Reply #83: Ummm, you do know that $13 per hour is $5.75 over the minimum wage right? [View All]

[kelly1mm]

Also, the increase in profits from when I did everything myself to now where I and my employees do it was $37,653 last year. Of that, $32,946 went to labor costs (wages, UI/WC insurance, payroll taxes), about 90%. My 'exploitation' netted me less than $5000 to my business.

My business will not go under if I don't have employees. I did it myself for 3 years without employees. I would lose the whopping $5000 I 'exploited' from them last year. They would lose the almost $33,000 in total compensation they got. Maybe you are right. I guess I should just fire them in order to keep from 'exploiting' them.

If you do the numbers, if I paid them 100% of the revenue they generate they would make about $15.25 per hour. Would that be enough? I could not be accused of exploitation then as I am getting nothing out of the deal, right? One last thing, why would I bother with having employees if it was not benefiting me? How much as a percentage basis of the revenue generated by an employee should the business owner be entitled to in your opinion? Note mine is about 11%.