Are we somewhat confusing "hourly" with "salary"?
I mean, it's relatively easy to figure out an hourly rate from salary. Just salary divided by 2080. So per s_stabeler's information, that breaks down to $22/hour. "Time and a half" would, therefore, be $33/hour.
I could, in theory, see some companies lowering salaries and still working their employees 50 hours a week.
I mean, you could take someone making $65K per year, drop them down to the $47,476, make them work 50 hours a week, and still come out ahead.
I think this is why some people like to do independent contracting. Even though it's more of a hassle as far as the contracts, taxes, health insurance, and so forth. That, and they can charge LARGE sums per hour, work a bunch of hours, and make a LOT of money doing their own thing.
Consider a contractor who charges $125/hour for their services. If they worked "full time", their potential salary (before taxes and such) is $260,000/yr. Even at 10 hours a week, that's $65,000 per year -- before taxes and such.
And "independent contractors" can (and often will) work longer hours, because they're getting paid more, generally. But often that's because they want to, not because they have to.
I mean, it's relatively easy to figure out an hourly rate from salary. Just salary divided by 2080. So per s_stabeler's information, that breaks down to $22/hour. "Time and a half" would, therefore, be $33/hour.
I could, in theory, see some companies lowering salaries and still working their employees 50 hours a week.
I mean, you could take someone making $65K per year, drop them down to the $47,476, make them work 50 hours a week, and still come out ahead.
I think this is why some people like to do independent contracting. Even though it's more of a hassle as far as the contracts, taxes, health insurance, and so forth. That, and they can charge LARGE sums per hour, work a bunch of hours, and make a LOT of money doing their own thing.
Consider a contractor who charges $125/hour for their services. If they worked "full time", their potential salary (before taxes and such) is $260,000/yr. Even at 10 hours a week, that's $65,000 per year -- before taxes and such.
And "independent contractors" can (and often will) work longer hours, because they're getting paid more, generally. But often that's because they want to, not because they have to.
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