Economy 53,072 Posted October 18, 2018 Share Posted October 18, 2018 https://www.google.ca/amp/amp.timeinc.net/fortune/2018/10/17/us-ranked-worlds-most-competitive-economy-world-economic-forum The United States has topped the list of most competitive Nations to do business in for the first time in a decade The list looks at tax rates, labor costs, productivity, education and overall ease of doing business This is not surprising given recent big business tax cuts. Canada for example on the new budget is looking to change taxes to match competitiveness in fear the US is getting too competitive Switzerland is the Nation that has topped this list the most frequently the last decade Link to post Share on other sites More sharing options...
Economy 53,072 Posted October 18, 2018 Author Share Posted October 18, 2018 @Luc @Woolfsmck even tho these tax cuts are not financially sustainable long term they are obviously having an impact for now Here in Canada there's been a lot of pressure to lower our 15% Corporate Taxes to add competitiveness Trudeau even already hinted he's changing taxes in this next budget to try to match the US Although he also suggested he wasn't lowering the 15% rate but rather adding in eccelerated expense tax write-offs like the US also did Link to post Share on other sites More sharing options...
maryloo 547 Posted October 18, 2018 Share Posted October 18, 2018 raise. the. wages. Link to post Share on other sites More sharing options...
Economy 53,072 Posted October 18, 2018 Author Share Posted October 18, 2018 7 minutes ago, maryloo said: raise. the. wages. Some companies like Walmart and Amazon that Normally pay minimum wage have raised their wages to attract labor Amazon minimum will be $15/h for lowest paid positions Walmart was $11/h so in some states in basically minimum wage, but in some states its $3 or $4 above minimum I know they are still sucky wages I'm just saying usually these jobs never budge above minimum but lately they have so that's something Link to post Share on other sites More sharing options...
Economy 53,072 Posted October 18, 2018 Author Share Posted October 18, 2018 10 minutes ago, A Wig is Snatch said: I just took the CPA boards last week and the results are about to be released this Monday wish me luck!! OT: 15% regular corporate income tax rate is insanely low. From where I'm from, the RCIT is 30%. Our Provinces are responsible for a big portion of spending and taxes as well. 15% is just the federal. Nationally the average Corporate tax rate when you add provinces it's 27% vs 26% in the US So our taxes are no longer below the US now after Trumps cuts Of course were not running an insane deficit like they are to pay for them, our budget is almost balanced Link to post Share on other sites More sharing options...
Economy 53,072 Posted October 18, 2018 Author Share Posted October 18, 2018 13 minutes ago, A Wig is Snatch said: Okurr i was just fishing for your good luck. I can't sleep while waiting for the results. In my country we take all CPA subjects in a span of two weeks at the same time. All 15,000 of us take it together. Sorry good luck. I honestly just had no idea what u were talking about. I assume it's some kind of test? If so I hope u do well on it Link to post Share on other sites More sharing options...
maryloo 547 Posted October 19, 2018 Share Posted October 19, 2018 4 hours ago, Economy said: Some companies like Walmart and Amazon that Normally pay minimum wage have raised their wages to attract labor Amazon minimum will be $15/h for lowest paid positions Walmart was $11/h so in some states in basically minimum wage, but in some states its $3 or $4 above minimum I know they are still sucky wages I'm just saying usually these jobs never budge above minimum but lately they have so that's something It's a start, however many people are still underemployed. Meaning that many people still need multiple jobs in order to make ends meet, have a savings account, etc. Wages have not increased in decades. The only increases they see every year are enough for the cost of living increases. Cost of living keeps going up but wages aren't. Let's talk when we are seeing an upward trend, because right now it isn't happening. Fingers crossed. Link to post Share on other sites More sharing options...
