20,000 Reasons Not to Hire Someone
5th February 2010
After my last post, some readers suggested that I was exaggerating the potential cost of paying unemployment insurance when you hire the wrong person. Fred from Florida wrote, “Payroll tax rates that fund unemployment insurance are affected by the company’s history, but it’s not a dollar for dollar payout.” Actually, in Illinois, it’s even worse.
Don’t look to government to help the unemployment crisis — it’s best at prolonging it, as Amity Schlaes has demonstrated with FDR and the Great Depression.