Vail Stock

[easyrider16]

Telling people they should not invest in profitable companies because they don't pay a living wage is about as effective as Trump telling his people to boycott Coke.

You don't have to be a lefty to see the problem with income inequality in this country, though. If you're any kind of business owner and you think longer term, you'll realize that we are a consumer-driven economy and if consumers have less money, the economy will grow more slowly. A higher minimum wage would be a long term boon to most business in the long run.

[yiddle on da fiddle]

It's not just a ski stock, but it's mostly a ski stock, the skiing is what drives everything else - the retail, restaurants, lodging, and real estate which is why they are so quick to invest in on mountain improvements like lifts and lodges.

The reason the stock has gone up is mostly because of their CEO Robert Katz, a Wharton School of Business wiz kid who took over Vail at the ripe old age of 39 in 2006 when the stock price was $33/share.

This article about him is from 2017 but it's a great read about him and what he's done since taking over:

https://www.5280.com/2016/12/rob-katz-i ... -industry/

Exactly - not a ski stock - it's a lifestyle stock with a subscription model - 900 bucks a year per person + lodging and food.

what are they going to do when climate change greatly hinders skiing? i cant imagine mountain biking taking over to the same level.

also, the stock goes up because the elitist business school types believe the workers who make their resorts happen should be paid minimum wage, and if they wont do it, theyll import J1 workers to do it for them. for example, ski instruction used to be a salaried, full time job with benefits. now? minimum wage hourly with no set hours. this isnt a shot at vail, but rather, every single business out there thats large enough to be publicly traded. its all about the shareholders, f*** the people who actually WORK to make it happen.

f*** the workers, lets make the wealthy wealthier!

Your ~26yo angst and entitlement is showing again....

"entitlement" = belief one who works and makes the company function should be paid a living wage, instead of enriching the already wealthy shareholders who contribute nothing to the function of a company. WILD.

boomers, the most entitled generation in the world, who believe THEY should be wealthy off of the work of OTHERS because they "invest".

Ha ha ha....butt seriously.....

[hillbangin]

Telling people they should not invest in profitable companies because they don't pay a living wage is about as effective as Trump telling his people to boycott Coke.

You don't have to be a lefty to see the problem with income inequality in this country, though. If you're any kind of business owner and you think longer term, you'll realize that we are a consumer-driven economy and if consumers have less money, the economy will grow more slowly. A higher minimum wage would be a long term boon to most business in the long run.

This is a stupid conversation.

Nobody makes minimum wage.

Sent from my SM-N960U using Tapatalk

[easyrider16]

This is a stupid conversation.
Nobody makes minimum wage.

Sent from my SM-N960U using Tapatalk

1.8 Million people suggest you're incorrect. And that doesn't factor in the 29 states that have state minimum wages set higher than the Federal minimum.

https://www.bls.gov/opub/reports/minimu ... per%20hour

But that begs the question - if you think nobody makes minimum wage, why would you bother opposing a raise to it?

[KingsFourMan]

Vail's stock has dropped almost $7.00 so far today down to $326, must be from all the baby boomers on here unloading their shares who have been made to feel guilty about owning stock in a company that pays minimum wage to many of it's employees. Hopefully these free market capitalist pigs will donate all of their ill gotten capital gains from this sell-off to a worthy socialistic cause.

[asher2789]

Telling people they should not invest in profitable companies because they don't pay a living wage is about as effective as Trump telling his people to boycott Coke.

You don't have to be a lefty to see the problem with income inequality in this country, though. If you're any kind of business owner and you think longer term, you'll realize that we are a consumer-driven economy and if consumers have less money, the economy will grow more slowly. A higher minimum wage would be a long term boon to most business in the long run.

This is a stupid conversation.

Nobody makes minimum wage.

Sent from my SM-N960U using Tapatalk

most of the staff at killington make VT minimum wage which is a slightly better but still not enough ~$12 an hour. most jobs in the area go to low wage service work (and an even lower tipped minimum), and construction work is only a little higher despite the sky-high risks to labor. i've worked a variety of these jobs - and the most i ever made was $17 an hour for extremely dangerous, back breaking work in 37 degrees and r*ining 70 hours a week which YOU directly benefit from. (and no, the wage was not worth the work - we all deserved double+ for the insane hours, conditions and risk.) obviously that's a far cry from the $7.25 federal minimum but if that wage floor was higher my wage would be higher too (who would work for $17 an hour doing dangerous work when you can do safe work for $15 an hour?). this isnt rocket science.

i no longer work in construction - was pretty turned off by the rampant misogyny ("what does your husband think of you working this job"), and am back working in the field i have a degree in, but VT professional wages are pathetic compared to national averages.

real minimum wages would be $24 an hour if they kept up with inflation but something needs to be sacrificed for the 320:1 average of CEO:median worker pay.

