Living wage for casino workers in NY
December 23rd, 2013 at 9:50:36 PM
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Resorts World casino at the Aqueduct ractrack in Queens, NY has been ordered to double the salary of their employees so as to afford them a living wage.
What happened to the free market?
A NY labor arbitrator just decided that employees at Resorts World must be paid a living wage...some people's incomes doubled...I wonder how much less the payouts will be on the machines to pay for this
NY TIMES
What happened to the free market?
A NY labor arbitrator just decided that employees at Resorts World must be paid a living wage...some people's incomes doubled...I wonder how much less the payouts will be on the machines to pay for this
NY TIMES
December 23rd, 2013 at 9:52:39 PM
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It's the closest casino to my house and I've never been there. Good for the employees! That will be a boost to the local economy in Queens.Quote: aceofspadesA NY labor arbitrator just decided that employees at Resorts World must be paid a living wage...some people's incomes doubled...I wonder how much less the payouts will be on the machines to pay for this
NY TIMES
Someday, joor goin' to see the name of Googie Gomez in lights and joor goin' to say to joorself, "Was that her?" and then joor goin' to answer to joorself, "That was her!" But you know somethin' mister? I was always her yuss nobody knows it! - Googie Gomez
December 23rd, 2013 at 9:53:59 PM
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Quote: s2dbakerIt's the closest casino to my house and I've never been there. Good for the employees! That will be a boost to the local economy in Queens.Quote: aceofspadesA NY labor arbitrator just decided that employees at Resorts World must be paid a living wage...some people's incomes doubled...I wonder how much less the payouts will be on the machines to pay for this
NY TIMES
Really...how so? Do you not believe that the consumers will ultimately pay the price of forcing businesses to pay low skill level employees a wage they do not deserve?
December 23rd, 2013 at 10:09:21 PM
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Quote: s2dbakerGood for the employees! That will be a boost to the local economy in Queens.
After a bunch of them get fired? LOL *facepalm*
Fighting BS one post at a time!
December 23rd, 2013 at 10:13:32 PM
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Quote: aceofspadesDo you not believe that the consumers will ultimately pay the price of forcing businesses to pay low skill level employees a wage they do not deserve?
Do you believe "the market" to be the sole arbiter of the "correct wage". Unions force businesses to pay low skill level employees a wage they do not deserve. Minimum wage laws do the same.
An English waiter's jacket could cost fifty dollars but his services were supposedly worth 38 to 43 dollars a year because those were his wages.
The English forced the landed gentry to take the risk of poor agricultural profits.
The casino employees are largely carneys, a field known for low skilled felons. Should we adjust hiring to require felons to apply to maintain historical continuity?
December 23rd, 2013 at 10:27:16 PM
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I believe that forcing businesses to pay beyond minimum wage only serves to create a de facto new minimum wage. Employee numbers will decrease so as to maintain the same level of profitability.
Who said anything about historical continuity? Your arguments are specious and have nothing to do with how this will affect employee's continuing to be employed and whether this will bring more money to the local economy...additionally, who is magically going to pay for this increase? If you say the casino makes enough to pay...then where is the cutoff --should businesses have a "win goal" set for them by the government?
Who said anything about historical continuity? Your arguments are specious and have nothing to do with how this will affect employee's continuing to be employed and whether this will bring more money to the local economy...additionally, who is magically going to pay for this increase? If you say the casino makes enough to pay...then where is the cutoff --should businesses have a "win goal" set for them by the government?
December 23rd, 2013 at 10:27:57 PM
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Quote: Beethoven9thAfter a bunch of them get fired? LOL *facepalm*
Quite right
A business is told they have to increase the salaries of individual employees.
So what can a business do to make up the loss....they cannot print money.
Soooooo
1- they can lay off enployees
2- they can reduce the number of full timers who also get benefits
3-they can reduce benefits. reduce number of paid holidays, reduce or eliminate paid sick days, eliminate paid behreveament days, reduce or eliminate 401k matching, stop paying time and a half for working holidays,
4- increase prices for food and drinks to the public
5- reduce comps
6-charge for parking or increase charges for parking
7- reduce charitable donations to local charities.
