Archive for employment benefits
Social programs create their own need and demand for the very services they provide. Here are a few examples: Social Security – Since people know they would be receiving a social security check upon retirement, they are less likely to fully save for it on their own. Why would they? It would be completely self defeating to save for a portion of your retirement if you know it’s going to be covered by the government. Child Welfare Payments – If a mother on welfare receives... Read More→
How Mandatory Employment Benefits Hurt the Poor and Middle Class
Posted by: Capitalist in Chief | Comments (0)Mandatory employment benefits are government or union required extras an employer must pay in order to keep an employee. Those include minimum wage, payroll taxes, vacation time, family leave, insurance, severance, etc. The typical socialist narrative is that we must protect the rights of the employee at the expense of the profits of the evil, greedy business owners. However, what they don’t tell you is that employee benefits not only come at the expense of business profits, but also come... Read More→