Planet Money: Some-of-the-Money Ball (Ep. 947)

Planet Money: Some-of-the-Money Ball (Ep. 947)

Colgate University Introductory Economics Course

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Baseball is a winner-take-all career. There is a very small chance of making massive amounts of money. But more importantly, there is a very big chance of making almost no money. Some minor leaguers earn $8,000 dollars per year. To have more chances at winning the baseball lottery, some players are deciding to get together and face the odds as a group. They are joining "income pools," which could change the way baseball players, and lots of profe...Read More
Baseball is a winner-take-all career. There is a very small chance of making massive amoun...Read More