Correct. And you are one of the few who understand that when a wage goes up a certain percent, the list you put up also goes up that percent.
It isnt he wages that kills, its the government mandated taxes UC insurances, WC insurances, etc that kill.
In my former business, My WC insurance was 54.50 cents per one hundred. My UC insurance was 7.5%. And of course the FICA was about 7% for my share. Then came the Med care and all the rest. So I would in fact pay an additional 80 to 90 cents per dollar the employee made. So a employee who pulled a 500 dollar check would in fact cost me 900 dollars.
Couldnt do it, I quit since I could not pass a share of the cost down.
Thanks for the information about your own experiences.
As you point out, a business will pass along their costs of doing business, to their customers. Otherwise they won’t be in business very long.
Just a quick anecdote to illustrate this. I sometimes get a combo meal at a major fast food chain, which costs me about $7.50 here in high tax California.
I was traveling back east last year, and pulled in a drive thru of the same fast food chain, and ordered the same meal. The cost there was $4.35. I believe that was in West Virginia.