2016 Postmortem
In reply to the discussion: Does anyone know how much Senator Sanders pays his campaign workers. [View all]Sancho
(9,070 posts)I think we've all seen this. I'm sure some people would criticize ANY plan, but I like the idea of companies getting tax relief in exchange for profit sharing. It's a good idea. It's not a simple rant to "raise the minimum wage", but actually empowers employees and ties wages to their productivity. You'd think that all progressives would support a plan like this. Creative thinking is what we need, not the same old rhetoric and battles that leave us in a stalemate with Congress over the minimum wage. Good job Hilliary!
http://www.weeklystandard.com/blogs/hillary-unveils-profit-sharing-tax-plan_992005.html
Hillary Clinton has unveiled a "profit sharing" tax plan. The details of the plan have been published on her website.
https://www.bostonglobe.com/opinion/2015/07/27/hillary-clinton-rewarding-america-workers/KHHgDmkMOYYPnHPHmQw5nJ/story.html
Profit sharing is a win-win
IMAGINE HUNDREDS OF employees walking off the job not to protest against their boss, but to save his job. Thats not something you see every day yet its exactly what workers at Market Basket supermarkets across New England did last year for Arthur T. Demoulas. What explains this unusual loyalty?
Market Basket is one of a growing number of companies that are prospering by viewing workers as assets to be developed rather than costs to be cut. Research out of MIT has shown that well-paid and well-trained employees tend to work more efficiently, stay on the job longer, and provide better customer service. So investing in employees is not just the right thing to do its smart economics.
At Market Basket, the centerpiece of this approach has been a generous profit-sharing program that gives all employees a stake in the companys success and puts much-needed extra money in their pockets as well. At a time when paychecks have barely budged in real terms for most Americans, a boost from profit sharing can make a real difference for families dealing with rising costs of everything from prescription drugs to childcare. And, as we saw when Demoulas was temporarily ousted as Market Basket CEO, profit sharing can build real loyalty as well.
http://thehill.com/blogs/ballot-box/presidential-races/247665-hillary-touts-profit-sharing-in-economic-plan
Veering left, Hillary Clinton puts profit-sharing in economic plan
Hillary Clinton on Monday called wage inequality the defining economic challenge of our time as she unveiled a wide-reaching economic platform that veers toward the liberal policies championed by her main rival, Sen. Bernie Sanders (I-Vt.).
As the shadow of crisis recedes and longer-term challenges come into focus, I believe we have to build a growth and fairness economy, Clinton said at The New School in New York City.
You cant have one without the other. We cant create enough jobs and new businesses without more growth.
Clinton's 40-minute speech provided the clearest look yet at the economic proposals she aims to champion while running for the White House.