Will Disney raise wages due to the new tax bill?

Discussion in 'The DIS Unplugged Podcast' started by disneysteve, Dec 20, 2017.

  1. disneysteve

    disneysteve DIS meet junkie

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    Several major companies have already announced they are hiking their minimum wage as a result of the new tax bill passing. The bill dramatically cuts corporate taxes and some companies plan to pass on some of that windfall to their employees. That immediately made me think of the current contract negotiations going on with Disney. The company is going to save a ton of money thanks to the new tax bill. Might that encourage them to loosen the purse strings a bit with payroll?

    Thoughts?
     
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  2. SorcererHeidi

    SorcererHeidi Sorcerer please cast forever love spell for me

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    Wow - hadn't even thought about it that way, Steve. Great question!
     
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  4. rteetz

    rteetz Rumors and News Moderator Moderator

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  5. starry_solo

    starry_solo DIS Veteran

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  6. disneysteve

    disneysteve DIS meet junkie

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  7. Just People

    Just People Lurker

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    --If that is true, wow... $100,000,000. To think that is probably play money to giant corporations is just sad.
     
  8. pjweaver

    pjweaver just happy to be here

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    I saw several major banks are raising their minimum wage to $15.00 as a result of this tax plan. That being said, Disney isn't likely to. Their biggest asset, the cast members, are worth what they can get away with paying. Even a $1 an hour increase across the board would do wonders for CMs, but I think Pete mentioned that the fight between WDW and Universal is about dollars and Disney seems more interested on developing and building brick and mortar assets over the talent they have working for them.
     
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  9. Tonyz

    Tonyz How do ya do? Pretty good, sure as you're born!

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    Tax breaks or not Disney should definitely raise wages... at least cast member and Imagineers wages.
     
  10. rteetz

    rteetz Rumors and News Moderator Moderator

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    Imagineers (for the most part) get paid quite well.
     
  11. Tonyz

    Tonyz How do ya do? Pretty good, sure as you're born!

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    Good to know. I honestly had no idea if they were or not.

    But they still deserve a raise!
     
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  12. OKW Lover

    OKW Lover Retired and living 2 miles from The Castle. DIS Lifetime Sponsor

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    In corporate decision making there is no link between a tax cut and employee salaries. Disney will make the best use of the extra funds from the tax break that it can find.
    • If it makes more sense to invest in theme park hard assets then that's where it will go.
    • If it makes more sense to invest in new IP, then that's where it will go.
    • If it makes more sense to invest in ongoing operations (including salaries) then that's where it goes.
    • If it makes more sense to acquire new media outlets then that's where it goes.
     
  13. OKW Lover

    OKW Lover Retired and living 2 miles from The Castle. DIS Lifetime Sponsor

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    Don't we all. But how would we know if these particular individuals deserve a raise?
     
  14. TheMaxRebo

    TheMaxRebo DIS Veteran

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    Fully agree - though it does seem that a number of companies are using this as an excuse to garner some good PR and positive feelings by connecting raises and bonuses to the tax cut - probably also a way of deflecting a lot of sentiments that the tax plan only favors corporations and the rich "well, the media says it only helps corporations and the rich, but b/c of it I got a raise so can't be all that bad"
     
  15. hertamaniac

    hertamaniac Give me 95 degrees everyday

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    Would be nice if they could fractionally increase the dividend payout to shareholders too.
     
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  16. Ghostridethedolewhip

    Ghostridethedolewhip Mouseketeer

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    I am tired of certain podcasts and people on them that continuously bash companies and Disney since they will not just hand out money. I am for giving those who deserve based on skills, talents, and performance raises, but Disney is a public company and owes it to their shareholders to control expenses. Most companies maybe give out 3% annual raises and these are very profitable and good companies. Stop with the political views and stick to entertaining. Give facts about what is going on but don't bash Disney and at the same time try to profit from talking about it.
     
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  17. Tonyz

    Tonyz How do ya do? Pretty good, sure as you're born!

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    If they worked on Pandora, double their salary.
     
  18. *NikkiBell*

    *NikkiBell* The WDW Merchandise Walking Bible

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    :rotfl2::rotfl2::rotfl2:

    Doubt it.
     
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  19. Kingdome8

    Kingdome8 DIS Veteran

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    My employer gave 1000 bonuses.
    Great to pass along to employees who will turn around and spend it as well.

    It’s a great opportunity for companies to give more to employees and be able to build and hire more.
     
  20. disneyland_is_magic

    disneyland_is_magic DIS Veteran

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    Sorry, foolish question.
    I was wondering more how Disney would be affected (if at all) by the one time option in the tax bill for 12% repatriation tax?
     
    Last edited: Dec 24, 2017
  21. disneyholic family

    disneyholic family disney on my mind....

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    i believe the rate in the approved version of the tax bill is 15.5% not 12%.
    Still a good deal for companies wanting to repatriate profits.....
    and probably many large corporations with huge pots of money overseas will take advantage of it (e.g. Apple).
    as for disney, does it have much overseas profits that they want to bring back? i'm asking...i don't know the answer to the question.
     

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