Corporate president explains, “Why I’m Not Hiring.”

Meet Sally (not her real name; details changed to preserve privacy).

Sally is a terrific employee, and she happens to be the median person in terms of base pay among the 83 people at my little company in New Jersey, where we provide audio systems for use in educational, commercial and industrial settings.

She’s been with us for over 15 years. She’s a high school graduate with some specialized training.

She makes $59,000 a year—on paper. In reality, she makes only $44,000 a year because $15,000 is taken from her thanks to various deductions and taxes, all of which form the steep, sad slope between gross and net pay.

Read more. (It gets pretty ugly!)