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John Smith

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Posts posted by John Smith

  1. I used to have a client that was a fast growing company selling software. They had a pension plan with 5yr cliff vesting. What this meant was the company would contribute every year for you and you would vest 0% every year until the 5th year when you would vest 100%. If you left the company before then all invested amounts were allocated to those people on the plan who were still participating. If you surveyed the employee records you would find that the owner and a couple of other key people had 5 or more years service. In effect all pension contributions were made based on everyone's wages but only these few were ever going to see a dime of it.

     

    Schmucks? Maybe, a holes definately. The company is now out if business.

  2. I know an individual who hates Obama. Fox/tea partier etc ... His family is saving $300/mo because his wife's employer is now required to cover all employees, she was formerly exempt from their plan. Anyhow he wanted to keep his plan that he felt was gold plated. (It wasn't ) now he has better coverage for less yet still hates the ACA. Oh well.

    Btw my story is anecdotal and I still believe that the overall stats need to be looked at.

  3. Every time the min wage has gone up that I can remember your argument gas been brought out by conservatives. Again you completely missed (ignored ?) my point. Besides if min wage was tied to inflation it most likely would be in that $15 range.

     

    Btw if $9 was proposed or tying it to some inflation index I know exactly what the argument would be.

  4. Ummm that was my point though . Minimum wage has been rising steadily since then and each time there is a cry out that it will cost jobs and curtail business.

     

    Does each mcd store have a smaller crew than back then? Sure they do, but processes have changed and streamlined since then. Those changes would have occurred regardless of minimum wage.

  5. Minim wage was 2.20/hr when I worked at McD 's going by the logic presented here and nearly continuously by the right, theinimim wage of 7 something an hour should have crippled and nearly killed McD's by now. Yet today there are more stores than ever And I just don't understand how that is possible.

     

    Also the number of employees is almost irrelevant, it makes it seem like they will all be paid full time. The real figure to look at is man hours worked or projected to work.

  6. I think it shows that the RW media influences about 20% of the people, down from 35 or so a couple of years ago.

     

    Seriously though multinational diplomacy is worth a try. Besides if it fails we still have enough bombs and young men's blood to get them later, so there's always hope for the death dealers.

     

    I can just picture it...right now there are people in Iran bitching about the deal because you just can't trust Americans. Perspective.

  7. One would think it would behoove Wall St to have more people contributing to bank accounts and 401ks, besides the fact that it's much more easy for Wall St as a whole to make money when there's economic stability and progression.

    WS is making some huge $$ right now. They earn regardless of the economy. Even during the last crisis some firms were still doing very well.

  8. I'm not Making that statement that is what the people who talk about "job creators" were saying for quite a while. I'm of the opinion that you staff for needs.

     

    As to the pumping the stock price every pronouncement these days has a blurb about shareholder value. That's all well and good for the long term plans but the short term actions don't last as long as the hits to employee morale. We are still reeling from layoffs 2 years ago.

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