is being compensated for many loving hours in the garden-
profit?
i don't think so.
is your wage profit. lets look.
courtesy of webster;
1prof·it
noun, often attributive \ˈprä-fət\
Definition of PROFIT
1
: a valuable return
: gain
2
: the excess of returns over expenditure in a transaction or series of transactions;
especially : the excess of the selling price of goods over their cost
3
: net income usually for a given period of time
4
: the ratio of profit for a given year to the amount of capital invested or to the value of sales
5
: the compensation accruing to entrepreneurs for the assumption of risk in business enterprise as distinguished from wages or rent
_____________________________________________________
1wage
noun \ˈwāj\
Definition of WAGE
1
a : a payment usually of money for labor or services usually according to contract and on an hourly, daily, or piecework basis often used in plural
b plural : the share of the national product attributable to labor as a factor in production
2
: recompense,
reward usually used in plural but singular or plural in construction <the
wages of sin is death Romans 6:23 (Revised Standard Version)>
now. back in the real world, making 1500 a week was pretty common. depending on site conditions and easy sales, sometimes as much as 3-4K.
in this flip side, i am laso a good worker. my quality is sufficient for me, which is rather close to perfect normally. the amount of hours that i spend in the garden, advocating, meeting with patients, giving advice, etc., are about the same as in the real world also. read; full time job.
then of course the nutes, power, expendables, etc..
at the prices i suggested , aperson is NOT profiting. they are simply getting back their time, in the form of tender. the profit is realized form selling the good at market above the production cost. so the children that make nikes don't realize profit, just nike.
so, it would seem , the only ones profiting are the ones selling for outlandish prices. the schedule i laid out before, allows for a grower of relatively decent skill to earn about a thousand a week, after taxes.
that's not profit, its the cost of producing the good.
above that reasonable wage(by reasonable i mean REAL. that's about what most mechanics, electricians, nurses, postpeople, etc. would earn.) threshold is profit.
it's an amount above the reasonable current market value for production of that commodity.
thanks.
murf