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Old 01-09-2013, 02:07 PM
CL&T CL&T is offline
LawnSite Senior Member
Join Date: May 2011
Location: New York
Posts: 493
I agree that's a tough question. A "living wage" for one employee is going to be completely different for another. You can't, for instance, pay a worker that has a wife and four kids more than a single guy for the same work. About all you can do is consider the rents in your area as well as other living expenses (cost of living) and use that as a starting point in deciding how much to pay someone. The rest is up to you based on how valuable the employee is and how much money the employee makes for your company. I have seen many cases where a key employee makes as much as the owner.
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