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.
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