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SlantedFacts · Jan 3, 2006, 08:32 am

I have an idea that one the surface seems as though it could be an economical boom for our country - let me put it out here for some feedback!

Pay Raise Incentive

What would happen if 10% of the working class were to get a $1.00 an hour raise?

How many people would be able to suddenly afford a new car or home?

Let us look at some generic numbers.

$1.00 an hour = $40.00 a week which = $2080.00 per year

$2080.00 per year - or (approximately) $1456.00 after taxes.

That by itself isn't all that much - but . . . what if it were to be possible 4 x per year?

I am sure no one would argue that businesses are in business to make money - right?

So; what if there were some government incentives to create this "Wealth Distribution"

?

After all, if you did a Google search for this "new business incentives" you would see these links in this order (as of 7:57 EST)

India
New Jersey
New Jersey
New York
New York
Tennessee

Those links are about businesses that are being wooed to relocate.

However; what incentive is there for companies that pay less than a liveable wage (up to $12.00 an hours) to pay more (without union due's)?

THIS IS WHAT I PROPOSE:

Based on 13 weeks being a fiscal quarter

If an employee were to get a pay increase of $1.00 an hour per fiscal quarter for just one year. They would have nearly $6,000.00 per year after taxes.

Consider this:

IF 2 people (husband & wife) were to make a meager $11.00 per hour each full time

They could afford a $120,000.00 home with no money down

at 6.25% interest

with a monthly debt of $400.00

$3,300.00 tax & insurance

with zero liquid assets.

Tell me this ...
what would this 4 quarterly wage increases do for a married couple who both make $7.00 an hour?

What if one made $12.00 an hour and one made $10.00 an hour?

QUESTION:

What kind of buying power would that create?
How many debts would become payable (no bankrupcy court needed)?
How many jobs would be added to service those who were spending more?
What business would NOT benefit from a wealthier customer base?

WHAT would it be worth to create an incentive that businesses would want to create some of this wage increase?

I think that ANY employee that has been with a company at least 1 years should be eligable for an arrangement like this.

I think that for one or two years MAXIMUM there should be some sort of an incentive to business that makes them willing to give $1.00 an hour raise up to 4 times a year per employee.

Talk To Me - What Do YOU Think?

View Poll Results: Do you think this idea would work?
Excellent Idea	1	100.00%
Good Idea . . . BUT (comment below)	0	0%
Probably Not! (comment below)	0	0%
Forget It - Can not work!	0	0%
Voters: 1. You may not vote

Jan 3, 2006, 08:32 am	#1 (permalink) (top)
SlantedFacts BANNED Posts: 89	"How To Stimulate The Economy" I have an idea that one the surface seems as though it could be an economical boom for our country - let me put it out here for some feedback! Pay Raise Incentive What would happen if 10% of the working class were to get a $1.00 an hour raise? How many people would be able to suddenly afford a new car or home? Let us look at some generic numbers. $1.00 an hour = $40.00 a week which = $2080.00 per year $2080.00 per year - or (approximately) $1456.00 after taxes. That by itself isn't all that much - but . . . what if it were to be possible 4 x per year? I am sure no one would argue that businesses are in business to make money - right? So; what if there were some government incentives to create this "Wealth Distribution" ? After all, if you did a Google search for this "new business incentives" you would see these links in this order (as of 7:57 EST) India New Jersey New Jersey New York New York Tennessee Those links are about businesses that are being wooed to relocate. However; what incentive is there for companies that pay less than a liveable wage (up to $12.00 an hours) to pay more (without union due's)? THIS IS WHAT I PROPOSE: Based on 13 weeks being a fiscal quarter If an employee were to get a pay increase of $1.00 an hour per fiscal quarter for just one year. They would have nearly $6,000.00 per year after taxes. Consider this: IF 2 people (husband & wife) were to make a meager $11.00 per hour each full time They could afford a $120,000.00 home with no money down at 6.25% interest with a monthly debt of $400.00 $3,300.00 tax & insurance with zero liquid assets. Tell me this ... what would this 4 quarterly wage increases do for a married couple who both make $7.00 an hour? What if one made $12.00 an hour and one made $10.00 an hour? QUESTION: What kind of buying power would that create? How many debts would become payable (no bankrupcy court needed)? How many jobs would be added to service those who were spending more? What business would NOT benefit from a wealthier customer base? WHAT would it be worth to create an incentive that businesses would want to create some of this wage increase? I think that ANY employee that has been with a company at least 1 years should be eligable for an arrangement like this. I think that for one or two years MAXIMUM there should be some sort of an incentive to business that makes them willing to give $1.00 an hour raise up to 4 times a year per employee. Talk To Me - What Do YOU Think?