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To: FredZarguna
If you think employers pay for an any employee related expense or benefit, I have a really nice bridge in the south part of Manhattan Island I'd love you to meet with my realtor to have a look at...

Many, Many people do not know how a payroll expense is figured....they think that you set aside the $15.00 per hour and then pick up whatever expenses that there are involved with having an employee. That is one of the major reasons that small business failures are so high. In reality, an employer says I can afford $30 per hour for help. Out of that $30 comes unemployment ins, 1/2 FICA, vacation allowance, liability ins., health ins., and what is left of the $30, the employee gets.

72 posted on 08/18/2015 6:37:16 PM PDT by terycarl (COMMON SENSE PREVAILS OVER ALL)
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To: terycarl
That's correct, and that is exactly the point I am making. The labor cost, and the value you expect in return, is what it is. You can't raise prices to offset when somebody in Singapore or Mumbai or Hong Kong is breathing down your neck.

And what most liberal idiots -- and apparently altogether too many FReepers do not realize -- is when the money is spent by regulatory or compliance costs, it means fewer employees. But you must get the same dollar return from those who remain, since you can't raise prices to customers. What does that mean? That the productivity of those who remain must increase. Effectively, everybody who still has a job when the government music stops must pay the cost of their new "freebies."

85 posted on 08/18/2015 8:40:06 PM PDT by FredZarguna ( "I pulled the lever on the machine, but the Clark Bar didn't COME OUT!!!")
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