This obama spread the wealth tax plan scares me
I work for a car dealer and this tax plan is going to force them to get rid of as much of the support staff as possible, people such as hourly oil change techs and shop helpers, porters, shuttle drivers, service writers and office personal are on the chopping block..
They won't get rid of me or the other flat rate techs because we cost them nothing to keep since we only get paid a percentage of what we make for the company BUT my job will be a lot harder when I have to do a lot of stuff for free that support staff used to do for us.
We were supposed to get about 60k in new equipment for the shop and thats been canceled in prep for the tax increases.. Plus they are pretty much freezing the pay rate, raises are going to be hard to come by..
BTW right now with the current lower taxes we are making some profit, ford service and parts is making money.. I think chevy service and parts are making money but sales is way down but new car sales is very low profit anyways.. but when you don't sell cars you also can't sell the highly profitable add-on's such as warranties and financing and accessories.
This could be the final nail in the coffin for many car dealers struggling to hang on.. That might be a good thing for the industry in the long run but it will cause many people to go unemployed
I personally should be ok since ford dealers that do remain open will still need trained and certified techs like me to be able to get paid for warranty work..
the down side is as more dealers close due to the poor economy and tax increases my value drops since the amount of senior master techs available will exceed the amount needed to keep shop competency and many shops will still want to keep some of the cheaper non certified guys around to lower costs..