8-tighten up payouts on slots
others will pay for it. Probably all of the above will occur. Net result is that people who work there will have t do more with less. There will be less other employees around to "lend a hand"....thhey will work..and work hard,,and the company will get their monies worth
December 23rd, 2013 at 10:39:36 PM
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These arguments would be meaningful if they actually panned out in reality http://www.businessforafairminimumwage.org/news/00135/research-shows-minimum-wage-increases-do-not-cause-job-loss http://www.cepr.net/documents/publications/min-wage-2013-02.pdf there has been no good evidence to suggest a raise in the minimum wage contributes to unemployement. It makes sense they wouldn't fire people since the goal is to maximize profits not to reach some arbitrary profit goal. If they could have fired people and still produced as much product or done all the work they would have. No reason to have dead weight.
December 23rd, 2013 at 10:42:10 PM
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The free market is a theoretical fantasy which doesn't exist. The only way to have a free market is with no laws at all. Every industry and profession has government their enforcer in one way or another, especially in the era where votes are just a formality for elections and no longer the essential factor.
One can say these employees have no skill, but once their pay goes up, future hires will suddenly be of a higher quality. Paybacks will not be affected because NY has already established high standards they can't go lower and decreases may not be possible. I would expect machines with a lower frequency of hand pays in the future. I think higher wages might increase profits because of increased employee morale, happier customers. They can afford it bottom line because of the lack of competition thanks to government.
One can say these employees have no skill, but once their pay goes up, future hires will suddenly be of a higher quality. Paybacks will not be affected because NY has already established high standards they can't go lower and decreases may not be possible. I would expect machines with a lower frequency of hand pays in the future. I think higher wages might increase profits because of increased employee morale, happier customers. They can afford it bottom line because of the lack of competition thanks to government.
I am a robot.
December 24th, 2013 at 3:10:16 AM
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Quote: s2dbaker
NY TIMESIt's the closest casino to my house and I've never been there. Good for the employees! That will be a boost to the local economy in Queens.
It will surely help any outfit that sells self-serve machines of any type from bill-breakers to slots. And the local unemployment office is going to see more traffic as the layoffs increase.
All animals are equal, but some are more equal than others
December 24th, 2013 at 3:41:22 AM
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Fish don't fry in the kitchen
Beans don't burn on the grill
Took a whole lotta tryin'
Just to get up that hill
I'm glad to see that they're movin' on up. I await the follow up article, six months from now, telling us if all 1375 employees mentioned in this piece still work there.
Beans don't burn on the grill
Took a whole lotta tryin'
Just to get up that hill
I'm glad to see that they're movin' on up. I await the follow up article, six months from now, telling us if all 1375 employees mentioned in this piece still work there.
Many people, especially ignorant people, want to punish you for speaking the truth. - Mahatma Ghandi
December 24th, 2013 at 3:47:16 AM
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Quote: onenickelmiracleThe free market is a theoretical fantasy which doesn't exist. The only way to have a free market is with no laws at all. Every industry and profession has government their enforcer in one way or another, especially in the era where votes are just a formality for elections and no longer the essential factor.
One can say these employees have no skill, but once their pay goes up, future hires will suddenly be of a higher quality. Paybacks will not be affected because NY has already established high standards they can't go lower and decreases may not be possible. I would expect machines with a lower frequency of hand pays in the future. I think higher wages might increase profits because of increased employee morale, happier customers. They can afford it bottom line because of the lack of competition thanks to government.
A brillant post
+1
Each day is better than the next
December 24th, 2013 at 3:51:25 AM
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I go to resorts world every day. I speak to the employees. Here is what I have been told.
Most of the employees were making minimum wage - some of them were working for tips only--serving girls etc.
The 2000 plus employees fought in court and wherever else to go union.
The deal was they join the hotel union here in NY.
Per union rules, the casino was told to open their books to show what their profit margin was so an independent arbiter could determine what would be a "fair" increase in salary that would not cause undue harm to the casino but still increase the wages of the now unionized workers.
