Originally Posted by
Itsajob
Where do the cost of benefits, and having to match FICA taxes enter your example? There is more to employee cost than just hours times the rate.
the average person is getting paid between 30-40% less just by dropping to minimums. But with the remaining people averaging about 60k a year that leaves 20 million in taxes and benefits. After everything they might be braking even in personal cost. Only money going out is pure overhead which they are bringing in. Uncle Sam is pretty much covering the entire operation.