Page 4 - Salary Workers News Today

Richard wolffe? >> this is a game. weve all been taught that statisticians make use of what they do. a constant share of huge salary workers and wages at the top of the corporate. >> hop in there to explain. we have wages and then we have profits, right? these are different kinds of categories but youre talking about what percentage of dollar is going to wages and its constant for a long period of time. i want to be clear here, wages is a big category in the sense

Here is what happened. look, i will agree that sometimes workers and not hourly workers, salary workers are taking advantage, theyre the real problem, the people that are suing, but nen companies can adapt and unfortunately, when supply exceeds demand, in this case, the economy that we have, youre going to have companies that say, okay, now youre an hourly worker, you dont like that you youre going to get fired and youll be replaced by other workers so i see no net effect on the economy because ...

They do is they reduce their per hour rate by about 15% because they know theyre going to have to built build in some more. >> the whole key is people should be paid for their time. so many companies requiring workers to come in for four hours, to log in or check stuff before they start. shouldnt they get paid with that? i dont agree with faith a couple of things here and there after hours. so many workers on vacation or even, you know, on the eve of their wedding nights are asked to call in or ...

What about you? you dont -- you say you wrote the piece, very interesting, that 80, 90% of your income this year would go for taxes of one kind or another. >> its a slightly lower number. i get to it because not only the current years state and federal income tax burden and fica and the like, also at age 72, my life expectancy is not great and i would expect to pay estate taxes soon. and the sum of those, too, end up to be a high number. >> paul: here is one of the points that buffet makes of th...

What about you? you dont -- you say you wrote the piece, very interesting, that 80, 90% of your income this year would go for taxes of one kind or another. >> its a slightly lower number. i get to it because not only the current years state and federal income tax burden and fica and the like, also at age 72, my life expectancy is not great and i would expect to pay estate taxes soon. and the sum of those, too, end up to be a high number. >> paul: here is one of the points that buffet makes of th...

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