The casino refused to open their books(newspaper articles have said they are one of the most successful casinos in North America and they have been bragging in their literature that they made close to a billion dollars last year--this casino has no hotel and only a small gift shop about the size of a baskin robbins so their profit was completely off gambling.
Since they refused to open their books, the independent arbiter set forward his recommendations for wage increases without knowledge of what "fair" would be to the casinos bottom line and rather than take the bait, the casino agreed to the increase.
Most people feel Resorts World would have been forced to pay even higher wages than ordered based on their open books and union rules. They apparently felt they were saving themselves from further ruin.
Most of the employees were making minimum wage - some of them were working for tips only--serving girls etc.
The 2000 plus employees fought in court and wherever else to go union.
The deal was they join the hotel union here in NY.
Per union rules, the casino was told to open their books to show what their profit margin was so an independent arbiter could determine what would be a "fair" increase in salary that would not cause undue harm to the casino but still increase the wages of the now unionized workers.
The casino refused to open their books(newspaper articles have said they are one of the most successful casinos in North America and they have been bragging in their literature that they made close to a billion dollars last year--this casino has no hotel and only a small gift shop about the size of a baskin robbins so their profit was completely off gambling.
Since they refused to open their books, the independent arbiter set forward his recommendations for wage increases without knowledge of what "fair" would be to the casinos bottom line and rather than take the bait, the casino agreed to the increase.
Most people feel Resorts World would have been forced to pay even higher wages than ordered based on their open books and union rules. They apparently felt they were saving themselves from further ruin.
For Whom the bus tolls; The bus tolls for thee
December 24th, 2013 at 4:03:36 AM
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Quote: onenickelmiracleI think higher wages might increase profits because of increased employee morale, happier customers. They can afford it bottom line because of the lack of competition thanks to government.
But the casino should be allowed to make this choice, similar to how Costco chooses to pay a higher wage because they feel they will make it back in reduced turnover.
Lets put the shoe on the other foot. Gasoline has a low profit margin at the retail level. Gas stations are often owned by independents working long hours. Perhaps we should legislate a "living profit margin" on gasoline and raise the price to $5 a gallon? I'm sure you would be happier as a customer since the employee morale would be higher and this would make up for your increase in costs.
All animals are equal, but some are more equal than others
December 24th, 2013 at 4:23:36 AM
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RW is the most popular video slot parlor in the region. Their vig is regulated by New York State lottery. This is a win all around. The employees get paid, the tax payers don't have to pay for TANF for those employees, the employees are happier and will do a better job. So yes, I do not believe that the consumers will ultimately pay the price of forcing businesses to pay low skill level employees a wage they deserve.Quote: aceofspadesReally...how so? Do you not believe that the consumers will ultimately pay the price of forcing businesses to pay low skill level employees a wage they do not deserve?
So you know that they haven't already maximized the use of bill breakers? You have some insight into RW's operations in Queens?Quote: AZDuffmanIt will surely help any outfit that sells self-serve machines of any type from bill-breakers to slots.
Actually, that won't happen.Quote: AZDuffmanAnd the local unemployment office is going to see more traffic as the layoffs increase.
Someday, joor goin' to see the name of Googie Gomez in lights and joor goin' to say to joorself, "Was that her?" and then joor goin' to answer to joorself, "That was her!" But you know somethin' mister? I was always her yuss nobody knows it! - Googie Gomez
December 24th, 2013 at 4:24:09 AM
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Quote: AZDuffmanBut the casino should be allowed to make this choice.
Casinos are given special treatment by government, twelve ways from Sunday. What free market? You can't apply free market ideals when a free market does not exist in the casino industry. Granting licenses to certain individuals, organizations, corporations, etc., by government is not a free market. A faux free market at best.
Each day is better than the next
December 24th, 2013 at 4:31:53 AM
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Quote: onenickelmiracleOne can say these employees have no skill, but once their pay goes up, future hires will suddenly be of a higher quality.
