Saturday, October 27, 2012

Jobs

Disregarding the absurdly high business tax burdens in our country, if you have a couple hours to waste look online at the laws with which an employer must comply if they have more than 50 employees. The search results are staggering, but you have to look at many resources to find all the requirements - ranging anywhere from Family Medical Leave to required sexual harassment training to the impossible OSHA laws. I'm beginning to understand China's success more and more. Now, look at either the direct insurance costs or the fines which have been enacted under Obamacare for companies with over 50 employees. Jobs??? It would take a fool to want to increase a small business to beyond 50 employees in this country. The cost of tax accountants pales in comparison to the human resource (similar to personnel, but has a better ring) expenses for an employer to try to comply with the laws of this land. I wish Romney's handlers had seized an opportunity to eloquently present some of the genuine issues which are stumbling blocks to employment growth.

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