[asher2789]

Telling people they should not invest in profitable companies because they don't pay a living wage is about as effective as Trump telling his people to boycott Coke.

You don't have to be a lefty to see the problem with income inequality in this country, though. If you're any kind of business owner and you think longer term, you'll realize that we are a consumer-driven economy and if consumers have less money, the economy will grow more slowly. A higher minimum wage would be a long term boon to most business in the long run.

the unfortunately despicable henry ford (a literal nazi, not a leftist!) figured this out a 100 years ago.

[hillbangin]

Telling people they should not invest in profitable companies because they don't pay a living wage is about as effective as Trump telling his people to boycott Coke.

You don't have to be a lefty to see the problem with income inequality in this country, though. If you're any kind of business owner and you think longer term, you'll realize that we are a consumer-driven economy and if consumers have less money, the economy will grow more slowly. A higher minimum wage would be a long term boon to most business in the long run.

This is a stupid conversation.

Nobody makes minimum wage.

Sent from my SM-N960U using Tapatalk

most of the staff at killington make VT minimum wage which is a slightly better but still not enough ~$12 an hour. most jobs in the area go to low wage service work (and an even lower tipped minimum), and construction work is only a little higher despite the sky-high risks to labor. i've worked a variety of these jobs - and the most i ever made was $17 an hour for extremely dangerous, back breaking work in 37 degrees and r*ining 70 hours a week which YOU directly benefit from. (and no, the wage was not worth the work - we all deserved double+ for the insane hours, conditions and risk.) obviously that's a far cry from the $7.25 federal minimum but if that wage floor was higher my wage would be higher too (who would work for $17 an hour doing dangerous work when you can do safe work for $15 an hour?). this isnt rocket science.

i no longer work in construction - was pretty turned off by the rampant misogyny ("what does your husband think of you working this job"), and am back working in the field i have a degree in, but VT professional wages are pathetic compared to national averages.

real minimum wages would be $24 an hour if they kept up with inflation but something needs to be sacrificed for the 320:1 average of CEO:median worker pay.

Get out of Vermont.

Great place to spend your weekends. Not a great place to make a living.

Sent from my SM-N960U using Tapatalk

[easyrider16]

real minimum wages would be $24 an hour if they kept up with inflation but something needs to be sacrificed for the 320:1 average of CEO:median worker pay.

I believe the $24 figure is a combination of inflation and increase in productivity. If it just tracked inflation, it would be around $12, approximately the current VT minimum wage. I'm not sure it's really fair to credit minimum wage earners with increases in productivity that have little to do with their labor and more to do with capitol spending on machines and technology.

https://cepr.net/this-is-what-minimum-w ... ductivity/

I don't think a $24 minimum wage is a good idea even if I do think the current federal minimum wage is far too low. I think $12 is actually pretty reasonable. A single person making that wage at 40 hours a week is well above the federal poverty guideline. While it's not a lot of money, it's an amount you can survive on in a place like Vermont. If you're talking about a family of four, and two of them work, you're still way above the poverty guideline. At $7 an hour, 40 hours a week, you're just barely skimming above the poverty guidelines, which is a problem.

[asher2789]

Telling people they should not invest in profitable companies because they don't pay a living wage is about as effective as Trump telling his people to boycott Coke.

You don't have to be a lefty to see the problem with income inequality in this country, though. If you're any kind of business owner and you think longer term, you'll realize that we are a consumer-driven economy and if consumers have less money, the economy will grow more slowly. A higher minimum wage would be a long term boon to most business in the long run.

This is a stupid conversation.

Nobody makes minimum wage.

Sent from my SM-N960U using Tapatalk

most of the staff at killington make VT minimum wage which is a slightly better but still not enough ~$12 an hour. most jobs in the area go to low wage service work (and an even lower tipped minimum), and construction work is only a little higher despite the sky-high risks to labor. i've worked a variety of these jobs - and the most i ever made was $17 an hour for extremely dangerous, back breaking work in 37 degrees and r*ining 70 hours a week which YOU directly benefit from. (and no, the wage was not worth the work - we all deserved double+ for the insane hours, conditions and risk.) obviously that's a far cry from the $7.25 federal minimum but if that wage floor was higher my wage would be higher too (who would work for $17 an hour doing dangerous work when you can do safe work for $15 an hour?). this isnt rocket science.

i no longer work in construction - was pretty turned off by the rampant misogyny ("what does your husband think of you working this job"), and am back working in the field i have a degree in, but VT professional wages are pathetic compared to national averages.

real minimum wages would be $24 an hour if they kept up with inflation but something needs to be sacrificed for the 320:1 average of CEO:median worker pay.

