Tao Francis

speaker
430 appearances 7 recordings 1 series first heard Nov 2017 last heard Nov 2022

Tao Francis’s voice in public audio — every appearance, attributed to the second.

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That's right.
You'll see a company, in fact, a great example are two companies that compete head to head, Hasbro and Mattel.
These are both toy companies.
They both compete directly in many areas, games, dolls, toys, action figures, that kind of thing.
But they have very different business models.
Hasbro reported median pay of about $74,000 last year, compared with about $6,200 or $6,300 at Mattel.
And that's because Mattel mostly employs its own factory workers, so its median pay number reflects a lot of low-paid or lower-wage employees in China and other low-wage countries.
Hasbro doesn't actually employ its manufacturing employees, many of whom work in the same countries as the Mattel workers do.
Hasbro outsources them.
So those employees are on some other company's books.
As a result, Hasbro only has the higher paid, probably more American or European-based employees, and therefore its median pay number is considerably higher.
Right.
And to some degree, that's part of the way we define industry.
The entertainment industry is pretty big, right?
It includes everybody from somebody like CBS, the big broadcaster with about
you know, almost 13,000 workers to companies like World Wrestling Entertainment, which produces, you know, wrestling shows and has about 850 employees, not including its wrestlers who are independent contractors.
Now, both of those companies have median pay numbers over $100,000 a year.
But at the other end of the pay spectrum, still in entertainment, you have companies like Live Nation, which owns Ticketmaster and
It does other concert and event promotion kinds of businesses.
And Six Flags, the amusement park company, they have, you know, 8,800 and 2,000 full-time employees, but then, you know, tens of thousands of part-time and seasonal employees over the course of the year.
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