Monday, December 03, 2012

Texas Business Incentives Highest in Nation - NYTimes.com

Texas Business Incentives Highest in Nation - NYTimes.com

Long article about a very complex issue. But this is one of the best 'take aways'.
The rules had been contested by the business community. “The more stipulations you put into an agreement, the more complicated it becomes and the less competitive we become,” Gary Farmer, a local business leader who runs an insurance company, told the county commissioners at a hearing. “We’re concerned about including a living wage into the policy, as we believe that could have a chilling effect on certain companies.”

Yup, no fair telling businesses that they must pay their employees enough to live on. Because that might impact the bottom line and take away some of those record profits. And the state can always pick up the slack, providing food aid, right? And besides, employees are totally free to take a 2nd or 3rd job if they're having trouble making it on one salary.

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