The US Has the Highest Share of Employees in Low Wage Work

[JeffreyS]

Highest share relative who/what?

Convenient that China, India, Thailand, etc. aren't even mentioned on the list.

And here is what we are up against folks. So many who would be perfectly happy if the U.S.A. could bid lower than Bangladesh on labor costs. Lets race to the bottom not just of the developed nations let's show Laos we stand more poverty than those weaklings.  That is some real patriotism there.

Are you serious?

Putting a LOT of words in my mouth there for a simple question about the context of a descriptionless three year old chart.

I ask about those other countries because the title of the thread is "The US has the Highest Share of Employees in Low Wage Work," which is misleading and patently untrue.

And I ask relative who/what because if we *are* discussing developed countries, the chart is missing a good 15 countries.

But sorry, didn't mean to be so unpatriotic...

Well I will take back pinning those feelings on you. 

I am not saying "Ken" but I do believe those race downward sentiments are out there. Perhaps the corporate interest do not want us to race all the way to the bottom but definitely downward.

Just to be clear not sarcastic because I seem to have been wrong on Ken's intent. MY opinion that those feelings exist is now not saying those are Ken's feelings.

[bill]

The Dems were in charge for a majority of the time period that those jobs left and most of those jobs were union jobs. Hmm any correlation? Carp carp carp...the Republicans....carp carp carp....George Bush.....carp carp carp....tax the rich......carp carp carp....talk amongst yourselves

Well Bill, do you think it was the magic presence of the 'dems' that made those jobs leave?

Lets see if you can (for once) back up one of your sweeping statements with a little fact.

Perhaps you can explain how these jobs you are referring to came to leave the country.

If you would be so kind as to tell us the exact cause, like a bill or an incident and then show us which jobs immediately bailed.

I have confidence that you will be able to unleash the power of google to do this.

Perhaps the tap tap tapping of your key key keyboard will match the carp carp carping that you seem to be hear hear hearing.

I laid out the question that this happened when the dems and unions were in charge. Any correlation? I doubt it but maybe if you read it again you can understand.

[KenFSU]

Fair enough buddy

No worries.

[bill]

so then, no.  you cannot prove or show examples that would make your statement true?

why do I remain unsurprised?

Go back to your Moms basement and delete the posts that you disagree with or cannot understand

[BridgeTroll]

I bet raising taxes on those companies will stimulate more high paying jobs.

[bill]

I bet raising taxes on those companies will stimulate more high paying jobs.

i dunno.  since we lowered the taxes on companies whose products were being produced by cheap malaysian labor, they formerly high paying jobs went overseas.

Maybe you mean that we should resume the old tax system which encouraged higher wage labor?

Yes now the highest in the world. Good plan. Damn you might be half as smart as you think you are.

[JeffreyS]

The fact is on this one the Dems have done better at talking but they particularly Bill Clinton have supported free trade.  Basic Hamiltonian economics worked fine until we switched to trickle down economics in the early eighties.  Hamilton's basic premiss's were tariffs and a well regulated market place for people to compete in.  I feel the Sherman anti trust laws were the biggest most successful changes to our economic policy since Hamilton. Since 1980 Republicans and Democrats too have softened tariffs, regulations and anti trust laws to the detriment of the American worker.

So the Dems while clearly an upgrade to the Republicans have not been good.

[BridgeTroll]

I bet raising taxes on those companies will stimulate more high paying jobs.

i dunno.  since we lowered the taxes on companies whose products were being produced by cheap malaysian labor, they formerly high paying jobs went overseas.

Maybe you mean that we should resume the old tax system which encouraged higher wage labor?

I dunno either... but it sure is nice out here at the blues fest!

[JeffreyS]

On my way

[finehoe]

Yes now the highest in the world.

Lies.

[ChriswUfGator]

Yes now the highest in the world.

Lies.

Well that pretty much sums it up doesn't it..

[JeffreyS]

That is why I like to say we should cut the rate 5% but put in a floor of 20% no matter what deductions you qualify for.

[vicupstate]

The middle class has been shrinking for 30 years + and most of that time the GOP has controlled at at least the White House or both houses of Congress, or both.   So Bill, you can drop the false narrative that Dems only created this situation.  The truth is both parties have sold out to big business, it's just the GOP did it earlier and more completely.

We are headed for a second guilded age.  Without a major reversal, there will soon be a small and extremely wealthy ruling class, and a large working class with little wage distinctions among it.         

[Non-RedNeck Westsider]

We are headed for a second guilded age.  Without a major reversal, there will soon be a small and extremely wealthy ruling class, and a large working class with little wage distinctions among it.       

Looking forward to the day. 

Hopefully my wealthy, ruling master will see fit to give me a small hut near a small field to grow some crops; maybe some livestock to tend to.  I like working outdoors and playing in the garden.  Not having to worry about being poor would be great, just make do with what you have.

[BridgeTroll]

Yes now the highest in the world.

Lies.

Well that pretty much sums it up doesn't it..

Not totally...

http://www.ehow.com/way_5202142_effective-tax-rate-calculation.html

Corporate Effective Tax Rate

Calculating the effective tax rate of a company can be harder because taxable income is not always disclosed in annual reports. Pre-tax income can be used instead of taxable income. You can find the pre-tax income on the income statement and the amount of taxes paid in the cash flow statement. For example if you found that the pre-tax income was $2,000,000 and the taxes paid were $500,000, the effective tax rate would be 25%.

Why Corporate Effective Tax Rates Are Important

When making an investment in a company, investors want to make sure the company is well managed. Because the differences between effective tax rates of companies of equal size that perform similar functions in the same geographical region are generally due to managerial decisions, a company with the lower effective tax rate could have the better administration and therefore be a better investment.

http://www.investinganswers.com/financial-dictionary/tax-center/effective-tax-rate-1229

Effective Tax Rate
2What It Is:
The effective tax rate is the average rate at which an individual is taxed on earned income, or the average rate at which a corporation is taxed on pre-tax profits.

How It Works/Example:
The formulas for effective tax rate are as follows:

Individual: Total Tax Expense / Taxable Income

Corporation: Total Tax Expense / Earnings Before Taxes

Effective tax rates simplify comparisons among companies or taxpayers. This is especially true where a progressive, or tiered tax system is in place. Those subject to progressive taxes will see different levels of income taxed at different rates. The following is a hypothetical example:



Company A
Annual Pre-Tax Earnings = $600,000
Total Taxes Paid = ($100,000 *10% + $400,000 * 15% + 100,000 * 25%) = $95,000
Effective Tax Rate = $95,000 / $600,000 = 15.8%

Company B
Annual Pre-Tax Earnings = $900,000
Total Taxes Paid = ($100,000 *10% + $400,000 * 15% + $400,000 * 25%) = $170,000
Effective Tax Rate = $170,000 / $900,000 = 18.9%

Why It Matters:
In the example above, note that both Company A and Company B are in the 25% marginal tax bracket. However, this does not provide a fair comparison of their tax exposure. In reality, Company B has much more money taxed at the uppermost rate than Company A, and has to pay nearly twice as much in taxes.

Fortunately, the difference is clearly visible in the higher effective tax rate of Company B (18.9% vs. 15.8%). Thus, effective tax rate is typically a more accurate reflection of a company's tax liability than its marginal tax rate.

It is important to note that the amount of cash tax payments that an individual or corporation actually pays out may differ materially from the amount of tax expense in a given period. This is because most companies prepare two different sets of financial statements: one for reporting purposes and one for tax purposes.