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HooptieWagon

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131. Sounds like lower wages + tips.

Reply to riversedge (Original post)

Mon Jul 13, 2015, 04:47 PM

Jul 2015

I'll bet Hillary is a poor tipper.

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Hillary Clinton Will Pledge Profit-Sharing Incentives to Boost Wages [View all] riversedge Jul 2015 OP

Good idea. n/t Wilms Jul 2015 #1

Profit sharing is usually an incentive in lieu of wage increases and are offered when productivity Snotcicles Jul 2015 #33

Precisely. This is more trickery from Hillary (nice try) that will only drive down wages per hours worked. InAbLuEsTaTe Jul 2015 #62

I wondered about unintended consequences... Wilms Jul 2015 #63

And profits can be easily finagled by executive bonuses, payouts, stock transactions, etc. erronis Jul 2015 #77

Correct. They_Live Jul 2015 #113

If she were smart, she would be proposing "pension protection guarantees" and Snotcicles Jul 2015 #82

Profit sharing in a company builds a team effort to motivate employees not only for the companies still_one Jul 2015 #85

I have seen contracts where during times when things were tough Snotcicles Jul 2015 #93

OK, junkies... after 'expenses' and 'personal use,' be sure to share the remainder of your stash... dogknob Jul 2015 #118

It's an excuse to keep wages low Warpy Jul 2015 #130

If they really want their employees to have a stake in the company than change to employee owned. nt Snotcicles Jul 2015 #133

Wages are a business expense. Delmette Jul 2015 #141

Yes, which is why they've shipped the good jobs overseas Warpy Jul 2015 #144

You're right. Delmette Jul 2015 #146

Depends on how she proposes to "encourage" businesses to go along. My guess is that rhett o rick Jul 2015 #136

In other words, she thinks we should boost productivity, too. malthaussen Jul 2015 #2

More palatable for her rich donors? Tea Potty Jul 2015 #4

Nothing wrong with riversedge Jul 2015 #7

Plenty wrong with increasing productivity. malthaussen Jul 2015 #8

+1 daleanime Jul 2015 #31

Does she stand for workers being treated with dignity and liveable wages? BeanMusical Jul 2015 #60

When will we be compensated for the 75% jump in worker Kelvin Mace Jul 2015 #105

Wait.... Adrahil Jul 2015 #45

Depends on what this is - not enough detail yet to know. karynnj Jul 2015 #67

For sure we need details. Adrahil Jul 2015 #84

At my company JustAnotherGen Jul 2015 #79

Great ideas! Send this to Hillary! Adrahil Jul 2015 #83

I think I'll send it to O'Malley instead JustAnotherGen Jul 2015 #87

Hey, send it to whoever! :). nt Adrahil Jul 2015 #89

It SHOULD be a part of our platform JustAnotherGen Jul 2015 #94

Excellent idea! nt Adrahil Jul 2015 #97

How about just raising the minimum wage to $15. per Hour? PeoViejo Jul 2015 #3

Agreed. bvf Jul 2015 #10

She's recommending that too mcar Jul 2015 #23

Wrong Tea Potty Jul 2015 #152

She's supported raising it for years. NYC Liberal Jul 2015 #27

Then,consider what happened in Honduras PeoViejo Jul 2015 #140

This is an "and" not an "or" Adrahil Jul 2015 #47

It will be interesting to see the details -- one form of this already exists as ESOP accounts karynnj Jul 2015 #5

Yes, "the devil is in the details". Will this just end up being a way for everyone to subsidize PoliticAverse Jul 2015 #20

ah, as I guess one could say is the case with ESOPs, where there was a tax incentive to do it, karynnj Jul 2015 #65

Let's make it retro active SamKnause Jul 2015 #6

Native Americans may want to go back 400 years! n/t cosmicone Jul 2015 #9

To "encourage" corporate profit-sharing? SmittynMo Jul 2015 #11

tax incentives OKNancy Jul 2015 #12

Reminds my of Tevye in 'Fiddler on the Roof': jonno99 Jul 2015 #32

If you were a corporation and could save $10 in taxes by paying an employee $1 extra... PoliticAverse Jul 2015 #21

