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Reply to "My carpenter makes $116/hour"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]From that, your carpenter has to pay for health insurance, retirement/401k, insurance for his company, overhead costs, various taxes, etc. [/quote] He works alone, has no employees. Out of my $124/hr I also have to pay retirement, insurance (health, disability), plus umbrella not included, commuting, taxes, etc. None of which are deductible against income.[/quote] A few thoughts: 1) How many years of experience does he have? Is he efficient? Are you paying $116 for an hour of his work, versus 2+ hours for someone less skilled yet charges a lower hourly rate? 2) He's also paying the company side of the 401k, insurance, tools, etc. 3) There are career fields that carry lower salaries but high prestige. You are in one of those fields. 4) Posters on here have complained about paying a doctor's hourly rate while receiving care from a PA. Is that something you see in your field? [/quote]
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