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Workers Revolt to have Change
The average wage earner will have 2% - 3% less in their pay check this month due to FICA and other tax increases. But the big surprise will come to Executives for most companies. They will find that since they are in the higher tax bracket their pay checks are cut by 6%.
The result then becomes extra nasty for the average wage earner because of what happens next.
Companies that were going to give their workers 3% increases and their execs double of that that will now need to rethink their strategy.
The theory being that there is only so much money for the wage increases. So in order for the company to give the Executives their 6%, companies will give their workers an even smaller wage increase. If they are lucky,the workers will find their pay checks will be as large as in 2012.
The result will be a massive worker revolt across america. In order to get a 5-10% pay increase workers will switch companies.
In 2012 many workers were hired at pay rates 10-30% above the ones they were replacing. The result is that many companies have uneven pay in many departments. The reaction by companies to the Obama tax increase will create even more disparity and help motivate workers to switch jobs.
This will lead to significant wage inflation. As a result President Obama will have full filled his promise to deliver change. Workers will have a change in jobs and a bit more change in their pockets, if they change jobs.
The result then becomes extra nasty for the average wage earner because of what happens next.
Companies that were going to give their workers 3% increases and their execs double of that that will now need to rethink their strategy.
The theory being that there is only so much money for the wage increases. So in order for the company to give the Executives their 6%, companies will give their workers an even smaller wage increase. If they are lucky,the workers will find their pay checks will be as large as in 2012.
The result will be a massive worker revolt across america. In order to get a 5-10% pay increase workers will switch companies.
In 2012 many workers were hired at pay rates 10-30% above the ones they were replacing. The result is that many companies have uneven pay in many departments. The reaction by companies to the Obama tax increase will create even more disparity and help motivate workers to switch jobs.
This will lead to significant wage inflation. As a result President Obama will have full filled his promise to deliver change. Workers will have a change in jobs and a bit more change in their pockets, if they change jobs.
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