https://www.bloomberg.com/news/articles/2022-06-01/a-third-of-americans-making-250-000-say-costs-eat-entire-salary

  • Anemasta [any]
    ·
    2 years ago

    I'm not really equipped for discussion about America, but isn't it crawling with shitty business people whose shitty businesses are struggling to bring any money? What's a median US business owner?

    • jabrd [he/him]
      ·
      2 years ago

      All anectdotal: Petty Bourgeois who employ a sizable number of people (not mom and pop shop types who employ 1-2 extra people, and let’s be real these people are rapidly being put out of business by megacorps) would be in the article’s income range. Someone who owns a few subway locations is probably making as much or just a bit lower than a west coast coder. But they don’t live on the west coast they get to live like gods in Hickory Sticks, GA where things are cheaper.

      • Anemasta [any]
        ·
        edit-2
        2 years ago

        Interesting. I've just looked it up and supposedly one Subway restaurant costs around $250k to start and generates about $30k of profit a year.

        • jabrd [he/him]
          ·
          2 years ago

          Start up costs sound high and profitability sounds low but subway was a stand in, it’s not the industry I’m familiar with. If you roughly halved the start up cost that sounds more accurate to me and honestly I wonder if the profits sound lower because the owners are “paying themselves a salary” which obfuscates what’s really coming over the bottom line

          • Anemasta [any]
            ·
            2 years ago

            Those profits do sound surprisingly low.