Football Economics

An economist examines college football:

Our selfish interests in having athletes put in their years of indentured servitude so we can watch quality college sports, at a cost to them of half their productive earning years and several million dollars in lost earnings for the few who manage to move into the professional ranks, should be laughed out of courts, stadiums and sports bars.

On the other hand, indentured servitude is common during the learning years. Consider teaching assistants in any university or internships or NGO volunteer organizations. Young people often work for little or no pay to acquire skills and experience that will help them later in life. The only people excluded from this process are poor kids: minimum wage laws make them too expensive to hire, while rich kids can afford to be interns and volunteers, earning much less than the minimum wage.

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