Sports is arguably the only industry in this country where workers are rewarded in ways commensurate with management. And, um, the players have unions. If only real work was valued by employers, rather than just entertainment……
You will also note that the owners and players have something called a “contract”, which is a legally binding agreement to provide a certain amount of pay for a certain amount of work. In the case of sports, usually it’s a base salary for showing up to work and trying to do a good job, and additional incentives/ bonuses for achieving specified goals. And the owners honor the contracts…..this sets a better precedent than municipalities and businesses which promise (with a contract) benefits and/or pensions, and then decide they just won’t pay.
The “free market” people would be wise to pay attention to how this works. You will notice that sports teams make a pile of money, and so do their employees. The former is common to many private industries; the latter is often woefully lacking.
Sports is arguably the only industry in this country where workers are rewarded in ways commensurate with management. And, um, the players have unions. If only real work was valued by employers, rather than just entertainment……
You will also note that the owners and players have something called a “contract”, which is a legally binding agreement to provide a certain amount of pay for a certain amount of work. In the case of sports, usually it’s a base salary for showing up to work and trying to do a good job, and additional incentives/ bonuses for achieving specified goals. And the owners honor the contracts…..this sets a better precedent than municipalities and businesses which promise (with a contract) benefits and/or pensions, and then decide they just won’t pay.
The “free market” people would be wise to pay attention to how this works. You will notice that sports teams make a pile of money, and so do their employees. The former is common to many private industries; the latter is often woefully lacking.