[BobNJ1960]

Texas will be poaching this manufacturer due to the new Ct minimum wage . Its 150 jobs in Ct = half the quantity created last month statewide.

$15 hollowed out low skill labor in much of NYC, via much smaller headcounts. We just signed up for that here. I expect only a tiny % of cashier jobs, stock shelving jobs, and fast food jobs within the next 1-2 years in Ct. All businesses plan for the worst Ct 2023 minimum wage) by stepping ahead of it, consuming less labor.

https://yankeeinstitute.org/2019/05/...-minimum-wage/

[RunD1987]

Originally Posted by CTartist

I was thinking about this when I saw they are going to raise the minimum wage to $15 in the entire state. Although I think that parts of Fairfield County certainly need a higher minimum wage I think the higher wage will hurt the rest of CT and many residents will lose their jobs as a result of the $15.

Nice play on word in bold.

Think it would of been a better move for workers and employers if they adjusted income, sales, and gas tax.

A two tier flat tax system: Income is not taxed until you reach $30,000 (Some States do this). Tax rate for single and joint State wide would be 7.5%. Then any income after $530,000 is taxed at 5.5%.

Lower the sales tax in 4 years to 4%. Expand sales tax exemptions such as clothes purchases under $125.

Eliminate the gas tax in 5 years.

[JayCT]

The US Navy has signed a $1.3 billion contract its Sikorsky for the King Stallion helicopter. Great news for our state since it will be built here. Jay

https://ctmirror.org/2019/05/17/navy...llion-copters/

[BobNJ1960]

Originally Posted by RunD1987

Think it would of been a better move for workers and employers if they adjusted income, sales, and gas tax.
.

Far better. I have seen massive negative changes, in low skill, formerly low wage labor, in NYC. I personally know how many businesses countered it by eliminating more payroll hours and/or staff than previously planned. It has increased the use of automation. As of now, Milford Target has 3x the live cashier count at peak hours as Bronx Target, despite Bronx store having several times the customer count. Bronx more than doubled their self serve quantity right after $15 mw bill passed. Watch it change same way now with the Ct new minimum wage here.

We already will be losing a 153 employee manufacturer in Waterbury, to Texas. We have several more in that same industry. How many of them, or similar manufacturers, now in Ct, will be leaving over this > 48% cost increase in low skill labor cost?

Bear in mind, when these people are fired, they will not have new options, as they were priced out of work, with their value being less than an arbitrary liberal government mandate.

[RunD1987]

State should tap into the rainy day fund to pay down the deficit

Also create a flat business tax of 2% for non-profit & hospital's, 4% for companies with 50 or less employees, 6% with 50 or more employees. Do away with the Hospital Tax while they are at it.

Raise the minimum wage by $1.15.

[BobNJ1960]

State should heed the advice of orgs such as the CBIA & Chamber Of Commerce's.

Try being a partner with, instead of an enemy of, the private sector businesses which support the government and population. Just like the states who have recovered 200% or more of the Great Recession job losses.

Try aiming high in National rankings for Business climate, job % recovered, state GDP % growth, etc.

Stop assuming we can't do far, far better in those regards.

[JayCT]

Originally Posted by BobNJ1960

State should heed the advice of orgs such as the CBIA & Chamber Of Commerce's.

Try being a partner with, instead of an enemy of, the private sector businesses which support the government and population. Just like the states who have recovered 200% or more of the Great Recession job losses.

Try aiming high in National rankings for Business climate, job % recovered, state GDP % growth, etc.

Stop assuming we can't do far, far better in those regards.

Maybe if business tried being more fair to their employees and stopped their constant greedy quest for squeezing every penny out of their workers, the government would not have to be the enemy of business. History has long shown that business, if left to their own without regulation, would not be fair to their workers.

As for your goals, Connecticut already has one of the highest GDP's in the country. Our unemployment rate is darn close to the national average. We are among the highest in income. Major employers are staying and expanding here. How far does our economy have to go to meet your never satisfied goals? Jay

[kidyankee764]

Originally Posted by JayCT

Maybe if business tried being more fair to their employees and stopped their constant greedy quest for squeezing every penny out of their workers, the government would not have to be the enemy of business. History has long shown that business, if left to their own without regulation, would not be fair to their workers.

As for your goals, Connecticut already has one of the highest GDP's in the country. Our unemployment rate is darn close to the national average. We are among the highest in income. Major employers are staying and expanding here. How far does our economy have to go to meet your never satisfied goals? Jay

Again, re: income, the percentage higher it is over the national median is the same difference in cost of living. It’s nice to say CT has a high income, but when you dig a bit deeper, you see that it’s no different than most states when adjusted properly.

[BobNJ1960]

Originally Posted by JayCT

Maybe if business tried being more fair to their employees and stopped their constant greedy quest for squeezing every penny out of their workers, the government would not have to be the enemy of business.

The Waterbury company is already making a small profit which is 75% lost due to $15 an hour in Ct, Did you read the article detailing their situation? Even retail makes more than a 2% operating profit.

[MrGompers]

Originally Posted by BobNJ1960

The Waterbury company is already making a small profit which is 75% lost due to $15 an hour in Ct, Did you read the article detailing their situation? Even retail makes more than a 2% operating profit.

I read the article and the company did not provide financial statements, so we do not know their situation. If they have a business built on paying low wages they should be out of business. We don't need low wage crap jobs here. Let Texas have them.


This statement is very telling and probably went over most peoples heads


"Many of our lawmakers don’t realize that FORUM Plastics competes globally. We’re competing against companies in China and in Mexico and those companies have competitive wages. It’s a challenge,” Pelizzon said."


So IOW he thinks American workers should be getting the same wages as workers in China and Mexico ?


Also this quote, "Pelizzon says he is constantly recruited by other states like Texas and North Carolina, which offer tax incentives for him to move the factory to one of their states. Pelizzon provided a recent recruitment email from Texas. “Texas is very aggressive,” Pelizzon said."


This guy is trying to shake down the state. He and his company can go to hell.