The true cost of hiring just one employee
I have talked about this until I am blue in the face. But when I heard financial wizard and former actor, Wayne Rogers, put it all down in numbers, I just had to record and present. Those of you who have never run a business, never created a job, never met a payroll, never sweated out accounts payables while waiting for accounts receivables … this mean you guys in the White House … listen up.
For the rest of you you might understand why business isn’t hiring and why taxing business is bad for the average worker. The tax system is not meant to punish, but in this “get even” mentality that’s exactly what our tax system has become. Remember this is the President during the debates who told John Gibson it just didn’t matter if cutting capital gains taxes increased revenue … what mattered was … “social justice”. Well here’s some social justice for you. I left in the Center for National Policy comeback for kicks. Watch how he ignores everything Wayne, a small businessman, says.
There is nothing compassionate about keeping unemployment high in the name of revenge on business. Left to his own “punish business” devices, this President will destroy employment opportunity for the very people he is supposedly trying to help. This is what change looks like.
Why not just pay the employee his salary, minus, of course, the government's cut (or what I like to call "protection money") and let the employee simply shop for his/her own insurance? The benefits are many: the employee knows exactly what it costs for insurance and won't misuse it, they can buy exactly how much they want, they will drive the price down by competition, they won't be bound to any one job just to get the health insurance, and they won't have a lapse in coverage if they are laid off/fired/resign. The employer benefits from reduced paperwork etc., which means reduced costs and makes them more competitive.
As for Dorsey, he works at non profits and has a B.S. in International Relations, Georgetown University School of Foreign Service. I wonder how many companies he has run, or is it all just theoretical to him?
wow….Christian sure had his talking points! I reeeeeeally like how Tracy didn't let him continue with his misleading information and "cut him off" because she rejected the false premise that it's gotten cheaper for employers during this recession. Reminds me (vaguely) of someone I listen to from 9 a.m. – noon Mondays thru Fridays… 🙂 If they're lyin' to push an agenda, pull the plug.
I am one of those small businesses. Do we want to hire? You bet! Can we afford it? Don't bet on it!
Has it gotten cheaper for us as a small business? NO! Well, then again, yes, if you consider we did not hire anyone.
The lack of logic from the left is dumbfounding!
I also work for a small business here in CT, and we'd love to hire additional personal for what we do, we can't, and I imagine part of it is because of the cost of doing so. We actually changed health care plans to try and save a bit of money on that front, and we're even doing some sort of "research study" on the hours we spend on new products to grab some other tax credit so that we can maybe afford to hire another person. It completely sucks because I double as two to three people sometimes with what I do. I'm happy to be working, don't get me wrong, but I definitely understand the plight of small businesses a lot more working for one than when I was working for corporate chains in the service industry years ago.