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You mean, if the gig was for $2mil over 3.5 years, but then the boss said, "Wait a minute. Actually, we may need to cut 25 percent of that because of this pandemic"?
Still good money, obviously, but you're then asking that individual who has trained most his life for that particular gig to pursue a "real job" with little training. Which isn't to say it can't be done, shouldn't be done, isn't reasonable, etc., but I'm hardly putting these people in the bucket of rich-guys-who-shouldn't-be-upset-at-their-fates. Yes, they are better financially situated than those facing poverty. No, they don't deserve to be classed in with NFL owners.
If I had a contract and my boss said that we need to cut 25% of your salary because of this pandemic, my response would be, "did you pay me a bonus 25% in the years when things were going well? Will you in the future? Are you willing to make me an even owner/partner in this business venture?" No? Then get the hell out of my face!
You are a billionaire owner because you take the risks. When things go well, you get all the extra revenue. And when there's a dip, you take the hit. That's the nature of ownership. If you want me to take the hit with you then I should participate in the extra revenue when the train is rolling.
This took the risks myth?
Look up sometime how many teams were inherited by children or spouses.
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ehhh, you're getting caught up in semantics. I'm sure there's quite a few who inherited their teams and took no risks.
But the point is, a contractual employee and ownership are not in the same positions. At my law firm, the partners absorb things in down months and benefit greatly in good times. No one asks the receptionist or even a case manager to take the hit with the owners in bad times.