Companies can not stay in business if their expenses exceed their revenue. Companies create jobs but to stay afloat, especially in unexpected times of crisis like we are going through, they may be forced to cut staff if they are closed. That is tragic, albeit understandable. But the world of professional sports has a situation that we all should keep in mind.
America’s love affair with sports has created a situation where owners and players make a lot of money. And Thinking Man can understand if people decide that they can’t do something that causes them to lose money. But in unusual times like these, it is heartwarming to hear of players and owners who are offering to pay salaries for laid off stadium workers, for example. Continue reading “Remember When Billionaires Come For New Stadiums”