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For young folks who live at home or have roommates $46k is ok money for an entry level job. What's better $46k or 0k? Companies can't be giving $75k salaries to people right off the bat. They'll go bankrupt. Also that amount doesn't mean you stay there for the rest of your life. I remember when I first started off in my field 20+ years and getting less that $30k a year. I made that work for me.
People need to stop acting so spoiled and entitled. No one is entitled to a $100k salary. You earn that after many years of hard work and and being a good employee.
For young folks who live at home or have roommates $46k is ok money for an entry level job. What's better $46k or 0k? Companies can't be giving $75k salaries to people right off the bat. They'll go bankrupt. Also that amount doesn't mean you stay there for the rest of your life. I remember when I first started off in my field 20+ years and getting less that $30k a year. I made that work for me.
People need to stop acting so spoiled and entitled. No one is entitled to a $100k salary. You earn that after many years of hard work and and being a good employee.
That’s fine Just don’t give tax breaks for low paying jobs.
Geeze, enough already. This is why New Yorkers can't have nice things.
The anti-business attitude is unbelievable. Seems like some of you people would tax the air we breathe. And then criticize us for dying from being unable to pay the tax.
Economics 101: Any business is good for a region. Any jobs are good. Any business activity is good.
Suppose someone opens an assembly plant, which it seems like Orbic is planning to do. That plant, which is using an existing building, will probably still need all kinds of rewiring and internal work. Electricians, plasterers and carpenters, furniture, flooring, plumbing. Then, custodial and food service, insurance, security, transportation, office supplies, advertising.
Employees will buy stuff: groceries, consumer electronics, clothing. Some may relocate there, thus moving services, rentals or home purchase, cars, trucks, fuel.
Economic activity is a good thing; it has a ripple effect. It's distressing how cynical and uninformed people can be. Even in pro-business places like Texas, Florida, the Carolinas, Arizona etc., these kinds of tax-the-rich ideologies always pop up. Unionize them! Tax the hell out of them! Punish the capitalists! This is why plants and factories fled the U.S. in the first place.
If salaries are too low and no one's applying, Orbic will raise the offered salaries. If they still can't find anyone, they may have to give up and admit that LI is just too expensive and anti-business (which I could have told them). But I hope they succeed and who knows? It might persuade a few people to be more supportive of businesses. Given the outflow of people and companies from NY, that's not a bad thing.
If you believe that “any” business is good then you don’t know business. One of the key rules in business is knowing which business to turn away. Not all business is created equal.
It will fail after a year or so, whoever is doing this is trying to milk some kind of tax incentives or grant then shutdown the operation when they gotten enough government handout.
You cannot outcompete against China's supply chain. Everything you assembly must come from somewhere and it comes from China. What good is importing parts from China and assembling here when it can be done there cheaper with shipping included.
It will fail after a year or so, whoever is doing this is trying to milk some kind of tax incentives or grant, then shutdown the operation when they've gotten enough government handout.
You cannot outcompete against China's supply chain. Everything you assembly must come from somewhere and it comes from China. What good is importing parts from China and assembling here when it can be done there cheaper with shipping included.
I agree.......
Quote:
Originally Posted by kmrlongisland
I doubt a company with $100m revenue can create 1000 jobs without a lot of subsidy.
$46k is foodstamps, section 8, & medicare territory in NY.
It’s barely enough to cover rent and car insurance.
*harruuumpfff*
So you what expect them to start entry level factory workers at 75k a year? lol not happening.
"The average college graduate salary in New York is $66,584 per year or $32.01 per hour. Entry level positions start at $48,946 per year while most experienced workers make up to $95,002 per year."
Last edited by peconic117; 01-02-2024 at 10:38 AM..
That’s fine Just don’t give tax breaks for low paying jobs.
Then they'll open a plant in North Carolina or Florida or Texas. Congratulations. You just denied jobs to 500 Long Island workers plus ancillary activity which would bring in tax revenue. Just like the Amazon facility that AOC fought. Well let's look on the bright side; there'll be less traffic and the supermarkets will be less crowded!
So you what expect them to start entry level factory workers at 75k a year? lol not happening.
"The average college graduate salary in New York is $66,584 per year or $32.01 per hour. Entry level positions start at $48,946 per year while most experienced workers make up to $95,002 per year."
There is no definitive answer. Continually raising minimum wage is definitely NOT the answer though.
There is no definitive answer. Continually raising minimum wage is definitely NOT the answer though.
Why not? Minimum wages have to increase as everything else does.
Same as social security benefits.
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