You have zero clue the cost associated with employing someone. Most employees believe money grows on trees, and never stop to consider that they have to make the business owner at least 150% of their wage to be profitable. Obviously union since you mentioned a contract. What percentage of your dues wind up in the coffers of the democrat party?
Let's see,
match my SS,
Workers Comp (not current on price, but it's dam expensive)
$2.51/hr into pension
80% of the over $20k for insurance
Pretty sure in our case it's not 150% to cover cost and start earning, but it's
substantial. We used to have an annua "State of the Company" meeting.
Along with brochures with breakdowns showing it all.
Also they would present the Company finances, no $#s.
But percentages. Products, machines, raw materials......
Geek that I am I enjoyed all that.