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Topic: Breaking up Bama: How to save college football?
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bayareabadger · « **Reply #420 on:** January 28, 2021, 01:55:07 PM »

Quote from: Cincydawg on January 28, 2021, 01:12:29 PM

Do you know what the starting salary is for a Walmart trainee is? But this is a good example of how ethics is in the eyes of.

I think he meant "employees" with an s.

Yep. typing on a phone.

I don’t know the low-end salary. It’s apparently low enough to get Medicaid. Obviously a company that size doesn’t need to pay more. And it doesn’t.

https://www.google.com/amp/s/www.forbes.com/sites/clareoconnor/2014/04/15/report-walmart-workers-cost-taxpayers-6-2-billion-in-public-assistance/amp/

betarhoalphadelta · « **Reply #421 on:** January 28, 2021, 02:14:13 PM »

Quote from: OrangeAfroMan on January 28, 2021, 01:50:12 PM

Again, this is comparing what I said to the whole population when I specified only the big corporations, which isn't like all P5 HCs, but only the successful ones at helmet programs.

Well, I disagree with the analogy when you limit it so much. Any P5 is like a big corporation, with significant dollars on the line with the success or failure of their football program (and head coach).

However, if you're talking about successful coaches at helmet programs, I would think that they have the LEAST incentive to cheat or lie when it comes to getting recruits.

Nick Saban has a resume and a support structure behind him that sells itself. He doesn't need bagmen and he doesn't need to lie--he's got players lined up to sign with Alabama. It's the Ole Miss's of the world that need to cheat or lie, because they don't believe they can compete on a level playing field.

It's also the unsuccessful coaches at helmet programs (or any program) that have incentive to cheat or lie... Because they're fighting to keep their job.

betarhoalphadelta · « **Reply #422 on:** January 28, 2021, 02:24:15 PM »

Quote from: OrangeAfroMan on January 28, 2021, 01:53:28 PM

And here, you're saying the decision-makers' choosing profits over ethics would only affect the employees. But there are the customers, competitors, etc. to consider.

Hey, a company can axe 20% of the workforce, but if I'm part of the 80% that stayed, I'm happy. Don't forget that the idea of answering to your employees is time-sensitive. They're only your employees if you haven't gotten rid of them (yet).

I've been laid off, I've survived layoffs, and I've been the one that had to tell employees they were being laid off. Not a damn one of those is a happy day.

BTW ethics affect customers too. If customers get a whiff of any unethical behavior in one aspect of your business, do you think they're going to trust you in any other aspect? If competitors get a whiff of unethical behavior, rumors have a way of spreading.

It takes a long time to build up trust, but it can be destroyed in a moment.

Honestbuckeye · « **Reply #423 on:** January 28, 2021, 02:39:09 PM »

Comparing head coaches to corporate executives is about the worst analogy I can think of.

For one thing, out of 1 million things, you’re going to compensate your employees and it is basically in writing and the minute you deviate from that they can and you take you to court. Secondly corporations don’t have to be the only winner as in football. They can have growth and be successful and be far from the number one competitor in that market or product or service. If the shareholders are making profit and the employees are gainfully employed then there’s very little pressure to lie or cheat.

MrNubbz · « **Reply #424 on:** January 28, 2021, 04:10:01 PM »

Quote from: Mdot21 on January 28, 2021, 01:44:42 PM

Nike isn't going to suffer shit. They have an economic moat. There is no shoe company ever that is putting a dent in anything they do. Not happening.

Women will decide that

Cincydawg · « **Reply #425 on:** January 28, 2021, 04:45:17 PM »

Quote from: bayareabadger on January 28, 2021, 01:55:07 PM

Yep. typing on a phone.

I don’t know the low-end salary. It’s apparently low enough to get Medicaid. Obviously a company that size doesn’t need to pay more. And it doesn’t.

https://www.google.com/amp/s/www.forbes.com/sites/clareoconnor/2014/04/15/report-walmart-workers-cost-taxpayers-6-2-billion-in-public-assistance/amp/

Some of these employee work part time/reduced hours of course. Average pay at Walmart is $13 an hour. A company pays enough to attract the quality and number of employees they desire. The US poverty rate for a single person is anything under $12,760 a year. If you make $15 an hour, that's about $30 K a year.

If you earn $11/hr, about where you'd start at Walmart, you'd be making over the poverty level IF you work 40 hours a week.

There can be an incentive of course to work less and get benefits. The tax code is meant to offset this some, but the EITC is not well understood by many.

utee94 · « **Reply #426 on:** January 28, 2021, 05:35:15 PM »

Quote from: Cincydawg on January 28, 2021, 04:45:17 PM

Some of these employee work part time/reduced hours of course. Average pay at Walmart is $13 an hour. A company pays enough to attract the quality and number of employees they desire. The US poverty rate for a single person is anything under $12,760 a year. If you make $15 an hour, that's about $30 K a year.

