Tuesday, December 5, 2017
The economic principle I examined was Institution. There are many situations where this economic principle can be applied to the real world. For instance, while studying about women's sports and the benefits they have, my research question being: How should sports institutions (e.g NCAA, high school, professional) reduce the inequality between genders and racial groups? I found many examples of how women are being discriminated in professional sports. In my first blog post I talked about how Women's soccer in the US has no justification for paying women a less amount of money compared to men. Women's soccer players are speaking up and filled out a complaint with the federal equal employment opportunity commission. This shows that they are starting to speak up and getting bothered on how the US discriminates women when it comes to women's sports. Second, If women's soccer is bringing in more money through TV than before they certainly should be getting paid the same as men not less. Winning a World Cup is huge when Germany won the World cup they awarded them 35$ million but a year later when the US women's team won the world cup Fifa only awarded them with 2$ Million. Third, Jazmine Reeves, who played for the Boston Breakers in 2014, had what I would call a breakout rookie year and after quit and got a job at Amazon. She could´ve been the star of the league and get called up to a national camp, but her and her teammates figure they were getting underpaid.This means that a job at Amazon had a better pay than a professional basketball player in women's sports would get payed. Overall, you can see that the US discriminates women when it comes to sports and If women are not willing to walk away from their job then there's nothing that can be done about hiring their net pay in professional sports.
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