Minimum wage

Baseball might call itself “America’s Pastime”  — but the big money is in the NFL. And there’s the irony. In this capitalist paradise, the most watched sports league is unabashedly socialist.

Take revenues. The majority of the league’s income comes from TV —  which is divided equally — with no regard to performance. As is the revenue from the sales of licensed merchandise (with the exception of the Cowboys), Ticket revenue is divided 60/40 between the home and away teams. (Although the home team does keep the revenue from luxury boxes, concessions, and parking.)

Then there is the draft. The worst team gets the first choice. Which has a flavor of: “From each according to his ability, to each according to his need.” And once drafted the player is guaranteed a minimum wage.

The teams operate with a salary cap. Which doesn’t just limit their payrolls (a ceiling) but also mandates they spend 90% of the cap (a floor) — they can’t just pocket the cash, they have to give a lot to the employees.

And when was the last time a team built a stadium without public subsidies?

Yet despite this communal approach to business, the owners are rolling in it. And their franchises are worth more than ever.

Ain’t socialism grand?


The Two Americas – Rarely the Twain Shall Meet.

July 30, 2015

“History is written by the rich, and so the poor get blamed for everything” ― Jeffrey D. Sachs Martin Luther King talked of ‘two Americas’. Two Americas divided by wealth and opportunity. And it isn’t only that the rich can buy more stuff than the poor. They can also buy better criminal justice and political results. Rob […]

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Really? – A Few Tidbits from the News – Scott Walker vs. Unions; Christian Whiners; Minimum Wage Win; Graham is Crackers

May 20, 2015

“For me, it is far better to grasp the Universe as it really is than to persist in delusion, however satisfying and reassuring” ― Carl Sagan. Scott Walker told a Club for Growth gathering in Florida that the most significant foreign policy decision of his lifetime was Reagan’s decision to break a 1981 strike of air […]

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When Crap Is Cheap You Can Buy A Lot of It. The ‘Walmarting’ of America.

April 28, 2015

“What we obtain too cheap, we esteem too lightly; it is dearness only that gives everything its value” – Thomas Paine. Since Sam Walton opened the first Walmart in 1962 in Rogers, Arkansas, the company has been relentless in cutting costs to cut prices. Quality was the first victim. It wasn’t that Walmart was the first […]

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Are Teachers Really Overpaid?

March 4, 2014

The following was written, and posted to Facebook, by Meredith Menden. You can fault neither her logic nor her arithmetic. _____________________________________________________________________ “Teachers’ hefty salaries are driving up taxes, and they only work nine or ten months a year! It’s time we put things in perspective and pay them for what they do — babysit! We can […]

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