Re:It's not a labor shortage – it's a wage and workers right...
by ChrisMarshallNY on Sunday September 05, 2021 @02:48PM
(#28426676)
Yeah, it's not really that simple.
A business owner is the last one on the payroll, so they get the extra, if things go well, but they also assume pretty substantial risk. If things go badly, the buck stops at their front door; possibly on an eviction notice.
I have also watched many of these same SMB owners, hit the skids, and they fall hard. Many wreck their credit for decades, destroy any retirement savings, and, worst of all, suffer terrible self-respect damage.
I'm not being snarky, there. That demolished self-confidence can be bad. I have known folks that have become suicidal, after losing a business.
Makes being smug, kinda hard. They may have been jerks, when they were doing well, but it's quite sobering, to see what happens, when things go pear-shaped. Doubly so, if they have a family.
A business owner is the last one on the payroll, so they get the extra, if things go well, but they also assume pretty substantial risk. If things go badly, the buck stops at their front door; possibly on an eviction notice.
I have also watched many of these same SMB owners, hit the skids, and they fall hard. Many wreck their credit for decades, destroy any retirement savings, and, worst of all, suffer terrible self-respect damage.
I'm not being snarky, there. That demolished self-confidence can be bad. I have known folks that have become suicidal, after losing a business.
Makes being smug, kinda hard. They may have been jerks, when they were doing well, but it's quite sobering, to see what happens, when things go pear-shaped. Doubly so, if they have a family.