Are Baseball Stars Worth Their Salaries?
Friday, March 28, 2008
University of Wisconsin math professor Jordan Ellenberg has calculated whether baseball stars are worth the huge salaries they get.
Guests:
Jordan Ellenberg
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Comments [4]
Can't you get a copy of Ellenberg's article posted on your website? It sounds fascinating, but I can't find it anywhere.
Thanks.
The authors of the study using sabermetric techniques to assess the possibility of steroid use by Roger Clemens are Eric Bradlow, Shane Jensen, Justin Wolfers, and Adi Wyner; I apologize for remembering only Jensen's name on the air!
To John Zhu: I'm afraid my article didn't appear in the online version of Play.
I am trying to locate Prof Ellenberg's article in New York Times, but failed. May any kind soul provide a pointer?
Regards,
John Zhu
The Lopate Show responds: We will post the link shortly.
The problem with the argument that athletes should NOT be paid huge salaries is the fact that sports franchises are making hundreds of millions of dollars.
So if you work for a company and 15% of the profits are directly from your work and the company is making millions shouldn't you be rewarded?
Of course.
Take the focus off the athletes and put it on the CEOs of American companies because their salaries dwarf the highest paid athletes.
And they are driving companies into the ground which puts people out of work and evaporates 401Ks.
Also the majority of athletes in all professional sports don't make the A-Rod Salary.
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