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by silverlake 134 days ago
The true cost of labor is paid for by taxes. The bottom 50% in the US pay little to negative taxes due to government benefits. Most taxes are paid by the rich. Therefore, the true cost of labor is paid for by the rich, rather than by consumers in the form of higher prices.
1 comments

That always ignore the 8.5%% everyone pays in taxes for FICA that really just goes into the general fund - or the additional 8.1% in taxes that your employer pays in on your behalf. If you are an independent contractor - like even an uber driver is - you pay the entire 16.2%