Ã‚· Employer costs for employee compensation averaged $24.96 per hour worked;
Ã‚· Wages and salaries, which averaged $17.70, accounting for 70.9% of costs;
Ã‚· Benefits, averaging $7.26, accounted for the remaining 29.1%;
Ã‚· Costs for *legally required benefits averaged $2.03 per hour 8.1%
(Note that represents the largest non-wage employer cost).
Ã‚· Life, health, and disability insurance benefits averaged $1.93 (7.7%);
Ã‚· Paid leave **benefits was $1.66 (6.6%);
Ã‚· Retirement and savings benefits averaged $1.01 (4.1%).
That’s $56.55 per hour. No wonder President Bush can’t create more jobs!
Update: I just add up the numbers in the left column. . . .
It reminds me of the P.J. O’Rourke spiel about why only he and I pay all the income taxes from Parliament of Whores.