March Madness

March madnessThe Friday File: While the NCAA college basketball tournament may or may not cost the economy money in lost worker productivity and sales, the sure losers are the 99% of Division I college players that don’t make the NBA. They work for a “benevolent” monopolist that strictly prohibits the players from monetizing their talent and that “pays” the players a subsistence wage. The winners: the NCAA, networks, universities and coaches.

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  1. ken olson says

    I hardly call a college education, tutors, meals and gears to play a game I love being paid for for four years a “subsistence” pay. I wish I could have been such a loser.

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