Tweet
Can anyone figure this out?
If the Federal minimum wage is $7.25 and the Prime Rate is 3.25% how much does it cost an employee to rent his labor revenue from the Fed in labor hours?
For example - $7.25*8 = $58 Day, $58*5=$290 Weekx4=$1160Month
So on a monthly basis $1160 x 3.25%=$37.70
$37.7/$7.25=5.2 Labor Hours per month? Just for the use of the private script?
No a bad gig if you can rent your script out to a whole nation.
P.S. or about 1.5 weeks of work in a year for a minimum wage drone.
If the Federal minimum wage is $7.25 and the Prime Rate is 3.25% how much does it cost an employee to rent his labor revenue from the Fed in labor hours?
For example - $7.25*8 = $58 Day, $58*5=$290 Weekx4=$1160Month
So on a monthly basis $1160 x 3.25%=$37.70
$37.7/$7.25=5.2 Labor Hours per month? Just for the use of the private script?
No a bad gig if you can rent your script out to a whole nation.
P.S. or about 1.5 weeks of work in a year for a minimum wage drone.