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J. Reed Anderson

Never mentioned, Peg, by journalists or even economists, is an hourly wage is more than just the wage. Never does anyone add to the dollar amount the employer's cost of FICA, Workers' Comp Insurance, SUTA, FUTA, and the cost of compliance. Nor does anyone mention that the hourly wage, plus all of the taxes, is paid before the employer pays himself.


J. Reed - all so very true.

My husband used to have his own business. Many don't understand the risk and burden of being the owner. One year, competition came in and undercut prices severely to gain market share. His income went down about 80%!! Too many on salaries have no clue what all is involved.....

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