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The management was making $28k a year salary. I don't know how viable a business it was even without the minimum wage increase.
by smackfu 12y ago
The management was making $28k a year salary. I don't know how viable a business it was even without the minimum wage increase.
- Afforess 12y agoMost businesses survive on slim profit margins. Most businesses are barely viable. This is why minor changes in the availability of credit, for example, can cause a recession.
- enraged_camel 12y agoYeah, I think the profit margins on software have really spoiled most people on HN. $28k a year from a bookstore is not bad. It could actually be a livable wage in many other parts of the US.
- mikeash 12y agoBut given that it was in San Francisco, is that remotely viable? Can you rent a cardboard box in the gutter for $28k/year in SF?
- DrDanDLyons 12y agoSan Francisco has strong rent control rules. You can pay $1000/month for an entire floor of a Victorian if you've lived there long enough.