http://www.bls.gov/news.release/pdf/ecec.pdf"Private industry employers spent an average of $28.13 per hour worked for employee compensation in June 2011, the U.S. Bureau of Labor Statistics reported today. Wages and salaries averaged $19.81 per hour worked and accounted for 70.4 percent of these costs, while benefits averaged $8.32 and accounted for the remaining 29.6 percent. Total compensation costs for state and local government workers averaged $40.40 per hour worked in June 2011. Total compensation costs for civilian workers, which include private industry and state and local government workers, averaged $29.98 per hour worked in June 2011.
I wonder if that has anything to do with why this country is broke. But yeah, there's nowhere to cut spending and the only answer is to spend even more.
