Off-Topic: $70K minimum wage
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Name:
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MartiniMan
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Subject:
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$70K minimum wage
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Date:
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4/17/2015 3:33:18 PM
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I have seen various reasons for him picking that number but I think his quote was about happiness or satisfaction. Either way, it will be an interesting experiment and I am glad he is doing it with his shareholder's money and not mine. As I said, he is free to do what he wants but I suspect he will quietly try to fix this error once he sees how human nature responds. Then again, he may be on to something. I could never do it in my business because the most any client will pay for amdinistrative support is $55 per hour. At $70K that would leavel me around $20 per hour to pay for benefits, g&a, etc. and I would quickly go out of business. We'd lose money on every hour and not even remotely be able to make it up in volume.
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