Wednesday, December 24, 2003

Capitalism & Law: A Tale of Two Professions

The Major League Baseball Players Association has begun yet another investigation into whether baseball owners are "colluding" to illegally hold player salaries down. The average salary for all players is about $2.2 million per year. That's nearly double what it was just ten years ago.

Here's some perspective: Over the same ten year period, many of the nation's doctors have seen their managed care reimbursements cut or remain the same. When the doctors organize against this, they're nailed for antitrust violations. When millionaire baseball players do the same thing, it's legally protected union activity.

No comments: