"They can close up, and take a minimum wage job somewhere with no capital risk and make more money. Bye bye free enterprise."
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Yep, about 20 years ago that is exactly why I ended up closing one of my businesses. My 80 hour work weeks were getting me about $3 an hour net hour. my cheapest employee was making 3-4 times more per hour than I was, (I believe in taking care of my peeps), but without them having any of the risk whatsoever.  I ended up closing to go work a 9-5 for someone else.