worker. This however, excludes factors such: as corporate tax; property tax; rent/repairs/building costs; electricity; distribution costs; marketing costs; corporate costs; cleaning supplies; and most importantly actual cost to produce the burger. Lets imagine that all that adds up to 50% of the cost of the meal (my guess is that its closer to 80%..). That ONE restaurant now needs to sell 11,078 value meals in order to afford to pay ONE employee.
Best part of this is... they would STILL get government assistance in addition to upwards of $7000-9000 in refundable credits (the EIC, child credit, day care credit, etc)... cause AGI.
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You do know these company executives earn a ton of money right?
If "profits" aren't up to satisfaction, how about you cut their multi-milion dollar wage instead?
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Always the liberal scapegoat. Because the CEO's wage could make SUCH a huge difference for the rest of the company.
McDonalds has > 1.7M employees, and their CEO makes $1.7Million a year. Cutting him to a NO salary would raise the wage of every other employee in the company by less than $1 per YEAR.
Walmart has 2.2Million employees world wide, and their CEO made $25.6 Million last year. Eliminating his salary would raise the wage of every other employee by $11.63 per year / 0.5 cents an hour.
Get your facts straight.
