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The New York Yankees are the most valuable team for the 16th straight year. Forbes tabs the team’s value at $2.3 billion
Each team also owns an equal share in MLB Advanced Media, which among other things, has generated massive revenue from its gameday video and audio app MLB At Bat, which has been the highest grossing sports app in the Apple store on the iPhone and iPad for four consecutive years. MLB Advanced Media generates more than $600 million in revenue and Forbes conservatively values the subsidiary at $6 billion.
The only justification is if they intend to reset the luxury tax in order to run a $225-250M payroll after 2014.
Why don't we see people quoting this instead of tv ratings when talking about a sports popularity. It's about as accurate in my opinion(which is to say not accurate at all)
Because, based on te numbers given in the quoted section, the national TV deal alone (ie: not including each team's local TV contract) is worth twice as much per season than MLBAM. TV is still were the majority of the money is coming from.
MLB Advanced Media generates more than $600 million in revenue and Forbes conservatively values the subsidiary at $6 billion.
They're eliminating the pension plan while printing money faster than they can spend it.
Another place that pays people absolute dogshit.
Good lord, go over to Yahoo.com or something, Joe.
Yet another pro-immigration guy who doesn't understand that supply and demand dictates wages.
Yet another pro-immigration guy who doesn't understand that supply and demand dictates wages
Another anti-immigration guy who doesn't realize demand and demand are never static.
LOL. Did low-skilled unemployment drop from ~16 percent to ~4 percent while I was having dinner?
Each team also owns an equal share in MLB Advanced Media . . .
We don't have tariffs. We're the suckers to the world.
More proof of how little you understand about economics.
Question: if I pay an illegal $1400 a month to do Spanish language localization and support for my iPhone apps, and doing so increases my revenues $4,000 per month, did he cost a US citizen a job? Or did he make it more likely I decide to invest further in expanding and create a new job for a US Citizen?
Question: Is doing Spanish language localization and support for iPhone apps considered unskilled labor?
Question: Would someone qualified to do localization and support for iPhone apps work for $1400
Question: Would someone qualified to do localization and support for iPhone apps be so desperate for legitimate work in his home country that he would move here and become "illegal"?
Question: Why would you hire an illegal to do this when you could hire someone legally in a foreign country?
Sounds like someone wants to exploit an illegal alien rather than pay a market wage to a US citizen or alien authorized to work, since many in those groups would also meet the Spanish language requirement suggested in the hypothetical.
Question: Why would we care about you being such a heroic job creator as to create jobs for $1400 a month anyway, whether for US citizens or not? Those are terrible jobs.
And since when is it exploiting someone to offer the best paying opportunity they can find?
Because those $1400 a month jobs are great jobs compared to what immigrants usually get or left behind in Mexico and help fund more higher paying jobs for citizens if they help me expand.
Those answers make no sense. As per this report, only 7 percent of illegal immigrants from Latin America even have a high school diploma. The idea that there are masses of fluently bilingual people with tech abilities sneaking into the U.S. so they can work for $350/week is specious. People with those language and tech skills — who, by definition, aren't low-skilled — could make $350/week back home, where the cost of living is half or less of what it is in Arizona.
Beyond that, how could it cost more than double to outsource such work south of the border? If you're getting labor for $1,400/mo. in Arizona that would cost $3,000/mo. in Mexico or elsewhere, it sounds like you're exploiting the hell out of your worker(s).
You just claimed the same labor would cost $3,000/mo. in Mexico or elsewhere [#32], so it remains unclear why working for you for $1,400/mo. is so appealing. Why wouldn't such workers simply go back home and triple or quadruple their money (after adjusting for PPP) rather than live and work as illegal immigrants in the U.S. for little more than a teenager would make at McDonald's?
Really? What explains the ~16 percent unemployment among low-skilled workers if demand for such labor is so robust?
LOL, I almost flunked out of high school, did flunk out of college, yet have helped write dozens of commercial software products, and have personally raised over $20m in venture capital fir startups I've founded or co-founded. My first two bosses dropped out of college and between them made $50m in several successful businesses.
I never said that, i said it could cost double to hire a US citizen.
Are you really advocating I outsource jobs to Mexico? It's cheaper to hire immigrants here, because I can supervise directly and ...
As to the article - disgusting that teams with increasing revenues are cutting pensions and other benefits/pay for their employees
It reminds me of the housing bubble.
Although I doubt that 1/30th of the subscribers are tuning in to watch the Marlins or Astros, to name the most obvious suspects.
As you well know, the Yankees need teams like the Marlins & Astros to provide opposition.
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