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Flat Pay Prompts 1 In 3 In IT To Consider Jump
CWmike writes "Companies have cut salaries and training, held back on bonuses and piled more work on employees in response to the economic downturn. These tactics may well be pushing many IT pros to go job hunting, Computerworld's latest salary poll has found. More than one third (36%) of the 343 respondents to a recent poll said they are looking to move to a new employer in the next six months. And 69% reported they had not received a pay raise in the past six months. The poll was conducted during the last two weeks in September. For employers, the warning could not be more clear. As the economy improves, the most able IT workers may leave for something better."
Consider a country with ten people, one making $1M and nine making $1k.
The one making the $1M also happens to be an entrepreneur who likes to create businesses and hires the lower-income persons. If the first guy's income tax is increased to 90%, then he can't create those new businesses. Now you have a man who USED to make 1 million but had to close-up shop because the heavy taxation made it impossible to survive, plus 9 laid-off people living off government welfare.
But the government has no money due to poor fiscal policy (overspending), so it has to borrow the Welfare from China.
That's the situation in the USA today. Not quite that bad, but trending in that direction with current policies.
"I disapprove of what you say, but I will defend to the death your right to say it." - historian Evelyn Beatrice Hall
No not "everything" just the devaluation of the paper.
When you used to be able to buy a candybar or soda for 1 penny in 1910, and now it costs about 1 dollar, it's obvious what happened. The central bank ran the printing presses like mad, increased the paper supply almost 100 times, and devalued it by 95-99%.
"I disapprove of what you say, but I will defend to the death your right to say it." - historian Evelyn Beatrice Hall
>>>the most prosperous period of the past 100 years happened with a 90% taxation rate on the top earners
False.
Most prosperous periods were the 80s and 90s when taxation on top earners had been dropped to around 40% by Reagan, Bush, and Clinton.
AND the most prosperous period of the past *200* years was prior to the US Income Tax Amendment (i.e. the late 1800s), when the US grew from a nothing country of zero importance, to the economic leader of the world (kinda like what China is doing now).
"I disapprove of what you say, but I will defend to the death your right to say it." - historian Evelyn Beatrice Hall
>>>The government has no money because the last [Democrat] President ignored warnings about Al Queda
Fixed that for you. Al Queda struck the US twice (possibly three times if you count OK City), but Clinton did nothing..... i.e. he did not seal the borders or increase security, which allowed them to sneak-in and attack from US soil in 2001.
Also if Obama can say "It's Bush's fault" even now after 1.5 years in office, then surely the same principle applies to "fault Clinton" when he had only been out for 0.6 months.
And last but not least, Bush increased the national debt by 1/2 trillion per year.
Now Obama is increasing it by 1.5 trillion per year.
How is that any better???
"I disapprove of what you say, but I will defend to the death your right to say it." - historian Evelyn Beatrice Hall