A divided nation

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Originally Posted by Species8472

Greed or not they most certainly would notice. 2$ per hour for 2.2 million employees at say 15 hours per week represents $3.4 billion per year every year or about 12% of the net worth for any given family member every year.

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I guess you would have already looked it up so what is each family member worth a year? Lowball and say it's 10 million I guess it would really hurt them to only make 9 million a year, on top of their net worth , which is likely in the billions.

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Originally Posted by trimmer21

That's assuming that it comes directly out of their pockets which it doesn't. It comes out of the business as a direct expense therefore is tax deductible. It costs them ZERO.

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It may not be as black and white as i presented once tax implications are considered but it certainly cost a lot more than ZERO. If it was actually zero they would do it as there would only be upside benefits like good PR and happier emoyees.

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Originally Posted by Species8472

It may not be as black and white as i presented once tax implications are considered but it certainly cost a lot more than ZERO. If it was zero they woyld do it as there would only be upside benefits like good PR and happier emoyees.

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Maybe,but,most of them couldn't care less about that. It's not in their vocabulary or business lexicon.

The family is worth 149 BILLION or 24.8 Billion each. Yes a 2 dollar raise for their employees is really going to hurt. That my friend is the height of greed.

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Originally Posted by fishermccann

The family is worth 149 BILLION or 24.8 Billion each. Yes a 2 dollar raise for their employees is really going to hurt. That my friend is the height of greed.

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Never said it wasn't. Just disagreeing with you about whether they would notice - they would. 3.4 BILLION per year would be noticed.

Be like you having 100 dollars worth of change and giving up a dime, notice maybe, but pretty heartless to care about that 10 cents, and it would not make one bit of difference in their lifestyle.

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Originally Posted by fishermccann

Be like you having 100 dollars worth of change and giving up a dime, notice maybe, but pretty heartless to care about that 10 cents.

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Percentage wise actually more like giving up $2 or $3 out of a 100.

OK lets call it like it is, 2 or 3 Billion out of 100 BILLION, would it make a difference in their life , not a chance. How about in the lives of their 2 million employees? Yup that's what I said, total greed. If there is someone watching up above, they will get their comeuppance eventually.

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Originally Posted by fishermccann

they would not even notice

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Nothing I posted disagrees with anything you have stated other than this.

Are they greedy? - Sure.
Would their lives be materially impacted? - Not at all.
Would they notice? - Absolutely.

G. Couple things.

re GMs reported profits.
EPS?
RoC?

Oh, and have you seen the Sunshine list? It's out today.
total dollars for just those on it? 11 billion
growth? 4% (115,000 on it vs 111,000 last year)
Hydro 1 employees who no longer get reported.
would put the growth over 7%
/looks around the "real" world

where the GMs of the world, make things, grow economies