Get out of Vermont.

Great place to spend your weekends. Not a great place to make a living.

Sent from my SM-N960U using Tapatalk

why should one have to leave a state to theoretically get a "better" job? with a longer commute, a boring lifestyle, and soul crushing rent? i'm from NY. the higher wages are useless when the rent is $3,000 a month for a closet.

nowhere in the country can one afford a 1 bedroom apartment on minimum wage. its f*** ridiculous.

[asher2789]

real minimum wages would be $24 an hour if they kept up with inflation but something needs to be sacrificed for the 320:1 average of CEO:median worker pay.

I believe the $24 figure is a combination of inflation and increase in productivity. If it just tracked inflation, it would be around $12, approximately the current VT minimum wage. I'm not sure it's really fair to credit minimum wage earners with increases in productivity that have little to do with their labor and more to do with capitol spending on machines and technology.

https://cepr.net/this-is-what-minimum-w ... ductivity/

I don't think a $24 minimum wage is a good idea even if I do think the current federal minimum wage is far too low. I think $12 is actually pretty reasonable. A single person making that wage at 40 hours a week is well above the federal poverty guideline. While it's not a lot of money, it's an amount you can survive on in a place like Vermont. If you're talking about a family of four, and two of them work, you're still way above the poverty guideline. At $7 an hour, 40 hours a week, you're just barely skimming above the poverty guidelines, which is a problem.

tax the machines. why should all of their productivity go to a handful of billionaires who won the birth lottery?

i don't think the economy could handle a sudden increase to $24 an hour. but the politicians f*** us all over by not raising the minimum wage since 2009 and dragging their feet on a $15 minimum. unemployment with its federal bonus actually works out to about $15 an hour in many places - so low wage employers now get to compete with the government for labor. thank god. the race to the bottom has got to end. $2.13 f*** cents an hour is criminal. if congress won't do it's goddamn job for the last decade+ then this will have to do. and whenever they do finally grow a set and pass the minimum wage legislation they better tie all future increases to yearly cost of living adjustments like they do for social security. the wealthy who make their wealth on the backs of others labor by underpaying and exploiting their workforce are gonna have to suck it up. maybe they can pick themselves up by their own bootstraps and get a second job besides leeching.

[yiddle on da fiddle]

Give the Governor a "Harrumph".

[hillbangin]

Telling people they should not invest in profitable companies because they don't pay a living wage is about as effective as Trump telling his people to boycott Coke.

You don't have to be a lefty to see the problem with income inequality in this country, though. If you're any kind of business owner and you think longer term, you'll realize that we are a consumer-driven economy and if consumers have less money, the economy will grow more slowly. A higher minimum wage would be a long term boon to most business in the long run.

This is a stupid conversation.

Nobody makes minimum wage.

Sent from my SM-N960U using Tapatalk

most of the staff at killington make VT minimum wage which is a slightly better but still not enough ~$12 an hour. most jobs in the area go to low wage service work (and an even lower tipped minimum), and construction work is only a little higher despite the sky-high risks to labor. i've worked a variety of these jobs - and the most i ever made was $17 an hour for extremely dangerous, back breaking work in 37 degrees and r*ining 70 hours a week which YOU directly benefit from. (and no, the wage was not worth the work - we all deserved double+ for the insane hours, conditions and risk.) obviously that's a far cry from the $7.25 federal minimum but if that wage floor was higher my wage would be higher too (who would work for $17 an hour doing dangerous work when you can do safe work for $15 an hour?). this isnt rocket science.

i no longer work in construction - was pretty turned off by the rampant misogyny ("what does your husband think of you working this job"), and am back working in the field i have a degree in, but VT professional wages are pathetic compared to national averages.

real minimum wages would be $24 an hour if they kept up with inflation but something needs to be sacrificed for the 320:1 average of CEO:median worker pay.

Get out of Vermont.

Great place to spend your weekends. Not a great place to make a living.

Sent from my SM-N960U using Tapatalk

why should one have to leave a state to theoretically get a "better" job? with a longer commute, a boring lifestyle, and soul crushing rent? i'm from NY. the higher wages are useless when the rent is $3,000 a month for a closet.

nowhere in the country can one afford a 1 bedroom apartment on minimum wage. its f*** ridiculous.

Uhhh. If you make minimum wage that's ridiculous.

Get a skill. Make money.

Or whine about minimum wage.

I'm assuming you are an abled body person willing to work with some kind of skill you can develop.

Being a ski bum may be fun when your young butt assuming it gets old after 20 or 30 years.

Sent from my SM-N960U using Tapatalk

[asher2789]

This is a stupid conversation.

