Interesting article from CNN money written from the employer point of view.
The silent job killer: Our unemployment system
And the problem in a nutshell…
The Marsh-Newnam partnership has all the makings of a grassroots business story that — stitched with thousands of others — could aid an American jobs revival. Except for one thing: Marsh isn’t hiring. He’s being killed by unemployment taxes that are on their way to quadrupling since 2009. When new business comes calling, Marsh says, “I have to ask myself if there’s another way to meet production needs without adding employees.” He would rather pay overtime than shell out a per-worker tax of $900 (up from $270 three years ago) that is slated to rise to about $1,100 in 2014.
Rising unemployment taxes.