This may or may not be a problem for current employees (depending on how the casino handles them) but raising the required skill level for new hires will impact those who would have gotten that type of job under the old pay scale--they suddenly won't be qualified. If the new hires are more qualified, they may supplant the current workers moving forward and you could see some of them let go for not having the correct skill set (whatever they determine that to be).
Quote: onenickelmiracleI would expect machines with a lower frequency of hand pays in the future.
Why do you expect a lower frequency of hand pays yet no impact on the paybacks? Do you think setting the machines that way, or putting that kind of machines (same payback but less opportunity for a hand pay) would be a subtle way to use less employees?
December 24th, 2013 at 5:53:11 AM
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Quote: treetopbuddyCasinos are given special treatment by government, twelve ways from Sunday. What free market? You can't apply free market ideals when a free market does not exist in the casino industry. Granting licenses to certain individuals, organizations, corporations, etc., by government is not a free market. A faux free market at best.
The gaming is regulated but the rest of the entertainment market is not. The rest of the economy is not. I will restate my position, the casino should be allowed to choose if they want to pay higher wages or not to meet their business objectives.
All animals are equal, but some are more equal than others
December 24th, 2013 at 5:55:37 AM
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Quote: aceofspadesResorts World casino at the Aqueduct ractrack in Queens, NY has been ordered to double the salary of their employees so as to afford them a living wage.
What happened to the free market?
A NY labor arbitrator just decided that employees at Resorts World must be paid a living wage...some people's incomes doubled...I wonder how much less the payouts will be on the machines to pay for this
NY TIMES
The free market of LABOR is alive and well, just as intended by our federal and state LABOR laws which allow for the maintenance of healthy, nonviolent relationships between management and workers via union representation. Just ask every Pro Athlete in this country.
December 24th, 2013 at 6:59:53 AM
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Quote: AZDuffmanThe gaming is regulated but the rest of the entertainment market is not. The rest of the economy is not. I will restate my position, the casino should be allowed to choose if they want to pay higher wages or not to meet their business objectives.
Agree 100%. If they are not happy there, the door is open, they are not slaves, find work they are happy with.
December 24th, 2013 at 7:18:51 AM
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toQuote: bwAgree 100%. If they are not happy there, the door is open, they are not slaves, find work they are happy with.
Another important thing to remember is higher wages does not guarantee a happier employee. If you hate the type of work you do you will still hate it, though you may tolerate it more. Management plays a huge part in it, too. Last year I was at a bank everyone hated working at, the quote that best summed it up was when a co-worker said, "this is the first place I ever worked where people leave to make less money."
All animals are equal, but some are more equal than others
December 24th, 2013 at 8:09:55 AM
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ACE do you own horses that race at Aqueduct?
Just wondering because you sound like the horsemen that share greatly in the take off those machines and are afraid somebody is taking a small slice to share with the workers that help make that big piece of the pie
These slots in NY are funding purse pools for racing if I am correct. Yonkers races for the biggest pools in harness racing history due to the slot money coming in. Top end drivers that used to make their living chasing the stake races purse pools no longer do that, they race nightly at Yonkers and have increased their take home doing so. All because the horses are getting a good piece of the action
IF RW is funding the purses at Aqueduct so the RICH OWNERS of the TBREDS can get richer why shouldnt they pay a decent wage to the workers?
click this link to see the insane purses they race for on Friday ... horses in claiming races going for purses greater than their claiming price>>? You know what this does to the horses >? they are injected with whatever prerace is working without detection at the time
http://www.nyra.com/aqueduct/entries/20131227/
Just wondering because you sound like the horsemen that share greatly in the take off those machines and are afraid somebody is taking a small slice to share with the workers that help make that big piece of the pie
These slots in NY are funding purse pools for racing if I am correct. Yonkers races for the biggest pools in harness racing history due to the slot money coming in. Top end drivers that used to make their living chasing the stake races purse pools no longer do that, they race nightly at Yonkers and have increased their take home doing so. All because the horses are getting a good piece of the action
IF RW is funding the purses at Aqueduct so the RICH OWNERS of the TBREDS can get richer why shouldnt they pay a decent wage to the workers?
click this link to see the insane purses they race for on Friday ... horses in claiming races going for purses greater than their claiming price>>? You know what this does to the horses >? they are injected with whatever prerace is working without detection at the time
http://www.nyra.com/aqueduct/entries/20131227/
December 24th, 2013 at 8:25:44 AM
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Quote: LarryS
A business is told they have to increase the salaries of individual employees.
