I built a little project for a friend. We have these close friends with a 5 year old grandson. Jill, the grandmother, knowing that I do some woodworking asked me if I would build a child sized workbench for their grandson. I agreed. Now I was doing this for fun, not money. I asked about budget and she told me to keep the wood cost under $50.00. So off I went.
I went to the Borg and bought about 10 8 ft long 1x4 in #2 pine. Brought them home and went to work. 18 hours later I have a adorable minuture workbench with a glues up top, framed in pegboard back, a bottom shelf and two drawers. I think it looks good.
Jill comes over to look at it because it is finished and I was going to ask about painting/sealing it. She loved it and just wants a poly coating. So she asks about the price. She thinks I have done such a great job I could make them and sell them and make a fortune because they are just sooooo cute! I tell her I have $36.00 in material and 18 hours of labor. I then explain that this is why all of these kinds of things are made in China. At $.25 per hour the labor is ony $4.00 and people would buy it. At $25.00 and hour it comes in at about $500.00 and no one would buy it. So she gives me a check for $125.00.
Now that was fine. I did it for the fun of it not the money. So I made $4.95 per hour. I don't think that is even minimum wage. But I had fun.