Why can't companies be like the NBA?

[It's A VC3!!!]

When the NBA makes more money, the players make more money. When companies make more money, they hoard the money and pay people the same. Where is the disconnect? In 10 years the league will be making double the money they are now. The result? $50-70 million a year contracts. Curious what people on ISH think about this principle?

[Nanners]

the disconnect is that nba players have a union fighting for their financial interests, but the vast majority of the workforce does not.

[Sarcastic]

In the NBA, the players are the product. Without them, there is no NBA.

In most other industries, the workers are replaceable cogs, or at least for most positions. Talented people do get paid. Maybe not as much as NBA players, but that is due to America's lust for entertainment. Singers/actors/etc all get paid the way NBA players do.

[Akrazotile]

the disconnect is that nba players have a union fighting for their financial interests, but the vast majority of the workforce does not.



And as long as we keep importing cheap labor, theyre not going to.


But at least nobody can call us racist! :rockon: :hammertime::hammertime::hammertime:

[Akrazotile]

In the NBA, the players are the product. Without them, there is no NBA.

In most other industries, the workers are replaceable cogs, or at least for most positions. Talented people do get paid. Maybe not as much as NBA players, but that is due to America's lust for entertainment. Singers/actors/etc all get paid the way NBA players do.


Ohhhhhh yeah?

Replaceable by whom?

[Sarcastic]

Ohhhhhh yeah?

Replaceable by whom?

Third world labor, that receives a tiny fraction of what American workers make.

[Akrazotile]

Third world labor, that receives a tiny fraction of what American workers make.


What about jobs that cant be done anywhere else?

Growing and harvesting OUR agriculture? Mining OUR energy? Building OUR construction? Working in OUR restaurants? Driving OUR school buses? Working OUR retail?

How are the wages for those jobs driven down so easily, Sarcastic?


(Spoiler: This PC faag will avoid the question. Hes a mindless dumbocrat, he doesnt want the right answers he wants to always be on the opposite side of the meanie republicans so he can call people racist and think it makes him smart. He's not gonna touch any discussion where the answer could place immigration in an unfavorable (and therefore racist!) light.

[Sarcastic]

What about jobs that cant be done anywhere else?

Growing and harvesting OUR agriculture? Mining OUR energy? Building OUR construction? Working in OUR restaurants? Driving OUR school buses? Working OUR retail?

How are the wages for those jobs driven down so easily, Sarcastic?


(Spoiler: This PC faag will avoid the question. Hes a mindless dumbocrat, he doesnt want the right answers he wants to always be on the opposite side of the meanie republicans so he can call people racist and think it makes him smart. He's not gonna touch any discussion where the answer could place immigration in an unfavorable (and therefore racist!) light.


Those wages are driven down by supply and demand as well, and there isn't an incentive to raise them.

A lot of the jobs you're describing are done by cheap migrant workers. Work that most Americans will not do.

Everyone loves eating oranges, but if the price went $15+ per orange because the farms had to hire American workers, we'd stop eating as many oranges.

[Akrazotile]

Those wages are driven down by supply and demand as well, and there isn't an incentive to raise them.

A lot of the jobs you're describing are done by cheap migrant workers. Work that most Americans will not do.

Everyone loves eating oranges, but if the price went $15+ per orange because the farms had to hire American workers, we'd stop eating as many oranges.


Except nobody will buy oranges for $15. So if workers demand better pay and have the leverage to make it so, and a price increase of more than 30 or 40 cents isnt sustainable... Then those Monsanto executives are gonna have no choice but to scale back their own salaries if they wanna stay in business.

Everything has a price ceiling. And if customers walk away, it's the company executives who stand to lose the most. If their only option is reducing the president's salary from 5 million to 1 million, then that's whatll happen.

Instead they avoid the issue and increase the wealth gap by bringing in as many no english, undocumented, desperate workers as they can. And guess what? They still keep the prices as high as whatever they can get the most people to pay.

There is a ceiling to how high prices can be raised. If laborers want better pay and they have no competitors, and companies can only raise the price so much, executives salaries are in the crosshairs.

I realize this kind of critical deduction involves more than one step, so it's tough for brainwashed liberals to come to terms with. But it's the reason countries like Japan, Iceland, Switzerland have high living standards, without importing immigrants like pineapple.


Gee, who'd have thought?



*RACCCCIIIIIIISSSSSSSSTTTTTTTTT!!!!!!!!!!!*

[highwhey]

Except nobody will buy oranges for $15. So if workers demand better pay and have the leverage to make it so, and a price increase of more than 30 or 40 cents isnt sustainable... Then those Monsanto executives are gonna have no choice but to scale back their own salaries if they wanna stay in business.

Everything has a price ceiling. And if customers walk away, it's the company executives who stand to lose the most. If their only option is reducing the president's salary from 5 million to 1 million, then that's whatll happen.

