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Groundwork Collaborative
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Sports teams aren't just raising prices - they're making tickets more scarce.
NFL stadiums have lost 7,000 seats. Baseball stadiums have lost 8,000.
"By creating greater scarcity & catering to wealthier fans, teams have been able to drive up ticket prices across the board."
"It's a consistent and constant anxiety that things are getting more expensive and their paychecks aren't stretching as far as they used to."
WATCH: @alexsjacquez.bsky.social break down the rising economic uncertainty on @msnowreports.bsky.social.
And this is not limited to health care.
We recently spoke with @groundwork.bsky.social Executive Director @lindsayowens.bsky.social about what happens when corporations use algorithms & massive data sets to test how much they can squeeze out of consumers.
Listen: bit.ly/4um4OAO
Groundwork Collaborative
Groundwork Collaborative
Watching live sports is less affordable & accessible than ever.
“The price of watching live sport — and live music — has exploded over the last decade for 3 main reasons: monopoly, dynamic pricing, & scarcity,” @lindsayowens.bsky.social explains.
Excellent reporting from @mjslater.bsky.social 👇
If you're 28 and older, the labor market is chugging along.
If you're 27 and younger? The labor market is "frightening" as @lindsayowens.bsky.social tells @msnowreports.bsky.social.
Young grads are facing a career of "slower lifetime earnings and slower advancement."
We exposed Instacart's secret pricing lab. The public outcry was immediate, and Instacart shut it down 2 weeks later.
Last week, NY passed a law banning surveillance pricing with 40 more bills being introduced in 24 states this year alone. This is what accountability looks like.
We ran the polling and found 76% of Americans believe surveillance pricing is inherently unfair.
@lindsayowens.bsky.social makes it clear: “Price stability is important for consumers. It’s impossible to comparison shop if prices are shifting.”
www.forbes.com/advisor/cred...
Groundwork Collaborative
You needed $25 to attend the 1989 Finals. Today, that would be $67.
Reality? The average ticket to last year's NBA Finals: $1,147. 17x the inflation-adjusted price.
@lindsayowens.bsky.social explains: "Of the top 100 arenas in the world, 68 are in the US & Ticketmaster controls 53 of them."
Video
Groundwork Collaborative
Pitchfork Economics
Today's data is (unfortunately) clear:
Working Americans no longer have any breathing room in their budgets. Meanwhile, Trump spends millions in taxpayer funds to attend the NBA Finals.
His betrayal of the working class has done lasting damage to our economy.
Extreme heat causes 28,000 workplace injuries in the US each year.
Commonsense solutions like access to water, shade, & rest could prevent up to 1,500 deaths.
But corporations & politicians would rather raise profits than save lives.
The price of watching live sport in the U.S. has shifted - and the World Cup is taking full advantage of the landscape
Listen to Same Cart, Different Price: When the Invisible Hand Becomes an Algorithm (with Lindsay Owens) from Pitchfork Economics with Nick Hanauer wherever you get your podcasts!
bit.ly
The price of watching live sport in the U.S. has shifted - and the World Cup is taking full advantage of the landscape
