Ball players, who play a kid’s game, can earn as much as $20 to $30 million a year, with multi-year contracts that guarantee income despite possible injury and incapacity, At the same time. top executives, with honed skills are criticized if they get $1 million or so in income or bonuses.
Keep this up and the U.S. will have changed its economic growth characteristics. It will have become a second-rate, European-like, look-alike. With a permanent high unemployment rate to match.
Execs are easily fired if they don’t produce. Ball player salaries are usually not cut if they choke up in the clutch. Or have a losing season. Their jobs are simply traded away.
The argument is made about exec pay in companies that got federal stimulus money. But athletes work for ball clubs that also received stimulus and taxpayer funds. Each time a new ball park is built, some government agency has helped in the financing; tax abatement or bond funding, or a form of long-time subsidy.
Federal stimulus funds backed local and state entities with aid. So, in effect, funds were indirectly but effectively made available to pay club athletes.
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