Instead they avoid the issue and increase the wealth gap by bringing in as many no english, undocumented, desperate workers as they can. And guess what? They still keep the prices as high as whatever they can get the most people to pay.

There is a ceiling to how high prices can be raised. If laborers want better pay and they have no competitors, and companies can only raise the price so much, executives salaries are in the crosshairs.

I realize this kind of critical deduction involves more than one step, so it's tough for brainwashed liberals to come to terms with. But it's the reason countries like Japan, Iceland, Switzerland have high living standards, without importing immigrants like pineapple.


Gee, who'd have thought?



*RACCCCIIIIIIISSSSSSSSTTTTTTTTT!!!!!!!!!!!*
Can you provide recent examples of company executives scaling back their salaries to accommodate higher wages for their lower end employees? C'mon starfvce, back up your claims.

[iamgine]

When the NBA makes more money, the players make more money. When companies make more money, they hoard the money and pay people the same. Where is the disconnect? In 10 years the league will be making double the money they are now. The result? $50-70 million a year contracts. Curious what people on ISH think about this principle?
You are mistaken. Companies do this too. It's called bonuses and commission. When a company is doing well, they reward their key employees with bonuses and commissions. Usually their salespeople and management. Note that not everybody gets rewarded, just like not everybody in the NBA gets rewarded (i.e do NBA towelboys get higher salary? Nope.)

[Akrazotile]

Can you provide recent examples of company executives scaling back their salaries to accommodate higher wages for their lower end employees? C'mon starfvce, back up your claims.


??


The point is that they dont have to, because their employees are easily replaced. That's what immigration does. It makes employees disposable.

You take better care of things when they are in short supply. It's the same with labor.

People are happier when there is more wage equality and more land available and lower crime, even if it means a few less apps for their phones. Politicians dont want liberals to realize this. They want them chasing, consuming, tolerating because it's the people at the top who get the real benefit from all of it - a massive financial distance from the average American. Luxury and prestige. All because liberals are told the GDP will drop if we dont flood our land with laborers! :oldlol:

A sucka born errday :facepalm

[DonDadda59]

Vote Clinton November 8th (http://cnsnews.com/news/article/susan-jones/clinton-campaign-corporate-profit-sharing-something-govt-should-incentivize) :bowdown:

[Random_Guy]

In the NBA, the players are the product. Without them, there is no NBA.

In most other industries, the workers are replaceable cogs, or at least for most positions. Talented people do get paid. Maybe not as much as NBA players, but that is due to America's lust for entertainment. Singers/actors/etc all get paid the way NBA players do.

just saying, the nba is definitely not the most lucrative industry if we are talking about pay. you literally have to be one of the top 500 players in the world to be inside the nba, and the average pay would therefore be something like 5mil? if we're talking finance, the top 500 finance guys gets paid way more than the nba players, not to mention if you are on the buy side, where getting paid 100m plus/year in bonuses is not that uncommon.

[NumberSix]

When a team doesn't make much money, do they get to pay the players less than their contract.

[Thorpesaurous]

My company does a profit sharing program, so it sort of is doing that. Up to 15% of your regular time pay you can get in a bonus if the year ends well. And there's been a few years where they've peppered in a few extra bonuses as well.

[kNIOKAS]

the disconnect is that nba players have a union fighting for their financial interests, but the vast majority of the workforce does not.
:applause:

some things simple.

[It's A VC3!!!]

You are mistaken. Companies do this too. It's called bonuses and commission. When a company is doing well, they reward their key employees with bonuses and commissions. Usually their salespeople and management. Note that not everybody gets rewarded, just like not everybody in the NBA gets rewarded (i.e do NBA towelboys get higher salary? Nope.)

No, I'm not mistaken. Giving an employee a bonus is completely different than giving an employee more money when the company posts a record profit, year after year. What I'm talking about is similar to a profit sharing plan.

An employer will establish a separate account and reward employees when the company achieves record-year profits. Most Fortune 500 companies used to offer a profit sharing plan but now only a handful offer this perk.

I work for one of the largest banks in the world and I earn both commissions and bonuses and neither of these have anything to do with the company's performance, but rather my own individual performance.

[It's A VC3!!!]

just saying, the nba is definitely not the most lucrative industry if we are talking about pay. you literally have to be one of the top 500 players in the world to be inside the nba, and the average pay would therefore be something like 5mil? if we're talking finance, the top 500 finance guys gets paid way more than the nba players, not to mention if you are on the buy side, where getting paid 100m plus/year in bonuses is not that uncommon.


These type of pay-days are long gone. Most people earning $100mm per year are now getting it in the form of deferred compensation in the form of stock. The top finance earners are in the hedge fund industry.

Right now there are very few hedge fund managers earning more than $100mm per year. And this is about to change as well due to the government wanting to change the way hedge fund managers are compensated. The typical fee structure for a hedge fund manager is 2/20. This means that a hedge fund manager will get 2% of all assets under management and 20% of profits generated.

