Twitter burns as Owners ratify

[SirClintonPortis]

Originally Posted by NC_Skins

I know economics quite well, and them thriving in a economic downturn doesn't mean jack. Many corporations out there thrived in a economic downturn. GE had 14 billion in profits last year, and oil companies...well, record profits. The main driving force behind this entire situation is the owners want a bigger percentage of the profits. It's always been about greed. It's not about money so they can invest in new stadiums, because they are just going to hold their cities hostage over that.


How many season ticket holders are going to continue paying with a 50% increase to tickets? parking? concessions? I say that, but normal people are just as stupid with their money as NFL players are. Instead of buying bling, they finance NFL tickets. Their ceiling may be high, but you fail to realize is that average income hasn't risen like it should have over the years. Inflation has caught up and bit us in the ass. Sure you may be doing great, but a good portion of the nation are not. They are trying to make ends meat.


The economy will rebound, but doesn't account for jobs continuing to be shipped overseas because some foreign kid will do it for 1/10 of the cost you do it at. Companies can't keep throwing money into advertising without passing it on to the consumers, and how's that going to work? It's not. Pay isn't rising, but inflation is.

Inflation has not been that high. In fact, the highest average yearly inflation percentage was 4.1% in 2007.
Current Inflation Rates | Monthly and Yearly Chart, Graph and Table: 2001-2011 Data - US Inflation Calculator

Not only that, but cheaper labor costs means an increase in profits, which the corporation or partnership or sole proprietorship can then use to lease out those luxury boxes, which provides a rather significant chunk of the revenue that teams get.