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Old 05-10-2015 | 05:20 PM
  #182241  
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Originally Posted by index
All in good fun my friend.
.........
Old 05-10-2015 | 05:24 PM
  #182242  
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Originally Posted by TED74
My buddy's wife Cherry is a stripper. She just got a new job at a new establishment, and makes a $10/hr base rate. After her introductory week, she'll go to $20/hr the next week. Her friend Jugs got hired at the same time, by the same establishment. Conveniently, this establishment has a bank system.

Flash forward two weeks. Cherry didn't use the bank but Jugs did. Cherry worked 10 hours each week (20 total), made $300, and averaged $15/hour.

Jugs worked 11 hours the first week and banked an hour...so she was paid for 10. The second week, she cashed an hour in, working only 9 but getting paid for 10.

Both girls worked 20 hours, got paid $300 (plus tips), and averaged $15/hr.

Notably, Jugs worked more when she had WORSE seniority, and less after she had moved up the totem pole (among others).
Suppose instead that Jugs had worked 10 hours in both weeks, banked one hour at $10 the first week and withdrew it the second week at $20. At that point, her total earnings would have been $310.

BTW, I'm thinking that Jugs would get better tips than Cherry any day!!
Old 05-10-2015 | 05:40 PM
  #182243  
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Originally Posted by Scoop
I assume this is based on the trip check out time - 30 minutes after scheduled block in or is it 12 hours after block in?

Thanks Again - Scoop
Check out to check in.
Old 05-10-2015 | 05:41 PM
  #182244  
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Originally Posted by TED74
Sailing, perhaps I can provide an example, since I agree with you.

My buddy's wife Cherry is a stripper. She just got a new job at a new establishment, and makes a $10/hr base rate. After her introductory week, she'll go to $20/hr the next week. Her friend Jugs got hired at the same time, by the same establishment. Conveniently, this establishment has a bank system.

Flash forward two weeks. Cherry didn't use the bank but Jugs did. Cherry worked 10 hours each week (20 total), made $300, and averaged $15/hour.

Jugs worked 11 hours the first week and banked an hour...so she was paid for 10. The second week, she cashed an hour in, working only 9 but getting paid for 10.

Both girls worked 20 hours, got paid $300 (plus tips), and averaged $15/hr.

Notably, Jugs worked more when she had WORSE seniority, and less after she had moved up the totem pole (among others).

I'm missing a lot...but anything germane to the banking discussion?
You left out profit sharing. They get 50%.!

And usually two or three green slips every night.
Old 05-10-2015 | 05:51 PM
  #182245  
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Originally Posted by Check Essential
You left out profit sharing. They get 50%.!

And usually two or three green slips every night.
GS turns or a quick overnight?
Old 05-10-2015 | 05:53 PM
  #182246  
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Originally Posted by Alan Shore
Suppose instead that Jugs had worked 10 hours in both weeks, banked one hour at $10 the first week and withdrew it the second week at $20. At that point, her total earnings would have been $310.

BTW, I'm thinking that Jugs would get better tips than Cherry any day!!
Your comment is the thrust of the argument. Either you or I misunderstand the bank (or maybe both). There is no rate at which you bank an hour. It doesn't have a price. An hour of work is just an hour of work...and you bank hours, not money. Your "what-if" is precisely what Jugs did in MY scenario, so I do not understand how you get Jugs to $310 (other than throwing her a ten-spot).

I suspect green slips and vacation-buying complicate the math, but MikeF16's claim of 40% gains on basic banking from year one to two is (I believe) fuzzy math.
Old 05-10-2015 | 06:10 PM
  #182247  
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Who runs the chit chat forum? I signed up for it but never got an email.
Old 05-10-2015 | 06:23 PM
  #182248  
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Originally Posted by Brocc15
Who runs the chit chat forum? I signed up for it but never got an email.

It is run by a DAL Pilot. Give it some time - I imagine he is being swamped with new requests as section 6 appears to be rapidly approaching critical mass.

If it has been more than 3-4 days I would send in another request.

Scoop
Old 05-10-2015 | 06:39 PM
  #182249  
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Originally Posted by Brocc15
Who runs the chit chat forum? I signed up for it but never got an email.
When did you sign up?

Ken Watts runs it now.
Old 05-10-2015 | 06:40 PM
  #182250  
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Originally Posted by TED74
I misunderstand the bank [...] you bank hours, not money.
Week 1: 10 hours worked - 1 hour banked = 9 hours paid @ $10 / hour = $90.

Week 2: 10 hours worked + 1 hour withdrawn = 11 hours paid @ $20 / hour = $220.

Week 1 + Week 2 = $310.


It's precisely because you're banking hours (not money) that the hour you bank today ("low pay") is worth more when you withdraw it tomorrow ("higher pay"). The same total number of hours worked will result in more money earned (ignoring all issues of TVM, human nature of actually working fewer hours, etc.).
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