It works like housing in NIMBY market. When rent goes up, the natural reaction is that people want to build more housing. If they can can't do that, then the poor get priced out.
In sports, they'll want to add more teams. They can't do that, so it drifts toward a hobby only the top can enjoy.
Michael Bradley 🍕
going into a potential MLB labor stoppage it'll be important for poeple to understand that there is literally no relationship between overall player salaries and ticket prices. Ticket prices are set based on a revenue maximalization calcualtion based solely on demand and availability.
