Hanwadikar, Ashish: Ashish's Niti
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Description: A libertarian weblog with views and commentary on news related to political and economic events of the day.
Niti in Sanskrit means policy, strategy or vision. This blog hosts my views and commentary on political and economic matters. The employer mandate provision included in the requires employers to either provide health insurance (with upto 72.5% of the premiums) to all employees or pay an additional payroll tax. Based on the average employer-based family plans cost of $12,700 in 2008, it means additional $8,255 per employee per year. Dividing by the number of hours worked in a year (40 hours per week * 50 week), we get additional hourly wage increase of approximately $4 per hour. The current federal minimum wage is $7.25 per hour. Thus, the employer mandate effectively increases the minimum wage by more than 50%. Wonder what that will that do the already high unemployment ratio of more than 9%!
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| Description: | <a href="http://feeds.feedburner.com/AshishsNiti"><img alt="" src="http://www.feedburner.com/fb/images/pub/feed-icon16x16.png"></a>Niti in Sanskrit means policy, strategy or vision. This blog hosts my views and commentary on political and economic matters. <hr> <script type="text/javascript"><!-- google_ad_client = "pub-0098604340895184"; google_ad_width = 728; google_ad_height = 15; google_ad_format = "728x15_0ads_al_s"; //2007-01-10: RedBanner google_ad_channel = "8329459177"; google_color_border = "000000"; google_color_bg = "940F04"; google_color_link = "0000FF"; google_color_text = "000000"; google_color_url = "008000"; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> |
| IP-address: | 204.9.177.195 |
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| Date | Creation Date: 31-mar-2003 Expiration Date: 31-mar-2015 |