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OhNo-Really

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8. Business 1 was commercial cleaning. Business 2 was fashion accessory invention

Mon Dec 30, 2019, 04:55 PM

Dec 2019

Please share your equation or source for scaling wages. What does $10/$12.50 for 1985 scale to 2020? Thank you.

In both instances I looked at costs and labor value added.

Commercial cleaning in 1985 paid approximately $15/hr. Starting wage was $7/hr (cost of a Perdue Chicken) & raised to $10 as soon as employee proved thorough & reliable. Supervisors earned $12.50. For each employee hour added there was $5/hr gross. Overhead very low. In short I paid 2/3 of gross to employees. By 1990 business was grossing 6 figures with the business fully delegated accept for payroll & bookkeeping.

Seamstresses in Chinatown were paid 25% of gross. They earned up to $600 a week on piece work. Very loyal tireless wonderful women! Was a huge national success until banks turned off the faucet. I had to shred the first pre-Christmas $60k test order from Nordstrom’s 😭😭😭

And then the lights went out.

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This message was self-deleted by its author [View all] OhNo-Really Dec 2019 OP

It is a race to the bottom. guillaumeb Dec 2019 #1

Had a Customer Wellstone ruled Dec 2019 #2

Omg! That WAS the beginning of the end OhNo-Really Dec 2019 #4

As Ike said in his last address. Wellstone ruled Dec 2019 #6

"The financial assault on hard-working Americans..." ohtransplant Dec 2019 #3

Lots written about their psychology OhNo-Really Dec 2019 #5

Convincing people to vote is our biggest challenge. BarbD Dec 2019 #11

I agree that turnout is key... ohtransplant Dec 2019 #20

You don't say what you paid them to do mathematic Dec 2019 #7

Business 1 was commercial cleaning. Business 2 was fashion accessory invention OhNo-Really Dec 2019 #8

I just used an inflation calculator mathematic Dec 2019 #15

My employees had fun. No injuries OhNo-Really Dec 2019 #17

That was an actual living wage wallyworld2 Dec 2019 #9

You might like this thread. I made $12.60 an hour in 1981 at a grocery store maxrandb Dec 2019 #10

I loved your article. Greed requires containment OhNo-Really Dec 2019 #18

$10 in 1985 is equivalent to $24.38 now... PoliticAverse Dec 2019 #12

Thank you! I was wondering how it scaled OhNo-Really Dec 2019 #14

I remember those days LittleGirl Dec 2019 #13

Thank you. I think stories like yours really helps OhNo-Really Dec 2019 #19

It was an old house converted into four apartments LittleGirl Dec 2019 #21

I graduated from college without any debt. hunter Dec 2019 #16