So what can a business do to make up the loss....they cannot print money.
Soooooo
1- they can lay off enployees
2- they can reduce the number of full timers who also get benefits
3-they can reduce benefits. reduce number of paid holidays, reduce or eliminate paid sick days, eliminate paid behreveament days, reduce or eliminate 401k matching, stop paying time and a half for working holidays,
4- increase prices for food and drinks to the public
5- reduce comps
6-charge for parking or increase charges for parking
7- reduce charitable donations to local charities.
8-tighten up payouts on slots
I find it interesting what is not on this list. It seems to me that one reasonable thing the business could do is lower the scandalous wage discrepancy between the highest paid people (such as the owners and executive officers) and the lowest paid average joe.
December 24th, 2013 at 8:54:46 AM
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About 25 years ago when I was opart of managment of a retail chain in NJ, ..the NJ minimum wage went up.
Immediately upon the passage of that legislation, the NJ sotres had a hiring freeze imposed by corporate.
As people voluntarily left their jobs(moving, finding better jobs)....theywere not replaced.
The people left behind(cashiers, stock people)....had to do more with less. They had to work faster to get lines moving, they had to stock shelves and clean the store faster. Customers had longer lines at times to wait on.
so massive layoffs did not occur. Part timers got less hours each week, full timers got to remain full time but were given hours near the minimum required to be labeled full time(32hrs)...when hiring occured it was part timers only.
And before you knew it...the extra expenditure forced on the chain for payroll was paid for by others in lost hours and extra sweat and stress.
the idea that people getting more money makes them a better worker is silly, When they get more money, more is expected of them, and the stress levels of the job goes up. As expectations goes up...its not long before they are cursing management and customers under their breath like they did before.
Immediately upon the passage of that legislation, the NJ sotres had a hiring freeze imposed by corporate.
As people voluntarily left their jobs(moving, finding better jobs)....theywere not replaced.
The people left behind(cashiers, stock people)....had to do more with less. They had to work faster to get lines moving, they had to stock shelves and clean the store faster. Customers had longer lines at times to wait on.
so massive layoffs did not occur. Part timers got less hours each week, full timers got to remain full time but were given hours near the minimum required to be labeled full time(32hrs)...when hiring occured it was part timers only.
And before you knew it...the extra expenditure forced on the chain for payroll was paid for by others in lost hours and extra sweat and stress.
the idea that people getting more money makes them a better worker is silly, When they get more money, more is expected of them, and the stress levels of the job goes up. As expectations goes up...its not long before they are cursing management and customers under their breath like they did before.
December 24th, 2013 at 11:51:04 AM
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Quote: s2dbakerJust curious, I'm not saying that there's a wrong answer here. Do you believe that a Neurosurgeon, if offered the same pay, would ditch his chainsaw scalpel and pick up a broom to sweep floors all day?
YES! But, if everyone earned equal pay, who would choose a profession such as neurosurgeon or even the guy who has to change the lightbulbs on the top of skyscrapers…stress, danger, life/death decisions? Society rewards (or, at least used to) ingenuity, intelligence and talent. Without such carrots...
December 25th, 2013 at 6:50:57 PM
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I have asked the WIZARD to remove the race discussion to its own thread
December 25th, 2013 at 7:44:53 PM
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Quote: TwirdmanThough it is foolish to just neglect wealth inequality .
That's why communism was invented. Wealth inequality
is the only thing that works well. Our poor people in
the States live like kings compared to the real poor
people in a lot of the rest of the world. Wealth inequality
raises the standard of living for everybody involved.
"It's not called gambling if the math is on your side."
