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U.S. women soccer players charge pay discrimination - Mar. 31, 2016
(Qualifier: I have three very competitive daughters that play highly competitive soccer.)
There's such a painfully poor understanding on display here of the supply-and-demand economics of matters such as this.
Compensation has to do with VALUE, not revenue. Sure, they can be interlinked, but there's also the component of OPTIONS that play into salary. Men's team players have them. Women's team players do not. What else are these women's players going to do? There isn't a professional league that draws enough interest to generate big salaries, so what leverage do they have? For the men, there are professional sacrifices made to play on the national team, and that has to be compensated. For the women, it's the best opportunity available.
Keep in mind, Alex Morgan is making a killing off of being on the US national team. Carli Lloyd is, too, as did Mia Hamm and as will Julie Johnston. Abby Wambach will not, just like Michelle Akers didn't. It doesn't take much imagination to figure out why. The range of endorsement opportunities are far greater for the attractive female athlete.
Simply put, you have to pay the men very well to play on the national team. For the women, you really don't. So the fact that the pay is roughly the same is a credit to the women's program. You're not getting Tim Howard to play for the US men for a favor when he's making millions at Everton. And I don't hear these women acknowledging the fact that their endorsement opportunities are far greater for some of them than any of the men.
Money is not a reward, it is a reflection of value, rarity, supply, and demand. If the women ever develop a professional league that generates the kind of interest of men's leagues - like womens' tennis has, for example - then the economics will change.
Players on the U.S. women's national soccer team say they are being discriminated against because they are paid less than members of the men's team.
"The women's team does the identical work as the men's team, except they have outperformed in every way," said Jeffrey Kessler, a lawyer who represents the women. "The U.S. Soccer Federation made a profit of $16 million on the women's team last year. It had a loss on men's team."
(Qualifier: I have three very competitive daughters that play highly competitive soccer.)
There's such a painfully poor understanding on display here of the supply-and-demand economics of matters such as this.
Compensation has to do with VALUE, not revenue. Sure, they can be interlinked, but there's also the component of OPTIONS that play into salary. Men's team players have them. Women's team players do not. What else are these women's players going to do? There isn't a professional league that draws enough interest to generate big salaries, so what leverage do they have? For the men, there are professional sacrifices made to play on the national team, and that has to be compensated. For the women, it's the best opportunity available.
Keep in mind, Alex Morgan is making a killing off of being on the US national team. Carli Lloyd is, too, as did Mia Hamm and as will Julie Johnston. Abby Wambach will not, just like Michelle Akers didn't. It doesn't take much imagination to figure out why. The range of endorsement opportunities are far greater for the attractive female athlete.
Simply put, you have to pay the men very well to play on the national team. For the women, you really don't. So the fact that the pay is roughly the same is a credit to the women's program. You're not getting Tim Howard to play for the US men for a favor when he's making millions at Everton. And I don't hear these women acknowledging the fact that their endorsement opportunities are far greater for some of them than any of the men.
Money is not a reward, it is a reflection of value, rarity, supply, and demand. If the women ever develop a professional league that generates the kind of interest of men's leagues - like womens' tennis has, for example - then the economics will change.