If you earn $11/hr, about where you'd start at Walmart, you'd be making over the poverty level IF you work 40 hours a week.

There can be an incentive of course to work less and get benefits. The tax code is meant to offset this some, but the EITC is not well understood by many.

Yeah what a weirdly slanted headline on that Forbes piece.

It could just as easily read "Crappy US Tax Code voted in by the Crappy Lawmakers elected by the Stupid American Public Allows WalMart employees to grift an extra 6.2 Billion Dollars off the Crappy Bloated Government That Again, Stupid Americans Voted For"

Or something like that.

Cincydawg · « **Reply #427 on:** January 28, 2021, 05:40:30 PM »

If we used the highest minimum wage that the country has ever had, 1968, and adjusted it for inflation, it would be under $12 an hour. Put it there and add a COLA and we're done. Baddabing.

847badgerfan · « **Reply #428 on:** January 28, 2021, 05:45:49 PM »

$12 and a Coke? I'm down with that.

OrangeAfroMan · « **Reply #429 on:** January 28, 2021, 06:00:23 PM »

Quote from: Cincydawg on January 28, 2021, 04:45:17 PM

Some of these employee work part time/reduced hours of course. Average pay at Walmart is $13 an hour. A company pays enough to attract the quality and number of employees they desire. The US poverty rate for a single person is anything under $12,760 a year.

That's disgustingly low. If a person makes under $13,000, they're not poor, they're homeless.

Cincydawg · « **Reply #430 on:** January 28, 2021, 06:05:26 PM »

It's the current Federal poverty line. A person making more than that is still eligible for many types of assistance.

And I'm pretty sure I could live on that in some parts of the country. I once did for four years, slightly over the equivalent to it.

OrangeAfroMan · « **Reply #431 on:** January 28, 2021, 07:17:56 PM »

Quote from: Cincydawg on January 28, 2021, 06:05:26 PM

It's the current Federal poverty line. A person making more than that is still eligible for many types of assistance.

And I'm pretty sure I could live on that in some parts of the country. I once did for four years, slightly over the equivalent to it.

I could live on that = I didn't starve to death
.
In this country, at this time, it's unconscionable. Our economic system is no better than the ancient Egyptians'. Talk it up all you want, but any and every successful economic system needs its slave class. And we have ours.

bayareabadger · « **Reply #432 on:** January 28, 2021, 10:23:59 PM »

Quote from: bwarbiany on January 28, 2021, 02:24:15 PM

I've been laid off, I've survived layoffs, and I've been the one that had to tell employees they were being laid off. Not a damn one of those is a happy day.

BTW ethics affect customers too. If customers get a whiff of any unethical behavior in one aspect of your business, do you think they're going to trust you in any other aspect? If competitors get a whiff of unethical behavior, rumors have a way of spreading.

It takes a long time to build up trust, but it can be destroyed in a moment.

Yes?

Business customers are probably a different story. Consumers tend to be pretty forgiving.

bayareabadger · « **Reply #433 on:** January 28, 2021, 10:37:56 PM »

Quote from: Cincydawg on January 28, 2021, 04:45:17 PM

Some of these employee work part time/reduced hours of course. Average pay at Walmart is $13 an hour. A company pays enough to attract the quality and number of employees they desire. The US poverty rate for a single person is anything under $12,760 a year. If you make $15 an hour, that's about $30 K a year.

If you earn $11/hr, about where you'd start at Walmart, you'd be making over the poverty level IF you work 40 hours a week.

There can be an incentive of course to work less and get benefits. The tax code is meant to offset this some, but the EITC is not well understood by many.

You probably won't work 40. Because if you do, it is costly to the employer. And the employer might just not want to pay those benefits, and it has an easy mechanism not to (the government tit, as Badge put it).

In some ways, this started with Badge telling us "Any good business owner - large or small - knows that employees are everything."

Now we are saying the Waltons, people we can all agree are very good business people, operate under the mindset of "A company pays enough to attract the quality and number of employees they desire." It's brass tacks. There's nothing illegal about it. Maybe a tad odious, but it's well within the lines. Shareholder value and success are king, even if the employee is kept right around the poverty line. The employee here is not everything. They are to be kept at such a level the government literally pays them to try to get a better job (EITC, as you said).

The private sector plays home to both. Just is what it is.

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Topic: Breaking up Bama: How to save college football?

bayareabadger

Re: Breaking up Bama: How to save college football?

betarhoalphadelta

Re: Breaking up Bama: How to save college football?

betarhoalphadelta

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Honestbuckeye

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MrNubbz

Re: Breaking up Bama: How to save college football?

Cincydawg

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utee94

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Cincydawg

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847badgerfan

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OrangeAfroMan

Re: Breaking up Bama: How to save college football?

Cincydawg

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OrangeAfroMan

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bayareabadger

Re: Breaking up Bama: How to save college football?

bayareabadger

Re: Breaking up Bama: How to save college football?