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Reply to "Minimum wage rises, employment holds steady..."
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[quote=Anonymous][quote=Anonymous]At some point the question becomes whether corporations and employers are responsible for the well being of their employees. How much profit is enough when it comes at the expense of society? We are continually told that "job creators" need subsidies and tax breaks and concessions for the betterment of our general economy. Corporations are given BILLIONS in concessions and then, when asked to spare some of this largess for their employees at the bottom, they scrimp and cut hours, benefits, and other basics. You can say, oh, but the free market! But the free market shouldn't include subsidies and tax breaks, then. At what point are corporations socially responsible and required to preserve hours and pay well - even if it means a slight hit to the bottom line (but still being profitable). That's the shame about Walmart. They screw their employees, they screw their suppliers, and all so they can be even richer than they already are. [/quote] Democrat Subsidy for Cheap Foreign Labor - F1/OPT The hidden subsidy relates to the fact that OPT defines the alumni as students (with F-1 visas) and as such they are not covered by payroll taxes. This means that an accounting firm that paid an OPT worker at $80,000 a year for three years would save $18,360 over the three years if it hired an alien as opposed to an American or legal permanent resident at the same basic pay rate. [b]With both the employer and the worker saving $18,360 each over the three years, this means a combined loss to the Social Security and Medicare Trust funds of $36,720 in that time period[/b]. This is a subject never mentioned by employers. http://cis.org/north/accounting-firms-want-join-subsidy-program-cheap-foreign-workers[/quote]
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