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Mostly agree, though worth pointing out in your analysis that the median household (not person) makes an aggregate of $25/hr, not $60. The average American is
by dmoy 10y ago
Mostly agree, though worth pointing out in your analysis that the median household (not person) makes an aggregate of $25/hr, not $60. The average American is over twice as poor as the assumption you made in your calculation. In the bay area alone it's better, but still only around $35/hr, about 50% poorer. Median household income is like 70-75k in the bay area.
- lettergram 10y agoI included the cashier cost, because the store will need to hire more cashiers if they have longer lines. That's an estimated $20 for salary and $10 for benefits or $30 / hour per cashier