Thanks all for the great replies!! Of course, snoonan, I do think about the overpaying thing. I wouldn`t want someone to be reliant upon my business. If I`m paying a little above the market wage for an area for the lowest paid employee, then that helps to bring the whole community up. What happens if the company goes under? Well, that doesn`t matter if there`s a wage gap in place or not. :) I do see your points and appreciate the input. Thank you!
Ladderless...I`m talking about the salary only right now. Maybe I`ll look into this for the entire take home pay...maybe not. I`m just exploring right now to see what others do. I believe, too, in wages for a job done being different from taking on a risk. Thats a good question on how to merge the idea into the entire earned income...or not.
DynamicSolutions... THANKS :)
skvignesh, thanks for your input. Good to know what other countries do, too.
smile999, had no idea about Costco! Pretty darned cool, I`ll have to look it up.
And mbkitchen... I do hope you were kidding about telling me a million times not to exaggerate. I don`t know that we`d ever conversed before. And why would you say that using the term CEO on startupnation is presumptuous? It`s a title that has to be written in the articles of incorporation or organization (for those llc`s).
For what it`s worth, I don`t have any employees right now. I`m wanting to make sure I build my business right from the start and implement the correct strategies as I grow the business. I would have no plans of paying just minimum wage, but rather pay a living wage for whatever area I`m hiring in. Minimum wage to me is a complete load of BS.
Thanks all for the replies!
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