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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsIt's Actually Good For A City's Economy When Their Sports Teams Go On Strike
What shocked us most was the conclusion about the economic impact of strikes on host cities. Cities end up being better off when the league shuts down.
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Also, the majority of the season was saved; it would have been very costly to owners and players had the season been lost entirely. In fact, it was this realization that caused the sides to some together. Compared with the 19981999 lockout, which lost about half the regular season, this one had a better outcome, because only 16 games were lost out of the 82-game schedule. Even if the 20112012 season had been canceled, it likely would have had little, if any, effect on the economic health of the cities that host NBA teams.
A 2001 study of past work stoppages found that, in 37 metropolitan area economies with professional sports franchises, there was no overall financial impact. Indeed, the cities appeared to perform better financially in years that games were canceled. There were other options that people spent their entertainment dollars on, in a substitution effect, while security needed for public safety at sporting events cost less because games were not played.
Read more: http://www.businessinsider.com/its-actually-good-for-a-citys-economy-when-their-sports-teams-go-on-strike-2013-1
IWelcome TheirHatred
(50 posts)A "Lock Out" is an action by the owners refusing to allow the workers to work unless they concede on issues.
A "Strike" is a job action by the workers
There is a difference.
FarCenter
(19,429 posts)IWelcome TheirHatred
(50 posts)When the story is really about the NBA OWNERS LOCKING OUT the players. It wasn't a strike.
It serves to reinforce in peoples' minds that owners are always the victims when in fact they aren't.
FarCenter
(19,429 posts)Any resemblence between NBA players and normal union workers is purely fictional.
IWelcome TheirHatred
(50 posts)Millionaires vs Billionaires
Brickbat
(19,339 posts)Lots of people don't give a shit about the difference.
ETA: Welcome to DU; love your username.
Brickbat
(19,339 posts)the players. "Good" is a relative term here.
HappyMe
(20,277 posts)in and around the stadium in all sorts of jobs.
FarCenter
(19,429 posts)Instead of funneling money into the pockets of team owners, players, TV networks, etc., who are outside of the metro area.
So while some employees of stadiums, concessionaires, etc. are clearly hurt, the effect is positive for workers generally in the metro area.
HappyMe
(20,277 posts)stadium and it dried up, I wouldn't be spending money anywhere.
You have some beef with sports, I take it....
FarCenter
(19,429 posts)It is a very inefficient way to subsidize economic activity.
HappyMe
(20,277 posts)that taxpayer dollars pay for. At least people enjoy watching sports.
FreakinDJ
(17,644 posts)The Half-Brained writer of the article pulled that out of "Thin Air"
FarCenter
(19,429 posts)Dennis Coates
Brad R. Humphreys
University of Maryland Baltimore County
March 16, 2000
The NBA lockout of 1998-1999 resulted in the cancellation of a signicant number of games.
According to the claims made by proponents of sports-driven economic growth, cities with NBA
franchises should experience signicant negative economic losses from this work stoppage because
of the lost spending in and around basketball arenas during this event. Although it will be several
years before adequate data exist for a careful ex post evaluation of the eects of the lockout, an
examination of the impact of past work stoppages in professional football and basketball can shed
some light on the potential impact of the NBA lockout as well as the viability of professional sports
as engines of economic growth in cities. The parameter estimates from a reduced form empirical
model of the determination of real per capita income in 37 SMSAs over the period 1969-1996 suggest
that prior work stoppages in professional football and baseball had no impact on the economies of
cities with franchises. Further, the departure of professional basketball from cities had no impact
on their economies in the following years. These results refute the idea that attracting professional
sports franchises represents a viable economic development strategy.
http://userpages.umbc.edu/~coates/work/lockout200.pdf
See paper for data.
Sherman A1
(38,958 posts)Contributed as much as we were told to a city'seconomy.
WCGreen
(45,558 posts)insists on public funding, tax forgiveness, capital construction paid by the public all for the honor of the citizens to spend hundreds of dollars to take a family to catch a game...
Professional Sports is run by the Biggest Welfare Queens who see it fit to urge their congressmen to vote against any aide to the general populous.
riqster
(13,986 posts)Columbus is taking a beating from the NHL lockout, especially the loss of the All-Star game.