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This is why the biologically correct true free enterprise system is accounted won by the Civil War. Three men painted a house. The third man employed the other two men. The hand tool's and paint was furnished by the property owner Collectively the three men earned $360.00 net profit; $360.00 net profit; $3.00 One employee made $3.00 4.00 One employee made $4.00 + 5.00 The employer made $5.00 -------- $12.00 Next: divide the $360 net profit by $12; to get the rate the money was earned, which in this example is 30.
Then multiply the rate times the value of what each man was paid for working. To get the proportionate amount of profit to be added to the money amount each man was paid for working. |