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Re: SOTU Address:
Where was your concern over the last decade? When according to NBER productivity growth in the United States has rebounded sharply over the past decade. Hhmmm…what was the tax rate when it started its decade long climb? :2wave:
I am familiar with an operation such as yours .My son has a very successful Tool and Die shop. If you do any stampings to for BOEING Or GE, there’s a good chance you’re using one of his dies, or jig assemblies.
Where is your concern for people that work for minimum wage that have seen their buying power shrink… for example, minimum wage was $1.60 per hour in 1968, which translates to about $10.50 in today’s bucks. Are these people just a number on your bottom line? Have you bothered to check out any of these plating shops that hires from manpower? If you do/did you had better be conversant in Spanish.eace
Small businesses have also drawn the short end of that stick, people seem to think that all the minimum wage workers are employed at giant conglomerates that have more money than they know what to do with. That's just not true. Raising the min wage to $9 will do nothing but hurt the very people hiring low skilled workers.
I'll give you an example from my own situation. I run a metal stamping plant. My largest vendor is a plater, I make the parts they coat them. They employ low skilled (mostly temps) workers to hang my parts on a rack. Now they have a few long term people that are good at the job and they can make up to $10/hr. The majority are temps making min wage and for the most part aren't worth that. Now this company stands to see their labor costs go up dramatically, at which time I will undoubtedly see a price increase. Things being as they are I cannot eat those increased costs, I'm already cut to the bone. I will approach my customers with a price increase at which time they will laugh hysterically. The bottom line is I WILL lose work, not maybe, I WILL lose work, period. And so will the plater. So at the end of the day this will not only cost some of those min wage workers their job but will in all likelihood cost some one in my shop theirs. My lowest paid employee makes $14/hr.
What drives me crazier than anything else is that at the end of the day, those that support this increase will point to Mcds and say "see, everything worked out fine". Neither my employees nor the platers will ever even be acknowledged. I've been through this before and it doesn't end well.
Where was your concern over the last decade? When according to NBER productivity growth in the United States has rebounded sharply over the past decade. Hhmmm…what was the tax rate when it started its decade long climb? :2wave:
I am familiar with an operation such as yours .My son has a very successful Tool and Die shop. If you do any stampings to for BOEING Or GE, there’s a good chance you’re using one of his dies, or jig assemblies.
Where is your concern for people that work for minimum wage that have seen their buying power shrink… for example, minimum wage was $1.60 per hour in 1968, which translates to about $10.50 in today’s bucks. Are these people just a number on your bottom line? Have you bothered to check out any of these plating shops that hires from manpower? If you do/did you had better be conversant in Spanish.eace