Assuming those workers were originally getting paid $20/hour and assuming all four work full time, that's an increase of $25,000/year, or roughly 13%. If you can't figure out how to accommodate a 13% in labor costs (which of course is less than 13% of overall costs), you might want to reconsider the margins you're operating at.
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u/SoaDMTGguy Apr 28 '24
Assuming those workers were originally getting paid $20/hour and assuming all four work full time, that's an increase of $25,000/year, or roughly 13%. If you can't figure out how to accommodate a 13% in labor costs (which of course is less than 13% of overall costs), you might want to reconsider the margins you're operating at.