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Message
I cannot figure out the logic of this.
Posted on 10/10/12 at 4:38 pm
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. 
9
Posted on 10/10/12 at 4:43 pm to AngryBeavers
And that's why they are warehouse workers...
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.
Posted on 10/10/12 at 4:45 pm to AngryBeavers
You can't use logic when there is none involved 
Posted on 10/10/12 at 4:46 pm to AngryBeavers
Maybe that's just the easiest way for them to save?
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
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.
Not uncommon among Hispanics, btw.
Posted on 10/10/12 at 4:49 pm to foshizzle
quote:
Not uncommon among Hispanics, btw.
How could you tell?
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.
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.
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
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.
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.
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!"
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.
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.
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...
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.
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.
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.
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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