Thread: GOP Tax Plan
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Old 11-06-2017, 10:20 PM   #33
Ten Point
Join Date: Apr 2009

Originally Posted by sir shovelhands View Post
Just out if curiousity, does anyone have any data on company hiring rates when their tax rates are lowered? I just dont see it being logical for any company to go on a hiring binge just because they receive a tax cut, especially if they dont need more people. I know my company sure wouldnt, because we dont have enough work to warrant more people (oil industry). Hell, they'd probably keep laying us off.
For wages to show any real increase, corporate taxes must be lowered AND the labor supply must be held constant. Until we get a border wall built and the flow of cheap labor from Mexico slowed substantially, corporations will feel no pressure to increase wages.

Trump is betting the tax relief will bring back more jobs that were offshored in prior years than will be automated out of existence by robots funded by tax cuts on companies. It's both supply and demand pressure keeping wages low while corporate profits are high.
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