Sports attendence soars in uncertain economic times
Economics In Action
....Gas prices are up. Food prices are up. So, oddly enough, is attendance at Major League Baseball games....MLB officials say attendance is 2.6 percent ahead of record-breaking figures from last season
“People seek the comfort of their sports addiction when there’s bad economic times,” said Andrew Zimbalist, a sports economist. “There’s something very deeply rooted about our sports attachments. People tend to give that up last.”
"Not everybody’s income falls during a recession,” said John Solow, an economics professor at the University of Iowa. “In total, people are getting poorer or it wouldn’t be considered a recession. But there are some people whose income continues to rise.
“What fraction of those tickets are sold to Joe Six-Pack and his family as opposed to corporations?”
....Gas prices are up. Food prices are up. So, oddly enough, is attendance at Major League Baseball games....MLB officials say attendance is 2.6 percent ahead of record-breaking figures from last season
“People seek the comfort of their sports addiction when there’s bad economic times,” said Andrew Zimbalist, a sports economist. “There’s something very deeply rooted about our sports attachments. People tend to give that up last.”
"Not everybody’s income falls during a recession,” said John Solow, an economics professor at the University of Iowa. “In total, people are getting poorer or it wouldn’t be considered a recession. But there are some people whose income continues to rise.
“What fraction of those tickets are sold to Joe Six-Pack and his family as opposed to corporations?”
Labels: economics, Economics in Action, economics of sports
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