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jammies · 12-17-2015, 09:14 PM

Tim's Hardware owner Tim has 5 full-time employees that he pays minimum wage. Last year he made a $250,000 profit, however this year, due to having to pay his employees $15/hr instead of $10/hr, each employee is costing him an extra $10,000, so he will only make $200,000.

However, simple math works out that each employee got a 50% raise, and there are 5 of them, and Tim is making only 20% less, and there's but one of him. QED, it's a huge net win!

Woo! Tim is gonna put Jim right out of business, too! He's got the city of Make-Believia all sewn up!

12-17-2015, 09:14 PM	#501
jammies Basement Chicken Choker Join Date: Jan 2007 Location: In a land without pants, or war, or want. But mostly we care about the pants. Exp:	Tim's Hardware owner Tim has 5 full-time employees that he pays minimum wage. Last year he made a $250,000 profit, however this year, due to having to pay his employees $15/hr instead of $10/hr, each employee is costing him an extra $10,000, so he will only make $200,000. However, simple math works out that each employee got a 50% raise, and there are 5 of them, and Tim is making only 20% less, and there's but one of him. QED, it's a huge net win! Woo! Tim is gonna put Jim right out of business, too! He's got the city of Make-Believia all sewn up! __________________ Better educated sadness than oblivious joy.