Yes, the top finance earners do earn more than the top athletes but the general frustration comes from the fact that scrubs are getting the new normal minimum contract - $10mm per year. :facepalm

[Random_Guy]

These type of pay-days are long gone. Most people earning $100mm per year are now getting it in the form of deferred compensation in the form of stock. The top finance earners are in the hedge fund industry.

Right now there are very few hedge fund managers earning more than $100mm per year. And this is about to change as well due to the government wanting to change the way hedge fund managers are compensated. The typical fee structure for a hedge fund manager is 2/20. This means that a hedge fund manager will get 2% of all assets under management and 20% of profits generated.

Yes, the top finance earners do earn more than the top athletes but the general frustration comes from the fact that scrubs are getting the new normal minimum contract - $10mm per year. :facepalm

well i guess if you think about it in the sense that even when you're a scrub in the nba you're still one of the top 500 players in the world, and there are countless people who earn nothing despite years of training, maybe the average pay balances out. whilst its ridiculous that conley gets paid 30m/yr, the fact is a career in basketball is risky, its all or nothing. whereas in finance or tech, yeah you might not make 100+m but its not difficult to get paid 100+k, whereas most likely youll be flipping burgers if you never make it playing basketball.

[Dresta]

Those wages are driven down by supply and demand as well, and there isn't an incentive to raise them.

A lot of the jobs you're describing are done by cheap migrant workers. Work that most Americans will not do.

Everyone loves eating oranges, but if the price went $15+ per orange because the farms had to hire American workers, we'd stop eating as many oranges.
Of course Americans don't do them: they pay shit and they can't afford to live on such pay. There is barely such a thing as work people won't do. The truth is that it is work American people won't do for such little pay. Stop feeding the wants of the giant corporates by allowing them to avoid the responsibility of paying people more for unpleasant jobs.

You've been sold a load of hocus pocus and are now regurgitating it as if it were fact when it couldn't be less true.

[Dresta]

:applause:

some things simple.
Well no, that's only one factor. The fact basketball is a skilled profession, for example, and that the NBA is only open to the top 500 or so players in the world, both make it incomparable to how unskilled workers are paid. NBA players have infinitely more leverage than unskilled workers, and more leverage than almost any other labour group.

[iamgine]

No, I'm not mistaken. Giving an employee a bonus is completely different than giving an employee more money when the company posts a record profit, year after year. What I'm talking about is similar to a profit sharing plan.

An employer will establish a separate account and reward employees when the company achieves record-year profits. Most Fortune 500 companies used to offer a profit sharing plan but now only a handful offer this perk.

I work for one of the largest banks in the world and I earn both commissions and bonuses and neither of these have anything to do with the company's performance, but rather my own individual performance.
Um companies do have stock options and profit sharing. But clearly it's only for top management. As I said, not everyone gets a cut just like not everyone in the NBA gets a cut. Your problem is equating NBA players with say, a bank's cashier or a junior marketing officer. NBA players are much more valuable, more comparable to top management in a company. The NBA has a junior marketing officer too, and he's not getting more money.

Also, you may not know this working in a large bank and whatnot but in a lot of small to medium family owned companies, employees' bonuses and salary increase level is closely related with how the company performs.

[DonDadda59]

Earlier this year:


Ford profit triggers record $9,300 UAW worker bonuses

Ford Motor (F) reported a strong fourth-quarter and full-year profit, enough to trigger record $9,300 profit-sharing checks for about 52,700 hourly workers.

The automaker on Thursday reported net income of $1.9 billion in the fourth quarter and $7.4 billion for the year. Revenue was $40.3 billion for the quarter and $149.6 billion for the year.

Pretax profit in the final three months was $2.6 billion, contributing to $10.8 billion for the year. The company made money in every region except South America, with new records in North America and Asia Pacific. Europe is back in the black for the first time since 2011.

"We promised a breakthrough year in 2015 and we delivered," Ford CEO Mark Fields said in a statement.

The results were not surprising, as Fields announced earlier this month that an accounting change that reduces pension costs would result in higher earnings than expected, which would trigger larger profit-sharing checks.

The key figure for autoworkers is the $9.3 billion pretax profit earned in North America because the profit-sharing formula, negotiated with the United Auto Workers union, awards $1 for each $1 million in North American profit. That makes it $9,300 for eligible employees, before taxes, compared with checks up to $6,900 earned in 2014. The previous record amount was $8,800 based on 2013 results.

Full Article (http://www.usatoday.com/story/money/cars/2016/01/28/ford-motor-company-fourth-quarter-earnings/79450050/)

Chobani might make some of their 2,000 employees Millionaires (http://www.nytimes.com/2016/04/27/business/a-windfall-for-chobani-employees-stakes-in-the-company.html?_r=0)

VOTE CLINTON NOVEMBER 8TH (https://www.hillaryclinton.com/briefing/factsheets/2015/07/16/profit-sharing/)- Make America Even Greater :bowdown: