Posted on 07/28/2015 5:02:05 AM PDT by Sir Napsalot
.... 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 — it’s smart economics.
.... And, as we saw when Demoulas was temporarily ousted as Market Basket CEO, profit sharing can build real loyalty as well.
When a company does well, employees deserve to share in the success. And if profit sharing can be such a win-win, what can we do to encourage more companies to adopt similar programs and share more of their profits with employees?
I am proposing a new tax credit that will provide an incentive for more businesses to share their profits with employees.
A company starting or continuing a profit-sharing program would receive the credit for two years, and it would equal at least 15 percent of the profits that companies share on top of an employee’s base salary. Small businesses would receive an even higher rate to defray any costs of implementing the program. ......
Americans don’t need a lecture. They need a raise.
Far-sighted business leaders like Market Basket’s Demoulas recognize that lasting prosperity doesn’t come from chasing the next quarterly earnings report, laying off workers, or holding down wages. It comes from investing in American talent and innovation, the engines of real growth. That’s true for our businesses and it’s true for our country.
My mission is to renew the basic bargain of America: If you work hard and do your part, you and your family should be able to get ahead and stay ahead. And when you get ahead, America will get ahead too.
(Excerpt) Read more at bostonglobe.com ...
Hillary Clinton's Bewildering Economics (by Ramesh Ponnuru)
“... 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 — it’s smart economics.”
NSS!
I wonder what this “research” cost………..
Does Hillary realize that you have to have profits in order to have profit-sharing?
People who use the term “win win” are usually of very limited intelligence or dishonest. They inevitably ignore or fail to perceive stubborn facts that render their analysis nonsensical.
So she wants the government to pay a company via a tax credit to share profit with an employee?
Sounds like cost sucker for tax payers.
What an idiot. She wants to further complicate the tax code? If she had any sense she would through the entire tax code out and go to a simple tax. Better yet, stop taxing corporations because they just pass the tax on in increased cost of goods and services unless they are one of the over 1.5 million so-called nonprofits who don’t pay any tax. Many of those are operating illegally as false shells that are actually for profit entities that enrich their handlers. ever heard of the frigging Clinton Foundation you dumb broad?
It took an MIT study to figure out that if you pay people part of the juice flowing through the business they work harder? Really? Have those folks ever heard of commissioned sales?
Trump is right, Hillary and her ilk are basically stupid people. They are inept, incompetent and unable to tie their own pint suit laces.
Obama has already destroyed this county economically, the only thing that will save it is a tidal wave of cash coming in to the county and a ton of new manufacturing jobs. The only place that will come from is taking back what has been stolen from this county. Besides this a good start would be not giving Iran $150 BILLION dollars!
Hillary Clinton has never done ANYTHING in her life but what Jeb Bush and a host of others have done, they are parasites who have to have government and forced charity to eat and live on. That is the only way this idiots kid could afford a $10 million dollar home in New York.
Yep—gotta have higher marginal rates to support that, when what the economy needs is lower taxation on businesses.
Stop with the credits and deductions and just have lower, flatter rates.
Oh, and I’d be curious as to just how she would assure that businesses weren’t taking advantage of the credit to offer PS at the expense of wage hikes? Seems like using the credit instead of giving raises would naturally be incentivized here.
Standard Robin Hood economics.
Rob from the rich, give to the poor.
This is populism, NOT economics.
Remember that “unsustainable economic model” meme she tagged on Uber?
This unexamined “profit sharing” is truly an “unsustainable economic model”!
Oh, I so agree! It wasn’t until I moved to NYC that I saw what a racket the nonprofit structure was! Every Tom, Dick and Sally has their own little nonprofit slush fund here. It’s just seen as the smart way of doing business.
I’d level the playing field completely between for-profit and non-profit organizations. Let them all pay local sales taxes, etc., and none of them a federal income tax. Let individuals give whatever “donations” or “gifts” they want to whomever after they’ve paid their own low, flat tax on income.
Hillary is a deep-dyed governmentaholic, a person who can never see anything that cannot be made better with more government. Yet she and her fellow progressive liberals can never see how government destroys individual responsibility and initiative. Her chief idealogical progressive rival, Sen. Elizabeth Warren, established their view of responsibility when she said to business; “You didn’t build this!” Yet the fact that escapes them is that if someone did not build, who would? Government controls but cannot do well at initiating - witness the endless failures of the Soviet 5 year plans. The blindness and ANTAGONISM of the left to the engine that has made the USofA the most comfortable country on earth is staggeringly STUPID.
You can tell Hillary never ran a business nor worked as an employee in a real business. (Her law firm career don’t count)
But, being the world’s smartest woman, some common sense and basic economy (by simply balancing her own household, for example) would have left some mark on her pickled brains, you’d thought.
This is willful and evil ignorance to further her Marxist ideology.
They are sharing in the profits. It’s called wages and a chance to advance and make a better life for yourself.
“When a company does well, employees deserve to share in the success.”
Does that mean when a company does poorly...?
“She wants to further complicate the tax code? “
Well duh, she’s a lawyer.
Until the government takes its "fair share".
Not an Attorney
Here is a great profit sharing idea.
Cut corporate taxes to zero. Now instead of giving it to Uncle Obama, they can give it to their happy, more productive employees.
When a company does well, employees deserve to share in the success. And if profit sharing can be such a win-win, why aren’t I - smart cattle-futures investor that I am - running a fabulously successful corporation and handing out unlimited free money to all my employees?Because you only know how to second-guess, and have no record that anyone - yourself not excepted - would mistake as competent to operate for high stakes under conditions of high risk. You stick to second-guessing others, because that is a zero-risk strategy.
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