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To: doc1019
Give the government control of companies, then give this same government control over employees pay and their compensation.

LOL.

The government has had control over employee pay and compensation for decades! (At least huge parts of it)

Ever hear of the McNamara-O'Hara Service Contract Act (SCA)?

The SCA requires contractors and subcontractors performing services on covered federal or District of Columbia contracts in excess of $2,500 to pay service employees in various classes no less than the monetary wage rates and to furnish fringe benefits found prevailing in the locality, or the rates (including prospective increases) contained in a predecessor contractor's collective bargaining agreement.

Ever hear of the Davis-Bacon Act?

The Davis-Bacon Act, as amended, requires that each contract over $2,000 to which the United States or the District of Columbia is a party for the construction, alteration, or repair of public buildings or public works shall contain a clause setting forth the minimum wages to be paid to various classes of laborers and mechanics employed under the contract. Under the provisions of the Act, contractors or their subcontractors are to pay workers employed directly upon the site of the work no less than the locally prevailing wages and fringe benefits paid on projects of a similar character. The Davis-Bacon Act directs the Secretary of Labor to determine such local prevailing wage rates.

Sounds great, right? Make sure that those nasty contractors pay a reasonable wage to their employees, right?

Well, in practice, what it does (in a competitive environment) is makes sure that no contractor pays his employees any sizable amount more than the minimum…for every contractor pays his employees much more than the minimum, there will be many competitors who will not. And when it comes to competing or recompeting for a service contract, the lowest bid will win.

With the amount of influence federal contracts have on the economy, that tends to actually depress wages overall.

The point is that the framework for wage control is already in effect.

28 posted on 10/28/2008 6:27:46 PM PDT by markomalley (Extra ecclesiam nulla salus)
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To: markomalley

at a stop light the other day,

1. a plumbing pickup pulled up, slightly bent, older, paint not in good condition.

2. meanwhile, another pickup pulled up, a city pickup, brand new.

1. pays taxes for 2.


29 posted on 10/28/2008 6:31:42 PM PDT by ken21 (people die and you never hear from them again.)
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To: markomalley

Thanks for the “edumaction”, I guess the socialism of America is just more blatant today then in my youth. ;-)


32 posted on 10/28/2008 6:34:41 PM PDT by doc1019 (Obama IS running against Palin)
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