Linggo, Mayo 30, 2021

Our team's economic impacts on our communities are far less than what we may think.

You want your mind blown?
"Sports economist Michael Leeds suggests that professional sports have very little economic impact, noting that a baseball team (with 81 regular-season home games per year) "has about the same impact on a community as a midsize department store." His research suggests that if every professional sports team in Chicago (including the Cubs, White Sox, Bears, Bulls, and Blackhawks) were to suddenly disappear, the economic impact on Chicago would be a fraction of 1 percent."
At first I was like no way but I Googled it.
"The total economic output of Chicago in gross metropolitan product totaled US$770.7 billion in 2020, surpassing the total economic output of Switzerland..."
This is a fantastic article.
Economics of Subsidizing Sports



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