SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: tejek who wrote (320403)1/12/2007 4:09:34 PM
From: TimF  Read Replies (1) of 1574480
 
Resources accounts are disabled. User can not use password for resource account, notified user VM.

You have it precisely wrong. A democracy is indeed about voting. Its about how the decisions are reached, not about what those decisions are.

Supply and demand are important but if the owners don't have the cash, they can't pay the higher salaries.

If the owners have less cash, then effectively they have less demand. The supply stays the same, so prices should come down (eventually, but it won't be a swift or easy transition). OTOH the owners will have a ton of cash even without public financing. And that level of cash will probably go up over time. Combine that with the union pushing for higher salaries all the time, and elimination of public funding of stadiums will probably only have a marginal effect on player's salaries. And that effect will be more to reduce the increase of salaries, not to decrease them, at least not by much or in any sustained way.

Do you think D. Jeter would decide to go be a computer programmer because the Yankees can only afford to pay him $2 million rather than $4 million per year?

If they could get away with halving his salary (BTW its close to $20mil then to $4mil) then he probably would still play baseball.

Of course cutting his salary in half would be breaking his contract. They could be sued and would probably lose. If the contract just went away he would be a free agent and would make more than half of his current salary, quite possibly more than 100% of his current salary.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News