Kimberly's thoughts

The very strong thoughts of a highly opinionated 30-something woman.

Monday, April 10, 2006

Illegal Aliens and the Unemployed US, who really wins?

2080 hours/year * 5.15/minimum wage = 10,712.00
Federal Social Security Taxes (paid on behalf of employee) 7.5% x 10,712.00 = 803.40
Unemployment insurance taxes (paid on first 8500/year) 2.70 * 8500 = 229.50
Approx cost of benefits per employee: (from http://data.bls.gov/cgi-bin/surveymost) 7.00 * 10,712.00 = 749.84
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Total annual cost per employee (approx.) = 12,494.74

Total Salary paid to illegal alien (this I have to approx. from various sources, but let's just say they pay as much as 80%, which I seriously doubt. From what I have read, while they may pay a daily/weekly rate higher than that of an employee, they work them many
more hours, so the hourly rate is significantly less.)

So, 80% of 10,712.00 = 8569.60

Now, let's consider that the company requires 200 employees:

200 * 12,494.74 = 2,498,948.00 legally employed
200 * 8569.60 = 1,713,920.00 illegally employed

Savings for the big company: 785,028.00 a year.

You tell me now, who should be reprimanded about the illegal alien situation in this country. The illegal aliens who are trying to
support their families, or the get-rich CEO/tycoons pocketing all of this extra money each year by NOT having legal employees.

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