Here’s what’s wrong with college…
Pro football coach Jim Harbaugh, was paid 5 million dollars to be the head coach of the San Francisco 49ers until he was fired at the end of this season. He worked for a billion dollar ball club, part of a mufti-billiondollar non-profit network of 32 football teams in America. He, His coaches and players performed in giant stadiums before millions of adoring fans, who paid top dollar to see them play, and they all earned hundreds of thousands to millions of dollars each year because after all this is pro football in the United States in the year 2015. And that is what the market will bear in a democratically free country operating within a capitalist economy.
Now Jim Harbaugh works as the head coach for the University of Michigan football team. He is once again going to be paid 5 million dollars per year to do his work alongside coaches who will also be very well compensated. They will do their coaching in giant stadiums and in front of millions of adoring fans. Their university is part of an incredibly large organization that is worth billions of dollars and they all will profit from money that comes from licensing fees, ticket sales, network television contracts, merchandising, video game sales and monies directly related to the players personalities and likenesses…just like in the pros where he used to work.
Except, unlike the professional SF football players, none of the University of Michigan players will be paid anything! And when Mr. Harbaugh and his coaches look up into the stands at their adoring new fan base, each and every one of the students sitting up in those stands will owe on average 29,000 dollars in student loans to the University of Michigan, (besides having paid for their tickets) part of over 1 trillion dollars owed in total U.S. student loan college debt.
College football is almost exactly the same product with almost exactly the same access to profit that professional football enjoys So who gets the money that would otherwise make EVERYONE in the professional football arena rich? (including the fans who have to be pretty well off to afford the ticket prices) And why does college tuition keep getting more and more expensive every year for college students… at a rate 4 times that of inflation?!
Anyone? …(No offense to coach Harbaugh. I know he’s just doing his job)