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AngryBeavers 
LSU Fan
Member since Jun 2012
1723 posts
| I cannot figure out the logic of this. (Posted on 10/10/12 at 4:38 pm)
So I just found out that 10 of my warehouse workers do something very strange with their money. Every paycheck they all put $100 into a pool and 1 of them gets the $1000 every time. This repeats every pay day and they rotate so the next person gets the $1000. They are convinced that they are gaming the system by doing this. 
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Tiger4Ever 
UTEP Fan
Member since Aug 2003
35038 posts
| re: I cannot figure out the logic of this. (Posted on 10/10/12 at 4:43 pm to AngryBeavers)
And that's why they are warehouse workers...
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Crbello4Hiceman
LSU Fan
Lurking
Member since May 2011
384 posts
| re: I cannot figure out the logic of this. (Posted on 10/10/12 at 4:45 pm to AngryBeavers)
Either they don't know what they are doing and just like the psychological feeling of getting $1,000 in hand every tenth pay period or they are performing the most complicated hedge scheme in history and will retire very shortly.... I'd put my money on the former.
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BACONisMEATcandy
LSU Fan
My opinions are my own
Member since Dec 2007
37938 posts
| re: I cannot figure out the logic of this. (Posted on 10/10/12 at 4:45 pm to AngryBeavers)
You can't use logic when there is none involved 
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reb13 
Ole Miss Fan
Oxford, MS
Member since May 2010
8239 posts
| re: I cannot figure out the logic of this. (Posted on 10/10/12 at 4:46 pm to AngryBeavers)
Maybe that's just the easiest way for them to save?
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AngryBeavers
LSU Fan
Member since Jun 2012
1723 posts
| re: I cannot figure out the logic of this. (Posted on 10/10/12 at 4:46 pm to Crbello4Hiceman)
quote:
performing the most complicated hedge scheme in history and will retire very shortly
This thought crossed my mind but then I just went back to living my life
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foshizzle
LSU Fan
Member since Mar 2008
25474 posts
 Online
| re: I cannot figure out the logic of this. (Posted on 10/10/12 at 4:48 pm to AngryBeavers)
Basically like fantasy football except it takes less time.
Not uncommon among Hispanics, btw.
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AngryBeavers
LSU Fan
Member since Jun 2012
1723 posts
| re: I cannot figure out the logic of this. (Posted on 10/10/12 at 4:49 pm to foshizzle)
quote:
Not uncommon among Hispanics, btw.
How could you tell? 
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Jim Rockford
LSU Fan
Member since May 2011
23935 posts
| re: I cannot figure out the logic of this. (Posted on 10/10/12 at 4:49 pm to AngryBeavers)
You could look at it as kind of a payroll deduction plan. They'll blow that $100 weekly on insconsequential bullshite, or they can net $900 every ten weeks and have a hellacious blowout.
Also, the guy who wins the first time is always ahead. The worst he can do is break even. When he quits or the game ends, he'll be anywhere from $0 to $900 up, depending on where he is in the cycle. Everybody else is always playing catch up.
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WikiTiger
LSU Fan
Member since Sep 2007
38589 posts
Online
| re: I cannot figure out the logic of this. (Posted on 10/10/12 at 4:51 pm to Tiger4Ever)
quote:
And that's why they are warehouse workers...
yea, but man, for real, the inability to manage money is not exclusive to blue collar workers. I know people with graduate degrees that live paycheck to paycheck and are in perpetual debt
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Jim Rockford
LSU Fan
Member since May 2011
23935 posts
| re: I cannot figure out the logic of this. (Posted on 10/10/12 at 4:53 pm to WikiTiger)
quote:
yea, but man, for real, the inability to manage money is not exclusive to blue collar workers. I know people with graduate degrees that live paycheck to paycheck and are in perpetual debt
Especially if they have MD or JD after their name.
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Tiger4Ever
UTEP Fan
Member since Aug 2003
35038 posts
| re: I cannot figure out the logic of this. (Posted on 10/10/12 at 4:55 pm to WikiTiger)
quote:
yea, but man, for real, the inability to manage money is not exclusive to blue collar workers. I know people with graduate degrees that live paycheck to paycheck and are in perpetual debt
No doubt, and I make fun of them all the same.
I do have to adjust the delivery though.
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AngryBeavers
LSU Fan
Member since Jun 2012
1723 posts
| re: I cannot figure out the logic of this. (Posted on 10/10/12 at 4:57 pm to Jim Rockford)
The funniest part was the people in the office who thought it was a good idea and said "We should do that!"
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foshizzle
LSU Fan
Member since Mar 2008
25474 posts
Online
| re: I cannot figure out the logic of this. (Posted on 10/10/12 at 5:00 pm to AngryBeavers)
Eh, if you can live on $100 less I don't see that it does any harm. Brings everyone together and all that too, much like fantasy sports.
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foshizzle
LSU Fan
Member since Mar 2008
25474 posts
Online
| re: I cannot figure out the logic of this. (Posted on 10/10/12 at 5:01 pm to AngryBeavers)
quote:
quote:
Not uncommon among Hispanics, btw.
How could you tell?
Oh, just a lucky guess. 
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TheHiddenFlask 
Clemson Fan
The Welsh red light district
Member since Jul 2008
16420 posts
| re: I cannot figure out the logic of this. (Posted on 10/10/12 at 5:22 pm to reb13)
quote:
Maybe that's just the easiest way for them to save?
This is the only real point of that program I can see (other than the first guy who created it figuring he would get a payday on it, as previously mentioned).
If they are hispanic, it's probably so they can have one large lump sum to put into a money order and send home, or so that they can make large purchases (as the lower classs is "underbanked"). Saving money in a jar is a great way to get robbed, but this way, they get to make 1 big purchase every 2.5 months.
Just postulating...
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foshizzle
LSU Fan
Member since Mar 2008
25474 posts
Online
| re: I cannot figure out the logic of this. (Posted on 10/10/12 at 5:31 pm to TheHiddenFlask)
That strikes me as fairly good postulating, although I'd bet not all of the $1000 goes to that money order.
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WikiTiger
LSU Fan
Member since Sep 2007
38589 posts
Online
| re: I cannot figure out the logic of this. (Posted on 10/10/12 at 5:33 pm to TheHiddenFlask)
quote:
This is the only real point of that program I can see (other than the first guy who created it figuring he would get a payday on it, as previously mentioned).
If they are hispanic, it's probably so they can have one large lump sum to put into a money order and send home, or so that they can make large purchases (as the lower classs is "underbanked"). Saving money in a jar is a great way to get robbed, but this way, they get to make 1 big purchase every 2.5 months.
Just postulating...
Yea, but it seems like a tenuous system, with a high potential for conflict.
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TheHiddenFlask
Clemson Fan
The Welsh red light district
Member since Jul 2008
16420 posts
| re: I cannot figure out the logic of this. (Posted on 10/10/12 at 5:40 pm to WikiTiger)
quote:
Yea, but it seems like a tenuous system, with a high potential for conflict.
I didn't say that it was good, or that I would be part of it. Just trying to justify the rationale.
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MikeBRLA
LSU Fan
Baton Rouge
Member since Jun 2005
8743 posts
| re: I cannot figure out the logic of this. (Posted on 10/10/12 at 5:48 pm to AngryBeavers)
With their logic, I'd have to assume that their retirement plan is the lottery?
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