3 ms·
Most businesses survive on slim profit margins. Most businesses are barely viable. This is why minor changes in the availability of credit, for example, can cau
by Afforess 12y ago
Most 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.