Thursday, May 15, 2014

Repeat for Doubters: Many Small Businessmen Don’t Earn Minimum Wage.


                       
This merits repeating again and again.

If you allow for capital placed at risk in a business instead of safer investments elsewhere, and you consider time on the job by the boss and unpaid members of the family, most small businesses actually return very small income, worthwhile to their owners.
                       
In too many instances the actual earnings translate to less than the legal minimum wage, were they employees. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)

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