How much do Minor League Baseball players make?
However, there are a group of professional athletes — Minor League Baseball players — who aren’t nearly as well paid. And they’re taking legal action with respect to the minimum wage and their own wages playing professional sports.
Should Minor League Baseball players get bigger paychecks?
While it’s certainly understandable that players desire higher wages — after all, supply-side market participants typically like higher prices, while demand-side actors prefer the opposite — the decision of thousands of individuals to voluntarily accept employment as Minor League Baseball players sheds some light on the nature of lower-income employment as a whole..
How would a minor league minimum wage affect the players as a whole?
Let’s consider the possible impact on Minor League Baseball should the outcome of the current legal proceedings favor the players and, ultimately, force higher wages for the lowest-paid players.
Matt E. Ryan is an Associate Professor of Economics at Palumbo Donahue School of Business at Duquesne University. Professor Ryan has taught courses in Principles-level Micro- and Macroeconomics, Global Economics and International Economics. He also runs the Economic Research Colloquium.
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