What if you have 11 employees? Seriously, this needs real details before we can discuss it peacebird Jul 2015 #128

Exactly. n/t PoliticAverse Jul 2015 #129

Remember "Trickle Down?" KansDem Jul 2015 #41

Yes, but this is not "supply side fantasy" Adrahil Jul 2015 #49

The benefit is a return on investment... Lancero Jul 2015 #55

Many relatively smart people rock Jul 2015 #108

The DLC version of trickle-down economics (eom) mak3cats Jul 2015 #13

^^ THIS ^^ CharlotteVale Jul 2015 #74

B-I-N-G-O! - n/t mazzarro Jul 2015 #137

sounds to me- ruffburr Jul 2015 #14

While technically this might be LBN, it's not news. leveymg Jul 2015 #15

It is another corporate tax break aintitfunny Jul 2015 #16

Kick & Recommended. William769 Jul 2015 #17

She sure is trying to sound progressive lately. DamnYankeeInHouston Jul 2015 #18

She wants us all to be little capitalists. Beauregard Jul 2015 #19

As a Bernie supporter I'll wait to pass judgement 'till I hear some details groundloop Jul 2015 #22

LOL!! My company has profit sharing and it means very little. Dawgs Jul 2015 #24

Doesn't walmart donnasgirl Jul 2015 #25

Do what? Profit Sharing? Dawgs Jul 2015 #35

Yes. Lars39 Jul 2015 #39

The reason i asked donnasgirl Jul 2015 #52

It's been years since I worked there, but iirc, part-timers weren't allowed in the profit sharing Lars39 Jul 2015 #56

Thank you for that information, donnasgirl Jul 2015 #59

Hope it helps! :-) Lars39 Jul 2015 #61

NT ibewlu606 Jul 2015 #26

That link is a consulting company. It is not offering any rules. SunSeeker Jul 2015 #42

Last year our profit sharing check was bupkiss - and the rules were changed hedgehog Jul 2015 #53

You're making Hillary's point. Companies need incentives to share profits with employees. SunSeeker Jul 2015 #115

This year the incentive is that some key players will walk if it ever happens again. hedgehog Jul 2015 #142

Lol change in tax code aka CTBlueboy Jul 2015 #28

Tax cuts for corporations fbc Jul 2015 #34

Who else likes giving tax breaks? BrotherIvan Jul 2015 #149

So her priority is corporate profits then Man from Pickens Jul 2015 #29

Wow shenmue Jul 2015 #64

It's an inborn talent Man from Pickens Jul 2015 #68

No way no Earth this is going to work. We KNOW that. closeupready Jul 2015 #30

Sigh. Nice idea, won't help much. n/t Avalux Jul 2015 #36

Hillary Clinton, "I'll give all workers $1 million each" cosmicone Jul 2015 #37

Chuckle. But here is a riversedge Jul 2015 #38

I know, right? Oh the butthurt! SunSeeker Jul 2015 #46

Wow! She said that? frylock Jul 2015 #57

Irag war vote silenttigersong Jul 2015 #88

She DID NOT vote for the Iraq war cosmicone Jul 2015 #100

Listen she is your candidate silenttigersong Jul 2015 #111

Her silenttigersong Jul 2015 #114

She got it wrong, and she got Patriot Act wrong too. London Lover Man Jul 2015 #147

Opinions are dime a dozen cosmicone Jul 2015 #148

"Workers are getting raped by corporations. So I'm going to encourage corporations to help them." Proud Public Servant Jul 2015 #40

Ya! But Bernie will convince them to support his agenda, amiright? nt Adrahil Jul 2015 #51

LOL! n/t cosmicone Jul 2015 #72

"Hillary - Because Corporations Can't Be Defeated, Only Deferred To" Proud Public Servant Jul 2015 #73

