The Big Lie About the Tax Bill: Why Bosses Will Never Raise Wages
Date Written: 20/12/2017
Year Published: 2017
Resource Type: Article
Cx Number: CX21880
The big lie underlying the $1.5-trillion Trump/Republican Congressional tax bill is that Corporations will pass much of it on to workers in the form of higher wages, and to consumers in the form of lower prices.
Does anyone really believe that? If that were the case, why would the corporate world and outfits like the US Chamber of Commerce be fighting tooth and nail as they have been against every effort in cities and states across the country, and in Congress, to raise in the pathetic $7.25/hour minimum wage (a wage that has not gone up since back in 2009 at the depths of the Great Recession!)? The truth is corporate America loves the starvation level of the minimum wage because they use various taxpayer-funded welfare programs Aid to Families with Dependent Children, Food Stamps, WIC and the like to actually subsidize their workforce for them so they don't need to offer workers a living wage.