Posted on 11/11/2015 10:38:30 AM PST by GIdget2004
Donald Trump on Wednesday doubled down on his argument that American wages are “too high†after making a similar claim during Tuesday night’s GOP presidential debate.
“We have to become competitive with the world. Our taxes are too high, our wages are too high, everything is too high,†he said Wednesday morning during an interview on MSNBC’s “Morning Joe.â€
“What's going to happen is now people are going to start firing people.â€
Trump’s comments came when asked about the minimum wage, which he explained during Tuesday night’s debate on Fox Business News and reiterated on Wednesday. He said both times that high wages are hurting America’s ability to compete with other world economies. He added on Wednesday that China’s currency manipulation hurts American jobs.
“I hate to say it, but we have to leave it the way it is,†he said during the debate, referring to the federal minimum wage.
“People have to go out, they have to work really hard and have to get into that upper stratum. But we cannot [raise the minimum wage] if we are going to compete with the rest of the world, we just can’t do it.â€
The idea is likely to spark debate within both parties about income inequality, a hot topic surrounding the 2016 election. Trump has already called for America’s wealthiest to pay more, saying that his tax plan would cost him “a fortune.â€
But the idea that America’s wages are too low likely won’t play well with the working-class, who make up a large coalition of Trump voters.
(Excerpt) Read more at thehill.com ...
NO, Welfare payouts are too high!
No, FORCED wages are too high.
Unconstitutional and destructive federal minimum wage needs to be REPEALED completely.
Whose wages are too high?
And public sector unions need to be outlawed.
Even FDR was against public sector unions.
open borders + no minimum wage = Brazil.
If you look at the most expensive places to live most of the places are not in America.
Minimum wages are too hihg, they should be zero.
Well that is true, but Trump is right on this one. Wages and bonuses have to be related to value created. You just can't keep increasing wages if the value from that job is flat or declining.
I've designed Compensation plans most of my career. This is always a difficult discussion with employees. Expectations of getting more for doing the same is a tough idea to break.
That’s a little cringe worthy coming from a billionaire.
The people are not going to pay $20.00 for a McDonald's meal...they are going to run themselves out of a job...
The whole reason why people are working 2-3 jobs a day part-time is obumacare...the employers are not going to pay their health insurances, therefore, the companies are cutting people back to ‘part time’ status....so they work these 4 to 6 hour a day jobs to get food on the table for their families...
I agree with Trump, get the jobs back into America to get the people working again, do away with obumacare, as Trump said to make the Insurance Companies more competitive so you can have a reasonable health plan...
This is all because of obuma, everything that is wrong in this country right now is because the spineless sissies in the House and Senate won't stand up to obuma and do the jobs we elected them to do...
So come around re-election time, they are going to be out of a job....Americans are tired of this...
And you bet we looked for opportunities to get ourselves into a better job. Even with a career type job...my hubby worked two jobs for years. We all did.
Minimum wage. He said that people should work hard. To get out of that.
Interesting. This fatherofeight used to work as a SW Engineer at an avionics corporation. We started having "best place to work" meetings and "Skip Level" meetings. It never ever failed that even though people were averaging some $60K or $70K/year 10+ years ago, they were never satisfied with their pay.
Trump understands value. You are sounding a bit like a socialist. "It's not fair that he has so much money! He should share his wealth with his low paid employees!"
Just saying. People get paid relative to the value they create. Except for unions, welfare recipients and government employees.
I read that when you add in the administrative costs of the various welfare programs, taxpayers are shelling out over $75,000 per year per welfare family.
I’ve designed compensation plans too. It’s not just the wages, it’s the ER payroll taxes, unemployment insurance, worker’s comp, health insurance, paid time off, etc. That adds up the cost to business.
I have found that disloyalty in aerospace is rewarded, whereas loyalty is not. If you stay at the same company, climbing the ladder slowly, you get raises that are below the inflation level, if you get a raise at all.
But, if you jump from one company to another, you get the “fresh blood” bonus of a higher wage for essentially the same work, even when you leave company A to go to company B, then leave company B to go back to company A.
Your exceptions to the rule are right on the money.
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