Nobody makes minimum wage.

Sent from my SM-N960U using Tapatalk

most of the staff at killington make VT minimum wage which is a slightly better but still not enough ~$12 an hour. most jobs in the area go to low wage service work (and an even lower tipped minimum), and construction work is only a little higher despite the sky-high risks to labor. i've worked a variety of these jobs - and the most i ever made was $17 an hour for extremely dangerous, back breaking work in 37 degrees and r*ining 70 hours a week which YOU directly benefit from. (and no, the wage was not worth the work - we all deserved double+ for the insane hours, conditions and risk.) obviously that's a far cry from the $7.25 federal minimum but if that wage floor was higher my wage would be higher too (who would work for $17 an hour doing dangerous work when you can do safe work for $15 an hour?). this isnt rocket science.

i no longer work in construction - was pretty turned off by the rampant misogyny ("what does your husband think of you working this job"), and am back working in the field i have a degree in, but VT professional wages are pathetic compared to national averages.

real minimum wages would be $24 an hour if they kept up with inflation but something needs to be sacrificed for the 320:1 average of CEO:median worker pay.

Get out of Vermont.

Great place to spend your weekends. Not a great place to make a living.

Sent from my SM-N960U using Tapatalk

why should one have to leave a state to theoretically get a "better" job? with a longer commute, a boring lifestyle, and soul crushing rent? i'm from NY. the higher wages are useless when the rent is $3,000 a month for a closet.

nowhere in the country can one afford a 1 bedroom apartment on minimum wage. its f*** ridiculous.

Uhhh. If you make minimum wage that's ridiculous.

Get a skill. Make money.

Or whine about minimum wage.

I'm assuming you are an abled body person willing to work with some kind of skill you can develop.

Being a ski bum may be fun when your young butt assuming it gets old after 20 or 30 years.

Sent from my SM-N960U using Tapatalk

why does one have to make minimum wage to care about the income inequality perpetuated by an exploitative minimum wage than enriches capital on behalf of labor's actual work? for the record, i make far above. but when i first moved here - all i could find was minimum wage work or slightly above. why the f*** are construction laborers making $17 an hour if they're lucky doing dangerous backbreaking labor? i once operated a chainsaw for $14 an hour. i could of had an accident and lost my leg and my entire life would be changed. because the minimum wage is too low, so it brings down other wages with it. is unskilled labor supposed to live in poverty? who do you want changing your elderly parents diapers in the nursing home? someone who works 3 jobs to get by and is exhausted? so called "skilled" labor loves to look down on "unskilled" labor (a myth - every job requires skill, its just not all skills are valued by society appropriately) to excuse their own cruelty in society and blame poor individuals for systemic problems that their wealth and capital create.

[Bubba]

Telling people they should not invest in profitable companies because they don't pay a living wage is about as effective as Trump telling his people to boycott Coke.

You don't have to be a lefty to see the problem with income inequality in this country, though. If you're any kind of business owner and you think longer term, you'll realize that we are a consumer-driven economy and if consumers have less money, the economy will grow more slowly. A higher minimum wage would be a long term boon to most business in the long run.

This is a stupid conversation.

Nobody makes minimum wage.

Sent from my SM-N960U using Tapatalk

most of the staff at killington make VT minimum wage which is a slightly better but still not enough ~$12 an hour. most jobs in the area go to low wage service work (and an even lower tipped minimum), and construction work is only a little higher despite the sky-high risks to labor. i've worked a variety of these jobs - and the most i ever made was $17 an hour for extremely dangerous, back breaking work in 37 degrees and r*ining 70 hours a week which YOU directly benefit from. (and no, the wage was not worth the work - we all deserved double+ for the insane hours, conditions and risk.) obviously that's a far cry from the $7.25 federal minimum but if that wage floor was higher my wage would be higher too (who would work for $17 an hour doing dangerous work when you can do safe work for $15 an hour?). this isnt rocket science.

i no longer work in construction - was pretty turned off by the rampant misogyny ("what does your husband think of you working this job"), and am back working in the field i have a degree in, but VT professional wages are pathetic compared to national averages.

real minimum wages would be $24 an hour if they kept up with inflation but something needs to be sacrificed for the 320:1 average of CEO:median worker pay.

So you have a degree and work in the field in which you have that degree, yet you complain about VT professional wages in addition to lower wage employment. Some questions:

1. Did you move to Vermont or are you a native Vermonter?

2. Why, if you have a professional degree, did you choose to work construction and other lower paid jobs?

Unless I'm mistaken, living in Vermont is a choice. Part of that choice is the type of jobs available and the pay scale involved. You can go anywhere, yet you possibly chose to move here and/or choose to stay here. That's your choice. Why are you complaining?