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With the current corporate drive to make their employees "contractors"
that is not an unreasonable approach. I haven't seen a W2 in a decade. ************* Ain't it the truth! Saving about 7.5% of wage cost by transferring that expense to the "contractor" would be incentive enough for most firms- but then throw in the savings from offering no health benefits, no payment for vacations or holidays, no company pension or 401K match, etc, and the savings probably approach 20%. But the good news? We contractors get paid for what we produce, not for how long we spend producing it. :-) If you haven't seen a W2 in a decade, it's been 10 years since you've had to say, "Yes, boss". Besides, its a lot easier to get paid what you're worth when the "employer" doesn't start weeping a river of tears over the cost of fringe benefits, etc, when its time to negotiate a raise. At least we contractors get to moan, for a change, about how SS takes 15% off the top. Certain workers get screwed by the contractor definition, however. They still effectively punch a clock, get told where, when, and how to work, and have to put up with the corporate bs. That's a misuse of the "contractor" definition, and becoming more common every year. |
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