Okay so 40 hours/week for one year = 40x52=2080 hours/year $15-$7.25= $7.75 (gosh wages more than doubled) $7.75x 2080= $16,120 add another $1209 (employer's share of social security equals $17,329 you still have to add in unemployment and workman's comp coverage. If he needs an additional $80,000 in revenue I'm guessing his mark up has got to be close to 20%, not bad but I have to ask what's his current gross? If he's only doing $100,000 a year another $80,000 will be tough, if he's doing $500,000 it might be doable, at $1,000,000 he's got it made.
Issue is the person, as a business owner didn't know what his labor cost really was, and let emotion guide some decisions, are we supposed to feel bad for him because he's incompetent? When we continue to elect people like that to government we're only getting what we deserve.
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Today's Featured Article - Hydraulics - Cylinder Anatomy - by Curtis von Fange. Let’s make one more addition to our series on hydraulics. I’ve noticed a few questions in the comment section that could pertain to hydraulic cylinders so I thought we could take a short look at this real workhorse of the circuit. Cylinders are the reason for the hydraulic circuit. They take the fluid power delivered from the pump and magically change it into mechanical power. There are many types of cylinders that one might run across on a farm scenario. Each one could take a chapter in
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