Tuesday, July 28, 2009

Athletes deserve their paychecks

The average school teacher in North Dakota receives $35,000 per year, the average MLB player makes around $3,000,000.

But is that fair? I think so.

It's the law of supply and demand.

Salaries are set by the demand for workers in a particular job and the supply of workers able to do that job. The higher demand for a job the lower the supply, resulting in higher pay; jobs with a low demand and high supply will pay less.

Professional athletes are one of a kind. Matt Cassel recently signed a six year, $63 million contract with the Kansas City Chiefs. There are roughly a few dozen or so who can play quarterback as well as he can. Does he deserve this fat paycheck in my opinion? Rightfully so. That's how the market works.

The sports industry brings in billions of dollars yearly, if programs and teams can afford to give out that kind of money to players, that's their right and no one can tell them otherwise.

Jobs with low demand, such as teaching are full of people with the capabilities to do that work. There are plenty of teachers out there, but there's only one Matt Cassel. There's only one Albert Pujols and there's only one Roy Halladay.

That's why the Toronto Blue Jays can basically wait for a deal that they cannot resist. There's so much high demand for Halladay and they don't have to jump at just any deal. They're playing with house money. Halladay is worth as much as a team wants him for. Teams/Businesses want people who can make money for them. Remember, there is only one Roy Halladay.

Professional athletes make the millions of dollars that they do because they're good, they put butts in the seats, sell merchandise, and raise advertising rates.

Not many people can hit or throw a 94 MPH fastball or throw for a 50 yard TD against an NFL caliber defense. But many of us can teach someone simple math, the capitals of the U.S. states, or explain the difference between their, there and they're.

This is not to degrade the teaching profession, it's just the law of supply and demand.


Jarrod said...

Although your hypothesis is sound, in reality the cause for massive salaries paid out to atheletes is a cultrual issue. Our society is placing a higher value on someones ability to play a sport, vice educate someone. Teachers are extermly more important to the sports system, becaue the sports are funded through education systems (i.e. jr./high school, college).

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