Yup. For someone to take home €36k in Italy, the employer has to lay out €88k.
I wonder why small businesses here are dying? 🤔
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Crazy
No wonder there's no growth in Europe holy shit
That’s insane 🙄
Not just a Italian problem, it's a European problem and it seems we are not fixing it, but making it from year to year worse. It's maybe killing the (imho) good idea behind the European union.
insanity
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That’s insane!
And France still managed to be champion of crazyness
The most important graphic, showing why employees struggle. First their currency is shit and then their salary is taxed to hell!
Yup. For someone to take home €36k in Italy, the employer has to lay out €88k.
I wonder why small businesses here are dying? 🤔
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It's global warming, obviously.
Here it is sorted by net salary % considering the total
Italy is the biggest offender.
Italy is the biggest offender.
Should be in the dictionary under Socialism. I’d be interested in seeing something like that for the US States.
Didn't expect to be Denmark so low on this list regarding employee costs...
Looks like Bulgaria's the place to be?
Wages stagnate, inflation shrinks our purchasing power for food and basic needs.
#systemfailures and bad incentives.
Nostriches #bitcoining their way out! 🤙🍊⚡️
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Never employ anyone in Italy, understood, thanks Giorgia 👍🏻
Government parasites are the probable cause.
They have an orange pill that slowly kills those parasites..
Or France, obviously
And then the level of service you get for your money is so bad, at least in Germany… I am trying to get out of gov. social security for that reason, but they make it hard for you
There is an option to do that? Good for you.
This will end well. Entrepreneurs have clear incentives to go underground and support parallel structures.
Insane how so many free markets and "free" countries are blatantly anti-capitalism
That’s the story here too. Cuts in the services every single year. But somehow higher costs.
Money is going to your pension fund, right? Is this not „taking it home“? In Switzerland at least a big part of the blue bar is pension fund. This is your own money, bound to one of the following four causes:
- found a company
- buy a home
- retire
- emigrate
When the state takes more than the worker, you know the system is broken. No wonder entrepreneurship is suffocating across Europe.
Pension and social security is the biggest pyramid scheme. I'm an immigrant worker, and so far 2 different countries have basically kept my pension contributions without any reassurance or a clear way for me to access it, and the 3rd country where I spent the most time (8+ yrs) forces me to pay for social security, but when I need that security, I'm ineligible for the benefits. I'm quite certain they'll screw me over on the pension as well by changing the rules later.
No thank you, I'll manage my own security, and my own retirement. I don't need no state interfering.
Bingo, 10% flat tax and capped deductions
* but very corrupt gov and mostly idiots, the quality people left long time ago, speaking as of them.
This table makes it look like Denmark is an ancap state.
What happens is that in Denmark, 60.000 eur does not make you rich, more the opposite, so state takes a little bit less.
A very effective way for states to get a lot of revenue is letting their citizens get rich.
60k there is peanuts. State diet not take many taxes from "poor" people.
The welfare (of the) state
Meanwhile Switzerland: Net expense 68 k to take home 50 k. 😎 🇨🇭
Even big companies are not in great shape here, the only business that can proliferate is the state, and his para-statalists orgs (that are someway masked as private companies).
Wow
France is often numver one when it's in a negative way.
Bulgaria number 1! I would I never thought.
But to be honest we should also count the average remaining after tax, I guess Switzerland will be number one, but not sure.
And maybe what you can buy with this.
So many parameters, so many unique senarios.
half communism. well, a little bit more than half.
Free stuff. Wow. Socialism. Poverty for all! 🤯
Would you simply neglect people who cannot plan or handle money?
Historically it was a huge problem (in Switzerland before 1948) that old people did not have savings.
What would you do instead of pension?
Very interesting chart
i’ve hired plenty of people before.
in my new business? no hires. not worth it.
in europe, 1 employee means 80–100k total cost.
i’d rather automate everything, stay lean, and pocket profit earlier.
I would like the option to opt-out. As in my examples, if I can't access it, I should not be forced to contribute to it.
I see. Which were the countries that keep pension from you?
Canada and Switzerland
Can you tell me more about the Swiss case? I wonder how they can keep pension from you.
I'll DM you