So, I get a note from the Maryland Unemployment Insurance fund that because they are running low on funds (due to high claims), they are raising taxes on employers.
As a business owner, here’s how I think about it.
“Ok, it just got more expensive for me to hire someone, so I will hold back.”
Now, personally, I don’t want any employees, I prefer the Free Agent Nation (disclosure: client) model of working with sub-contractors, but when I think about margins and profitability, I see this angle and it gives me pause.
When you raise taxes on employers, you are slowing down the very process you need to speed up to get more people off unemployment.
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