December 25th, 2013 at 7:50:03 PM
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By request, I split off every post about when Rush Limbaugh was first mentioned. EB's post above came in while I was taking my meat cleaver to this thread, so please make responses to that in the new thread: Rush Limbaugh -- Patriot or Racist -- Discuss. This thread should be about a living wage for casino workers in NY only.
"For with much wisdom comes much sorrow." -- Ecclesiastes 1:18 (NIV)
December 25th, 2013 at 8:20:29 PM
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Thank you WIZARD.
December 25th, 2013 at 9:53:51 PM
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The article stated that Resorts World machines average a $432 win each per day. That would be a $157,560 win per year for each machine. Their website states they have over 3,000 machines. That would be at least a $474,000,000 win for the casino every year.
The article stated that the salary of 1,374 employee's doubled to $20.50 per hour. So they were averaging $10.25 per hour before the raise. Based on a 40 hour week/ 52 week year, they were making $21,320 per year each.
1,374 employee's times $21,320 per year would be a labor cost of $29,293,680 plus payroll taxes and benefits.
With the raise the labor cost doubles to $58,587,360 plus payroll taxes and benefits.
Labor cost would be about 12% of the casino win. Throw in payroll taxes and benefits and their labor cost for low skilled workers (the great bulk of their employees) would probably be under 15% of the casino win. So the labor cost before the raise would have been about 7.5% of the casino win.
If I took a wild guess and said Las Vegas casino executives would give their hind teeth to have a labor cost for their low skilled workers under 15% of casino win, would you say I'm right or wrong?
The article stated that the salary of 1,374 employee's doubled to $20.50 per hour. So they were averaging $10.25 per hour before the raise. Based on a 40 hour week/ 52 week year, they were making $21,320 per year each.
1,374 employee's times $21,320 per year would be a labor cost of $29,293,680 plus payroll taxes and benefits.
With the raise the labor cost doubles to $58,587,360 plus payroll taxes and benefits.
Labor cost would be about 12% of the casino win. Throw in payroll taxes and benefits and their labor cost for low skilled workers (the great bulk of their employees) would probably be under 15% of the casino win. So the labor cost before the raise would have been about 7.5% of the casino win.
If I took a wild guess and said Las Vegas casino executives would give their hind teeth to have a labor cost for their low skilled workers under 15% of casino win, would you say I'm right or wrong?
"Quit trying your luck and start trying your skill." Mickey Crimm
December 25th, 2013 at 10:02:47 PM
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As other casinos open in NY and the profits drop, should the salaries then go down? And should workers in a business that isn't turning a profit for the year be expected to work for free? They are employees, not shareholders.
December 25th, 2013 at 10:04:40 PM
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Quote: mickeycrimmThe article stated that Resorts World machines average a $432 win each per day. That would be a $157,560 win per year for each machine. Their website states they have over 3,000 machines. That would be at least a $474,000,000 win for the casino every year.
The article stated that the salary of 1,374 employee's doubled to $20.50 per hour. So they were averaging $10.25 per hour before the raise. Based on a 40 hour week/ 52 week year, they were making $21,320 per year each.
1,374 employee's times $21,320 per year would be a labor cost of $29,293,680 plus payroll taxes and benefits.
With the raise the labor cost doubles to $58,587,360 plus payroll taxes and benefits.
Labor cost would be about 12% of the casino win. Throw in payroll taxes and benefits and their labor cost for low skilled workers (the great bulk of their employees) would probably be under 15% of the casino win. So the labor cost before the raise would have been about 7.5% of the casino win.
If I took a wild guess and said Las Vegas casino executives would give their hind teeth to have a labor cost for their low skilled workers under 15% of casino win, would you say I'm right or wrong?
This again points out to why an increase in minimum wage has very small effects on most things. The simple fact of the matter is labor cost is a very small part of overall cost. Also will point out while a very good analyse technically while labor cost went from 29.3 to 58.6, little rounding, that does not translate to the full reduction of profits by 29.3 million since their tax burden has gone down. But yeah even now payroll is only 15% of casino revenue, hoping I'm reading this right and 432 win is just the 432 hold so the revenue is what you said 474 million.
