I cannot figure out the logic of this. | TigerDroppings.com
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AngryBeavers
LSU Fan
Member since Jun 2012
4554 posts

I cannot figure out the logic of this.

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.


Tiger4Ever
UTEP Fan
Member since Aug 2003
35933 posts

re: I cannot figure out the logic of this.
And that's why they are warehouse workers...


Crbello4Hiceman
LSU Fan
Lurking
Member since May 2011
487 posts

re: I cannot figure out the logic of this.
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.


BACONisMEATcandy
LSU Fan
Delta, Amex, & Über Threads
Member since Dec 2007
42595 posts

re: I cannot figure out the logic of this.
You can't use logic when there is none involved


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reb13
Ole Miss Fan
Oxford, MS
Member since May 2010
10177 posts

re: I cannot figure out the logic of this.
Maybe that's just the easiest way for them to save?


AngryBeavers
LSU Fan
Member since Jun 2012
4554 posts

re: I cannot figure out the logic of this.
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
Washington DC metro
Member since Mar 2008
31211 posts
Online

re: I cannot figure out the logic of this.
Basically like fantasy football except it takes less time.

Not uncommon among Hispanics, btw.


AngryBeavers
LSU Fan
Member since Jun 2012
4554 posts

re: I cannot figure out the logic of this.
quote:

Not uncommon among Hispanics, btw.


How could you tell?


Jim Rockford
LSU Fan
Member since May 2011
40081 posts
Online

re: I cannot figure out the logic of this.
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.


WikiTiger
LSU Fan
Member since Sep 2007
40721 posts

re: I cannot figure out the logic of this.
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


Jim Rockford
LSU Fan
Member since May 2011
40081 posts
Online

re: I cannot figure out the logic of this.
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
35933 posts

re: I cannot figure out the logic of this.
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
4554 posts

re: I cannot figure out the logic of this.
The funniest part was the people in the office who thought it was a good idea and said "We should do that!"


foshizzle
LSU Fan
Washington DC metro
Member since Mar 2008
31211 posts
Online

re: I cannot figure out the logic of this.
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
Washington DC metro
Member since Mar 2008
31211 posts
Online

re: I cannot figure out the logic of this.
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
17336 posts
Online

re: I cannot figure out the logic of this.
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...


foshizzle
LSU Fan
Washington DC metro
Member since Mar 2008
31211 posts
Online

re: I cannot figure out the logic of this.
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
40721 posts

re: I cannot figure out the logic of this.
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.


TheHiddenFlask
Clemson Fan
The Welsh red light district
Member since Jul 2008
17336 posts
Online

re: I cannot figure out the logic of this.
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
9603 posts
Online

re: I cannot figure out the logic of this.
With their logic, I'd have to assume that their retirement plan is the lottery?


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