But that is simply not in the cards for me. I would love to have help in a lot of the simple, low tech tasks that I have to do myself. I could easily show a reliable but entry level skilled person how to do a lot of things that would free me up to concentrate on the skilled tasks of my business that I have spent a lifetime honing.
Not going to happen. The daunting requirements of the federal government are simply too overwhelming and potentially fatal to my business. If I were to hire just a single guy (or gal), I would be putting my entire business at risk of going under, considering the following:
- The current federally mandated minimum wage here in Illinois is $8.25/hour, and this amount simply doesn't justify me taking on anyone full time. Paying the wage itself would be OK, but that is not the only requirement levied by the feds.
- I would also have to pay FICA taxes on any payroll expenditures, in addition to Medicare and unemployment taxes
- Unless I hired the absolute perfect person, who never got sick or hurt, pregnant or otherwise decided to pull some sort of skulduggery as an employee, they could drag me into court over the least little beef they have with their job and ultimately tank my business.
- And God forbid I have to deal with providing somebody with health insurance, forget that, I have plenty of headaches just providing my own dang health insurance.
- Keeping the records of this employee that are mandated by the federal government, to include hours, wages paid, W-2s, would take me away the things that I do best. Just too much hassle, although I really need the help.
I just can't risk hiring anybody, even though hiring a single person would probably increase my productivity by maybe 50% or more. But that increase in productivity would not be worth the risk of that employee going south on me, and actively trying to destroy me with any myriad of potential bombs provided to them by the federal government regarding employment regulations.
And the above is just anecdotal evidence that I see with my own business. Multiply this by the entire American economy, and you can understand why we as a national economy are just crawling along at 2% growth, if that. Hiring people is just too dang risky, it can destroy a business if they are not extremely careful as to who they take on.
Now with the specter of a minimum wage being jacked up to $15 an hour hanging over small business owner's heads, there is absolutely no way I can even dream of hiring anybody, even though I would truly love to expand my business.
I just can't risk it. I just can't get in bed with the federal government. They would destroy me without even trying.