this is an old screed... FEDEX employs local delivery drivers that are treated as independent contractors so they don't have to consider them regular employees with the extra overhead.
If McDonalds payed more corporate tax to pay for the social programs that fall on the individual taxpayer because of their low wages it might make sense but they don't. Large corporations pay little tax.
The 7.5% FICA cost burden is very small compared to other benefits most companies provide to employees (healthcare, dental, vision subsidies, cafeteria, 401(k) matching, bonus, life insurance, etc.). Typical fully burdened cost of an employee is nearly double the base salary. If you're self-employed you've got to charge enough to cover those other expenses.
Then the company passes it along to the customer who either buys less or asks his employer for a raise and the cycle continues.
They passed AB5 a couple of years back. It really effed up many existing industries where there are thousands of independent contractors who want to remain independent. But the CA Nanny State, run by career politicians who have never worked in private industry, knows best.
That sounds like paying what it actually costs. If charging what it costs causes the company to go belly up that’s fine too. I’d rather have that than corporate welfare. Let someone who can run a business take a shot.
Nope we are not. That I know.
I get what you are saying but that is not the case here. A b.s. on a cv got him here, it will weed him out in time. While stretching the truth is common on a cv, a full on lie will get you found out in time. Give someone enough rope and they will hang themselves
"What it costs" according to what standard? If it's a moveable business and local regs drive costs up, the business will go elsewhere (possibly offshore). If it isn't moveable, the business may fold, reducing local competition and allowing others to raise prices.
Exactly.
If your standard is that flipping burgers at McDonald's should pay enough to raise a family then the economy will be wrecked. Unintended consequences will eat your lunch.
An unintended consequence of these policies is to give big business another advantage over small businesses that will help them gain market share and suppress competition. Crony capitalism is big business partnering with big government.
I have read a few post apocalyptic books, but not Hopf. Yet. He's on the list to try out. Next up is probably Cormac McCarthy's "The Road." But I think that quote is accurate.
Sheesh ! Spot on. It became a career when real jobs shifted to other countries, and Google/YouTube, Amazon and other vendors started paying folks for talking about stuff to buy and linking to their sale web sites as a form of advertising - and I do not like it. Every kid with a video camera is now a stinking expert on ... everything they can talk about. Just awful. ... (further rant deleted!) James
I remember reading somewhere or maybe I watched it a video, that around 50% of kids these days claim that they would like to be "professional" YouTubers. Sad times indeed
