Thursday, January 2, 2014

Economic Realities of 2014: The NFL Playoffs

I studied American and European history in college, both undergrad and in graduate school.  One of the things that I liked to talk about were those "unspoken" events that gave historians a view of history.  When looking at the economy here in the United States after the 2008 financial crisis, and the fact that income inequality has become wider not narrower, one might be able to conclude that wealth factors, (or the lack of wealth) are showing up in the fact that several professional football teams not being able to sell all their tickets for the playoff games this year. As income distribution continues to favor the wealthy among us, more and more people are falling further and further behind, and now it is starting to show up in the numbers of people that can not afford playoff tickets, not just in Cincinnati, but in Indianapolis and Green Bay as well.  Perhaps it is time for the owners of the NFL teams to realize that in order for the NFL to fill stadiums, there has to be a better distribution of wealth in the USA. 

Now, for all of you out there that do not understand Economics 101, please don't tell me I am a socialist or a communist for suggesting that lack of disposable income plays a factor in football fans' ability to afford playoff tickets. If incomes are stagnant and the cost of essentials such as food, clothing, shelter and healthcare rise, disposable income shrinks - disappears! Do the friggin' math! It is simple arithmetic!