Economy 53,072 Posted October 19, 2018 Author Share Posted October 19, 2018 23 minutes ago, maryloo said: It's a start, however many people are still underemployed. Meaning that many people still need multiple jobs in order to make ends meet, have a savings account, etc. Wages have not increased in decades. The only increases they see every year are enough for the cost of living increases. Cost of living keeps going up but wages aren't. Let's talk when we are seeing an upward trend, because right now it isn't happening. Fingers crossed. Well this said most competitive economy not best standard of living or best equality I know the US has a higher poverty rate than most of the developed world Anyway it's funny you mention under employed. The way we measure unemployment now doesn't count people with part time work as unemployed but decades ago if you worked as a part timers but we're actively seeking full time work and were enrolled in employment agencies etc you were counted as unemployed even if you had a minimum wage part time So when we say US unemployment is the lowest since 1969 that's actually false because since the methodology of measuring unemployment has changed, the numbers is comparing apples to oranges The US is very lax with how they measure unemployment now. For example it's said here in Canada our official unemployment number is always 1% higher at least from what it would be in the US because of our different methods of measuring unemployment. So that extremely low number of 3.8% the US has now is measleading (here in Canada it would be more like 4.8% if we were measuring it) Also let's not even get into the fact that labor force participation is not the best of rates and has a lot of discouraged workers so true employment figures have a long way to go to reach what Trump calls "greatest economy ever" Still tho it has made remarkable improvement since the great recession I don't know how old you are but I was already a teenager following the news when the recession hit in 2008 and it was so bad everyone was worried a repeat of the 1930s great depression was among us and we would of had one of governments didn't fight so hard with stimulus Link to post Share on other sites More sharing options...
GaGaAst 13,124 Posted October 19, 2018 Share Posted October 19, 2018 5 hours ago, A Wig is Snatch said: I just took the CPA boards last week and the results are about to be released this Monday wish me luck!! OT: 15% regular corporate income tax rate is insanely low. From where I'm from, the RCIT is 30%. Best of luck. Link to post Share on other sites More sharing options...
maryloo 547 Posted October 19, 2018 Share Posted October 19, 2018 19 minutes ago, Economy said: Well this said most competitive economy not best standard of living or best equality I know the US has a higher poverty rate than most of the developed world Anyway it's funny you mention under employed. The way we measure unemployment now doesn't count people with part time work as unemployed but decades ago if you worked as a part timers but we're actively seeking full time work and were enrolled in employment agencies etc you were counted as unemployed even if you had a minimum wage part time So when we say US unemployment is the lowest since 1969 that's actually false because since the methodology of measuring unemployment has changed, the numbers is comparing apples to oranges The US is very lax with how they measure unemployment now. For example it's said here in Canada our official unemployment number is always 1% higher at least from what it would be in the US because of our different methods of measuring unemployment. So that extremely low number of 3.8% the US has now is measleading (here in Canada it would be more like 4.8% if we were measuring it) Also let's not even get into the fact that labor force participation is not the best of rates and has a lot of discouraged workers so true employment figures have a long way to go to reach what Trump calls "greatest economy ever" Still tho it has made remarkable improvement since the great recession I don't know how old you are but I was already a teenager following the news when the recession hit in 2008 and it was so bad everyone was worried a repeat of the 1930s great depression was among us and we would of had one of governments didn't fight so hard with stimulus The 2008 recession changed my life and career direction. I graduated in 2009 and there were no jobs for new graduates. Every one who was laid off in the recession was soaking up the entry level jobs. I ended up choosing the life of an entrepreneur because I saw how corporate America cares for nobody except themselves. Link to post Share on other sites More sharing options...
Woolfsmck 2,763 Posted October 19, 2018 Share Posted October 19, 2018 7 hours ago, Economy said: @Luc @Woolfsmck even tho these tax cuts are not financially sustainable long term they are obviously having an impact for now No tax rate is 'sustainable' without spending restrictions... The right wing agenda is to grow the revenue back by expansion....and reduce medical and other gov. spending... like a cat in a sil, I observe life, moving and still. My words give a clue,look inside to see whats true Link to post Share on other sites More sharing options...
Woolfsmck 2,763 Posted October 19, 2018 Share Posted October 19, 2018 7 hours ago, Economy said: @Luc @Woolfsmck even tho these tax cuts are not financially sustainable long term they are obviously having an impact for now No tax rate is 'sustainable' without spending restrictions... The right wing agenda is to grow the revenue back by expansion....and reduce medical and other gov. spend like a cat in a sil, I observe life, moving and still. My words give a clue,look inside to see whats true Link to post Share on other sites More sharing options...
Economy 53,072 Posted October 19, 2018 Author Share Posted October 19, 2018 23 minutes ago, Woolfsmck said: No tax rate is 'sustainable' without spending restrictions... The right wing agenda is to grow the revenue back by expansion....and reduce medical and other gov. spend Milita...ahem... Cuts could of payed for these tax cuts Link to post Share on other sites More sharing options...
wonderlanddynasty 715 Posted October 19, 2018 Share Posted October 19, 2018 Oh, congrats to you, USA Link to post Share on other sites More sharing options...
NotNightwing 1,710 Posted October 19, 2018 Share Posted October 19, 2018 What good is the most competitive economy when the majority of your citizens will never see the benefit of it? US Politics is ****ed. Link to post Share on other sites More sharing options...
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