Why employment is dead in the water. “For most businesses, overhead costs 50% to 100% of total employee compensation–wages plus benefits and payroll taxes. So adding another employee to gross 20% more doesn’t make it worthwhile–it actually generates a loss once overhead costs are paid.” Profits? Costs? Overhead? This is a foreign language to academics and politicians, to whom money apparently grows on trees along with the unicorn steaks.

{ 18 comments… read them below or add one }

deepthinker January 28, 2013 at 7:40 am

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This is why academia should be forced to actually leave their sheltered lives, work in the private sector for at least 2 consecutive years, then just maybe they would understand that all if their lectures are fantasies and bull shit.

As for the dim wit politicians, they are a lost cause and the sooner everyone that votes D for dumbass realize it. The sooner they can get a grip on reality and begin the process of becoming self reliant.

jcrowley1985 January 28, 2013 at 7:42 am

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PsychoDad January 28, 2013 at 7:46 am

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Shut up, creepycrawley

ooddballz January 28, 2013 at 8:21 am

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of course you do, but you are a moron.

Bonfire of the Absurdities January 28, 2013 at 9:08 am

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Did you read the article? He’s not talking about hiring by large corporations, he’s talking about the effect of Fed and government policies on small businesses, which provide the majority of new jobs in the country. Ron Paul would likely agree with his assessment, given that, as a physician, he once was a small businessman himself.

poppajoe49 January 28, 2013 at 1:43 pm

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You’re trying to explain something more complicated than opening a bag of Cheetos to johnny one note?
Waste of time.

Joe January 28, 2013 at 10:43 pm

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Opening bags of Cheetos? You should know better… his mom does that for him.

jcrowley1985 January 29, 2013 at 4:26 am

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GhostntheMachine January 29, 2013 at 4:34 am

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Good for you, I had no idea you live & work on a farm, may have to reassess.

poppajoe49 January 29, 2013 at 5:12 am

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Work? LMFAO!!!

Sidekick January 29, 2013 at 4:39 am

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Of course you do. Lying on top of sloth?

jcrowley1985 January 29, 2013 at 4:43 am

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sa_rose February 1, 2013 at 10:40 pm

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Shut up. You can’t “call” libel on anything. Idiot.

poppajoe49 January 29, 2013 at 5:11 am

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TURDS!

flashingscotsman January 29, 2013 at 9:18 am

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TD,…………………….MO.

sa_rose February 1, 2013 at 10:39 pm

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Give you a hint sweetie. Even if you are eating 100% certified Organic food you are still eating crap with pesticides and fertilizers on it. You are SOOOOOOOOOOOOOOOO gullible and stupid!

sa_rose February 1, 2013 at 10:09 pm

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And you truly don’t want to know what worthless business people Doctors are. That’s why the smallest practice has a business manager, even if its just the Dr.’s wife. They may be brilliant in their field, but business? Not so much. SO WHY the hell would we elect an old, ineffective DOCTOR to do anything. There are plenty of stupid people in goverment already. MORE than our fair share.

sa_rose February 1, 2013 at 10:04 pm

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Or it could be just stupid, unthinking morons. Like you!