I see you cleverly avoided the issue... Adrahil Jul 2015 #78

To my mind, teh great distinction between Proud Public Servant Jul 2015 #106

+1000% ! mazzarro Jul 2015 #138

Brilliant!! Dawgs Jul 2015 #150

Talk is cheap ... Bernie is playing people with talk cosmicone Jul 2015 #153

Sounds good to me. SunSeeker Jul 2015 #43

LOL-what about the big corporations that currently pay little or no taxes? jalan48 Jul 2015 #44

Yup. And no corporations have clever accountants Proud Public Servant Jul 2015 #50

The idea is akin to the trickle-down of the regan era mazzarro Jul 2015 #139

Some taxes credits are 'refundable'. Some corporations actually pay negative taxes... PoliticAverse Jul 2015 #70

Cool. So if we give them even more money they will give some of it back? jalan48 Jul 2015 #76

What about bringing back pensions? And protecting them from d_legendary1 Jul 2015 #48

Although I whole heartedly agree with you, SmittynMo Jul 2015 #66

The place I work for offers a pension along with a 401 (k) d_legendary1 Jul 2015 #109

Frosting silenttigersong Jul 2015 #54

Ah! BeanMusical Jul 2015 #58

Many years ago, Thespian2 Jul 2015 #69

That's the rub here - workers will need to trust corporations closeupready Jul 2015 #96

So for every million the rich make off us... we get what an extra $0.35? Fearless Jul 2015 #71

We'd have to see the numbers, of course... Adrahil Jul 2015 #80

Late to the table, but welcome Android3.14 Jul 2015 #75

That would require another tax cut for business......and Bonhomme Richard Jul 2015 #81

Here's the thing.... Adrahil Jul 2015 #110

"Deficits don't matter" - Dick Chaney taught us that. n/t PoliticAverse Jul 2015 #116

Well.... I hope she's got something else! HenryWallace Jul 2015 #86

There is nothing wrong with profit sharing. As Rachel said several months ago, if Hillary had the still_one Jul 2015 #90

And if Hillary proposed more tax cuts for corporations so that profits would trickle down.. frylock Jul 2015 #91

Yes nothing wrong with it certainly, but the question is what are the "incentives" offered PoliticAverse Jul 2015 #99

That is a valid question. Not every corporation is evil. Employees at Costco and still_one Jul 2015 #102

so these "encouraging" tax incentives restorefreedom Jul 2015 #92

1. How do you determine profit? 2. Profit is not always related to worker effort. CanadaexPat Jul 2015 #95

Can interns benefit from profit sharing? L0oniX Jul 2015 #98

Probably not still_one Jul 2015 #104

Maybe she should pay her help so they can share the profit. L0oniX Jul 2015 #107

oh look CTBlueboy Jul 2015 #101

Bernie will reinstate it by convincing the republican congress right? RIGHT? n/t cosmicone Jul 2015 #112

So give up huh CTBlueboy Jul 2015 #117

I asked a simple question. cosmicone Jul 2015 #119

He more like Captain America if you ask me CTBlueboy Jul 2015 #121

I don't think Bernie is unrealistic -- his supporters are cosmicone Jul 2015 #123

May the best candidate win :) CTBlueboy Jul 2015 #124

Well THIS is the most Truth I've seen yet as to the reality of the banking system. misterhighwasted Jul 2015 #125

she doesn.t have to promise a magic wand restorefreedom Jul 2015 #135

Post #106 says it best Dawgs Jul 2015 #151

Who says we're not trying to change the House too? That's a strawman argument. arcane1 Jul 2015 #126

This message was self-deleted by its author 1000words Jul 2015 #103

She's got the right idea but to me this is a bit too weak hollowdweller Jul 2015 #120

Pay raises almost a sure thing this year douggg Jul 2015 #122

Details please. What percentage of profit is to be shared? Do we know the company that gets peacebird Jul 2015 #127

Sounds like lower wages + tips. HooptieWagon Jul 2015 #131

Consumerism and Inflation will be the result bucolic_frolic Jul 2015 #132

I think profit sharing is just an excuse bigwillq Jul 2015 #134

You want incentives to businesses? Tell them they get no tax breaks at all cstanleytech Jul 2015 #143

I prefer employee stock purchase programs madville Jul 2015 #145