- Apr 10, 2013
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- #41
No customers make you money, employees are an expense. The net cost difference maybe fired employees or some reduced to part-time in order to defeat the cost increase. The difference you asked for is about 30% more, two thirds of that is the wage increase itself, then there is the additional taxes and benefits paid by employers
Who serves the customers? Would you have customers if you didn't have employees? Do your customers return because you hired correctly? My employees are responsible for new and renewal of contracts.
The net cost (depending on tax structure) is 3% to 10%.