However, Employers are smart enough to figure the “cost” of the employee it is
Wages, Salaries +
Employee Payroll Taxes +
Health Care (in some cases) +
Unemployment Insurance
If for example, you remove BOTH 7.5 then the employer can raise the wage, and/or the employee negoitiate a higher rate.
For example the first year it's implemented, i would expect a 7.5% rasise, at least. If not, I would look for another employer (change jobs) for the increase.
That's the way COMPETITION works. It’s called Capitalism, it works every time. Big Government does not. Now the question is -- do we believe in Free Enterprise and the Capitalist system or Socialism and Big Government?
I am convinced that the biggest critics of this plan don’t have a CLUE about business.
My husband and I have a small business and employ 50 individuals. We have already crunched the numbers, and my husband added the 7.65% back in WITHOUT MY MENTIONING IT. It was a no-brainer, it IS their compensation.
We also realized through figuring out the numbers that we would be able to grow our business, which means jobs.