December 25th, 2013 at 10:12:53 PM
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Standard PRB (roll-up) is usually calculated at about 30% for a full time employee with benefits including retirement. So more like 16% or so than under 15%. But a very significant point you're making. Most service industries, labor costs are 50-60% of overhead. It sounds like Resorts World had a pretty sweet deal, and really they still do.
If the House lost every hand, they wouldn't deal the game.
December 25th, 2013 at 10:14:23 PM
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Quote: TwirdmanThis again points out to why an increase in minimum wage has very small effects on most things. .
It has a huge effect on small business, like a restaurant
or mom and pop place. My wife had a business for 15
years and if she had to pay $15 an hour to her 6 employees
she would have gone out of business the first month.
"It's not called gambling if the math is on your side."
December 26th, 2013 at 12:08:59 AM
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I guess the idea people are applauding is that every business should open up their books to an arbitor, and pay people according to the success of their business.
So a guy that sweeps the floor in maceys, should make more money than a guy that sweeps the floors in K-mart.
People who work for companies not making a profit should do what?.....go to arbitration, have the books reviewed and have their pay reduced?
is that the way it works?
If boeing loses a big contract...do they open their books and have arbitration cut everyones pay across the board?
does it work both ways? If a business is failing, does arbitration order the cutting in half of wages???
So a guy that sweeps the floor in maceys, should make more money than a guy that sweeps the floors in K-mart.
People who work for companies not making a profit should do what?.....go to arbitration, have the books reviewed and have their pay reduced?
is that the way it works?
If boeing loses a big contract...do they open their books and have arbitration cut everyones pay across the board?
does it work both ways? If a business is failing, does arbitration order the cutting in half of wages???
December 26th, 2013 at 5:54:25 AM
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Quote: bwAs other casinos open in NY and the profits drop, should the salaries then go down? And should workers in a business that isn't turning a profit for the year be expected to work for free? They are employees, not shareholders.
I agree 100%. And how about this.... You run a moderately successful ice cream shop, and your scoopers get the standard, non collusive wage of a buck or two an hour more than the minimum wage. But you invent a flavor that is so much better than the competition, you can charge double what the competition does and still sell the same volume of product. Your scoopers still do the same work, but you can make a much larger profit. Should you be required to give them a raise because your work and effort into creating a new flavor was a success? Or should you be able to keep the profits?
The guy at the ice cream shop down the road tried to invent a new flavor, too. He spent thousands of dollars trying... but failed.... should he ask the scoopers to take a pay cut?
December 26th, 2013 at 7:03:41 AM
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Liberalism at its worst, or at the only way it knows. They don't like success by the way they judge it. You have more than they think is right, you should be punished. Their goal is to raise the minimum wage full well knowing the next step is to then raise the wages of everyone else. "How can that plumber only be making $22 an hour when a Fast Food workers is making $15?"
The successful people that claim to be liberals feel they are so much better than others and it makes them feel good believing that what they did others could not do. My view on liberals may be simple, but it is the core of what they believe. They overall are a group of lazy people who are unwilling to work more than 40 hours a week to have the extras in life. They want them handed to them. They don't take 2nd jobs to have more, they bash others who do that.
Liberalism is a failure that future generations will look back at in laughter. Or I could be wrong and we just bred a generation of lazy losers and the gap will only get larger between richer and poorer because more and more are happy with next to nothing and are proud they didn't have to work to have nothing.
The successful people that claim to be liberals feel they are so much better than others and it makes them feel good believing that what they did others could not do. My view on liberals may be simple, but it is the core of what they believe. They overall are a group of lazy people who are unwilling to work more than 40 hours a week to have the extras in life. They want them handed to them. They don't take 2nd jobs to have more, they bash others who do that.
Liberalism is a failure that future generations will look back at in laughter. Or I could be wrong and we just bred a generation of lazy losers and the gap will only get larger between richer and poorer because more and more are happy with next to nothing and are proud they didn't have to work to have nothing.
