There are these women who baby sit busy peoples' dogs. They work on an hourly basis for some dog sitting company. These women were talkin about getting a 10 cent/ hour raise and how she was makin
g $9/hour. This also caught the ear of an engineer who makes 85k a year and drives the latest BMW with a "W" (Bush election sticker) on the back.He was astounded that these ladies were only making $9/hour. He could not figure out how someone can live on $300 (after taxes) a week. He admitted that he spends that much in one night eating out.
This did not go down well with the dog sitters. To ease his conscious he offers free advice to the ladies.
"Be more entrepreneurial! You should do this as business not hourly work!"
I wonder if he is on the right track? Or is he full of it?
It is very easy to give advice, when your stomach is full and you are comfortable.
He's neither right nor wrong. IT depends on the ladies' risk preferences. Self employment would likely result in a higher expected , but also higher costs and more uncertainty in that income.
ReplyDeleteAfter all, there's a payoff to taking risk (if done right).
But yes, the engineer's a twit, and in need of what they refer to Down South as a "Dope Slappin".