Why business isn't hiring

Michael P. Fleisher, president of Bogen Communications Inc. in Ramsey, N.J., explains how much it costs, adding up the various taxes and fees, to employ an average worker, call her Sally, in New Jersey:

When you add it all up, it costs $74,000 to put $44,000 in Sally's pocket and to give her $12,000 in benefits. Bottom line: Governments impose a 33% surtax on Sally's job each year.

He concludes:

A life in business is filled with uncertainties, but I can be quite sure that every time I hire someone my obligations to the government go up. From where I sit, the government's message is unmistakable: Creating a new job carries a punishing price. [Emph. added]

RTWT for the details.

Pres. Obama's economic initiatives, particularly Obamacare, seem aimed at making the costs of employing a worker not merely higher but also more uncertain and, hence, risky.

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