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by velcrovan
2437 days ago
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Some Business 101 for you: Salaries are separate from profits. Salaries are a cost to the business just like rent and hosting costs. Profits come after all the costs. (Salaries are also taxed as personal income just like at any other business.) The $5m over 6 years is $833k in revenue per year. Not a lot, and salaries/benefits probably take up the biggest part of that, leaving very little profit. Which is the way it should be everywhere in my opinion. I applied to work at Ghost a while back and still would love to work for them. Not only do they get salaries, they have amazing benefits (by US standards). Being a non-profit means two things: a) profits are reinvested in the business rather than distributed to owners, and b) Ghost isn’t, and can never be, an acquisition target by other companies or investors. That kind of stability is a huge appeal for me, both as a user and a worker. |
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Part of the goal of this community is for its participants to learn things they don’t know; the tone implied by the intro to your comment makes it seem offensive that somebody wouldn’t realize US non-profit status still allows for salaries and benefits for their staff.
https://xkcd.com/1053/