Minimum wage in Seattle is $12/hour. $12/hour x 40 hours per week x 4.3 weeks in a month is $2064.
Presumably, that's before taxes, etc. (Yes, I know Washington doesn't do income tax, but you still have to pay federal income tax.)
Obviously, boutique-style businesses aimed at wealthy clientele can be made profitable. But that's not what most people are dealing with.
I never said that daycare cannot be profitable. Just that these tend to be tough things to make profitable.
Similarly, some restaurants are making a killing. But most restaurants have slim margins. And daycare is generally considered to be a tough business as well for various reasons.
Minimum wage in Seattle is $12/hour. $12/hour x 40 hours per week x 4.3 weeks in a month is $2064.
Presumably, that's before taxes, etc. (Yes, I know Washington doesn't do income tax, but you still have to pay federal income tax.)
Obviously, boutique-style businesses aimed at wealthy clientele can be made profitable. But that's not what most people are dealing with.
I never said that daycare cannot be profitable. Just that these tend to be tough things to make profitable.
Similarly, some restaurants are making a killing. But most restaurants have slim margins. And daycare is generally considered to be a tough business as well for various reasons.