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 - Persistence Pays Off - by Sam Grice. About a year ago I was driving down Hwy 36 south of Houston and I saw an old John Deere H sitting in a field with the planters and cultivators still on it. It appeared that it hadn't run in some time, but I stopped and went to the farm house and asked if the tractor was for sale. The lady of the house who answered the door offered no answer, but said that she would talk to her husband and have him call me. I figured he was away at the time. Well I heard from him the next day, and he procee
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