Posted on 12/20/2017 2:04:10 PM PST by Enlightened1
Thanks to Republicans passing historic tax reform, Fifth Third Bancorp announced it will “raise its minimum hourly wage for all employees to $15, and distribute one-time bonus of $1,000 to more than 13,500 employees.”
BusinessWire reports:
Fifth Third Bancorp announced plans today to raise its minimum hourly wage for all employees to $15, and distribute a one-time bonus of $1,000 for more than 13,500 employees. The actions are in appreciation for the commitment employees show in supporting customers and building stronger communities. […]
Approximately 75 percent of employees will receive a pay increase or bonus.
“We want to invest in our most important asset – our people,” said Fifth Third President and CEO Greg Carmichael. “Our employees drive our reputation, our business and our success.”
Newly passed tax legislation includes a reduction in corporate tax rates designed to spur economic growth. Carmichael said the tax cut allowed the Bank the opportunity to reevaluate its compensation structure and share some of those benefits with its talented and dedicated workforce.
The Senate approved Trump’s tax bill 51-48 in a midnight showdown.
For the second time, the House followed suit today.
This is the biggest tax overhaul in 30 years.
(Excerpt) Read more at thegatewaypundit.com ...
Congress did not have to legislate a minimum wage job. All you had to to was cut the taxes, and businesses pay more.
A win, win win situation.
LOL. This is going to work wonders for 2018 Dem campaigns when they brag that they didn’t vote for the tax reform bill...
Holy smokes. The liberals out to be very pleased. This company raised their minimum wage to the magic 15.
Will the liberals praise this company for their actions?
...but Chuck Schumer said
So many stories of winning about to break. Can we handle it all? Can the media handle it all?
Wonder how it will effect the January paychecks. Cannot wait to see as I do the payroll.
More predatory behavior by big banks. They don’t care about their employees.
Democrat heads exploding all over America! It’s like the fourth of July!
CC
Note: I confess to adding the part in bold all caps.
Wells Fargo, Fifth Third Bancorp unveil minimum wage hikes after tax bill passage
Fifth Third and AT&T are paying employees special bonuses after getting tax cuts under the Republican tax plan.
Wells Fargo said Wednesday that it would boost minimum wages for employees to $15 an hour, following Fifth Third’s similar announcement.
Hahaha!
CC
The economy is booming (except in a couple blue states).
Employment is tight. That drives up wages.
If an employer with good employees doesn’t pay more, the employees might jump to the competition.
But Democrats can’t understand it because it is not a government spending jobs program that hires navigators to hold hands.
This is impossible. Bloomberg and the rest of the democrats said so.
I had to go to a branch today, before I read about this. Someone came out of a side office, walked the length of the place, around the end, all the way back to the last telller window on the my right, and said "may I help you?" Thanks Enlightened1.
I expect a lot of Dems will ‘retire to spend more time with their families’ this next year................
WTH is THAT???????????????..................
Well,... there's another 300 million examples of Democrats being the biggest liars on the face of planet Earth.
Democrat blowhards: Oh, this Trump tax cut will only hurt the middle-class!
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