The notion that an employee's pay would have automatically been 6% higher absent the employer's SS contribution is quite a stretch.
More likely the amount of the employer contribution would have simply increased the employer's pre-tax income.
Actually, people like me and Mr G, who are self employed, have been picking up the whole amount, so my income would have been 12% higher. And the amount is actually 15.6% now, for SS and medicare. 15.6% times 40 years would be quite a nice nest egg, thankyouverymuch.
The notion that an employee’s pay would have automatically been 6% higher absent the employer’s SS contribution is quite a stretch.
Thanks for the leftist talking point.
I don't think anybody has said that employees would have automatically gotten the other 6% as a salary increase. That money, though, could have been used to grow the business, benefiting both the company and its employees.