December 26th, 2013 at 7:42:52 AM
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As I said in my earlier post about how the employees fought to go union at Resorts World, I am there everyday and have these discussions with the staff.
FYI, the $432 figure is for slot machines only. They have a lot of E-games including roulette, craps, baccarat and sic-bo. There are no parlor table games and no black jack for those who are wondering(Blackjack is illegal in NY state).
The table games make more than the slots although they have a lot less seats. The take per year so far has been just shy of 1 billion. 2012 it was something like 977 million dollars--I have to find the exact article.
However, take into account the following. The deal with NY state was the casino split the revenue with them fifty-fifty so resorts world makes about half that minus operating costs. It actually works out to less than $400 million per year--approximately three hundred million.
FYI, the $432 figure is for slot machines only. They have a lot of E-games including roulette, craps, baccarat and sic-bo. There are no parlor table games and no black jack for those who are wondering(Blackjack is illegal in NY state).
The table games make more than the slots although they have a lot less seats. The take per year so far has been just shy of 1 billion. 2012 it was something like 977 million dollars--I have to find the exact article.
However, take into account the following. The deal with NY state was the casino split the revenue with them fifty-fifty so resorts world makes about half that minus operating costs. It actually works out to less than $400 million per year--approximately three hundred million.
For Whom the bus tolls; The bus tolls for thee
December 26th, 2013 at 8:20:46 AM
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http://nylottery.ny.gov/wps/portal/!ut/p/c5/04_SB8K8xLLM9MSSzPy8xBz9CP0os_jggBC3kDBPE0MLC0dnA09vT0fLQDNvA0dfU30_j_zcVP2CbEdFACF_Djk!/dl3/d3/L0lDU0lKSWdrbUEhIS9JRFJBQUlpQ2dBek15cXchLzRCRWo4bzBGbEdpdC1iWHBBRUEhLzdfU1BURlRWSTQxODhBQzBJS0lBOVE2SzBRUzAvNGNhVGE3MjUyMDAwMQ!!/?PC_7_SPTFTVI4188AC0IKIA9Q6K0QS0_WCM_CONTEXT=/wps/wcm/connect/NYSL+Content+Library/NYSL+Internet+Site/Home/Video+Gaming/VIDEO+GAMING+REPORTS/
Here is the link for the NYS lottery--u can download the pdf for resorts world income generated for every month since they opened.
They make on average $25 million a month in profit(they are the agent commission column)
Note the freeplay(which is controlled by the state lottery) went down from 6.8 million in allotments Sept. down to 5.9 million in October. This was due to a change in how the freeplay was allotted which significantly affected what every player received.
The casino felt everyone was playing the freeplay and leaving so they made restrictions.
The hotel union contract went into effect on October 18 in case anyone was wondering so the reduction in profits from paying union wages for October was marginal.
Here is the link for the NYS lottery--u can download the pdf for resorts world income generated for every month since they opened.
They make on average $25 million a month in profit(they are the agent commission column)
Note the freeplay(which is controlled by the state lottery) went down from 6.8 million in allotments Sept. down to 5.9 million in October. This was due to a change in how the freeplay was allotted which significantly affected what every player received.
The casino felt everyone was playing the freeplay and leaving so they made restrictions.
The hotel union contract went into effect on October 18 in case anyone was wondering so the reduction in profits from paying union wages for October was marginal.
For Whom the bus tolls; The bus tolls for thee
December 26th, 2013 at 9:00:35 AM
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This is difficult to discuss without derailing, but the level of government involvement in gambling is obscene. Licenses are only awarded to companies that cough up huge political campaign contributions, and no one seems to have a problem with it because they irrationally fear free-market alternatives.
The best remedy for income inequality is to eliminate the aspects of government that have exacerbated the problem. Here's a hint:
The best remedy for income inequality is to eliminate the aspects of government that have exacerbated the problem. Here's a hint:
"Scientists tell us that the fastest animal on earth, with a top speed of 120 feet per second, is a cow that has been dropped out of a helicopter."
