10 whole dollars an hour? Wow...That's crazy.
Maybe they can have a two-fer. The security guards can unionize and demand $15.00 an hr. The other idiots can demand the police officer gets the death penalty without a trial.
If you are a small business owner that is a big expense and an unproductive one.
Think about it. If you have 24/7 protection, which you would want if you are worried about looters these days, that is $1680 a week.
Those $1680 dollars do not generate sales or production of goods. The guard stands or sits in your facility and provides a deterrent to looters.
The article doesn’t mention if that guard is armed or not. So maybe the guard does not even provide protection.
A small business owner will think long and hard about hiring a guard service because that money is going to come off the bottom line with no foreseeable return on the investment.
If the business contracted for the guard long term they might get a cut on insurance but it would not come close to covering the expense.
Security Guard Salary (United States)
The average wage for a Security Guard is $10.26 per hour.
http://www.payscale.com/research/US/Job=Security_Guard/Hourly_Rate
I thought the same thing. Sure I would trust someone I paid that little to secure my valuables.
Yeah, $10/hr. security guards will be doing the looting...