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Interesting stuff. I guess those 37 jobs will nudge the unemployment rate up by .000001% or something. Anyway, it seems we're not doing too badly compared to the rest of the country, despite the economy.
If we assume 37 employees * 2280 hours worked (200 Ot) * 17.75 * 80% (after taxes), and we assume 20% of net is personal discretionary spending, PTR's impact is 250k per year.
At 300 mill annually to Ct in taxes, the casinos need 7 hours and 18 minutes to match PTR's annual economic impact.
If we assume 37 employees * 2280 hours worked (200 Ot) * 17.75 * 80% (after taxes), and we assume 20% of net is personal discretionary spending, PTR's impact is 250k per year.
At 300 mill annually to Ct in taxes, the casinos need 7 hours and 18 minutes to match PTR's annual economic impact.
On the bright side, PTR need not file a WARN act notice. They are below the minimum threshhold required by law.
Ct , no doubt, lost more sales tax while stores were closed due to Hurricane Sandy, than PTR would generate over the next decade.
37 employees and calling a press conference to say "We're leaving." We had a family Italian restaurant close recently , suddenly, due to owner's health issues. No press conference-more employees involved, and with tips, a much higher median wage lost.
This p/r campaign truly outsmarted the media-it's all about gettiong PTR bigger. Who knows-by 2020, they may be up to 39 employees.
What scares me is this-doesn't the media fact-check anymore? PTR has SC talking 140 jobs, while its CEO (at that size, most likely the mailroom clerk, too) writes a letter to Ct warning they may move and stating his headcount at 37.
I understand Fox would not have brought it up if they discovered it (and it took me 10 minutes on google to find the letter), but what about CNN, MSNBC, etc?
Perhaps 140 was the average weight of each employee, but the headcount is 37.
Some weapons were banned, so moving their company to SC and displacing employees accomplished exactly what, they still cannot sell certain firearms in CT. Seems more of a publicity stunt to draw attention while reducing operational cost and salary.
How do you suppose things might go if someday they need a variance to expand their operations in an anti-gun state? What they've accomplished exactly is a big to a bunch of anti-gun nanny state moonbats.
Last edited by CaseyB; 06-21-2013 at 03:03 PM..
Reason: language
Obviously you can't speak for the whole state but in terms of speaking for yourself you guessed right (for once).
How terribly clever! Did you think of that one all by yourself?
I know you had to say something, of course, and since frothing at the mouth about LIBURRRRTEEE and poor CT that had destroyed itself by being a bunch of stupid commies is clearly no longer anything but a dream for you folks, now that the actual facts are out, so the above was all you had left.
Last edited by CaseyB; 06-21-2013 at 03:04 PM..
Reason: language/rude
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