ESPN reports that
Major League Baseball owners, despite boasting $8 billion in annual revenue and climbing, are moving toward eliminating the pension plans of all personnel not wearing big league uniforms, sources told ESPNNewYork.com.
The first attempt to do so, initiated last year by a small-market owner, never came to a vote after Chicago White Sox owner Jerry Reinsdorf chastised his brethren for being petty with the lives of ordinary people given the riches produced by the sport. A vote, which was intended to be kept secret, is now scheduled to take place at owners meetings May 8-9 in New York.
A relevant question: Do not those individuals working in the industry make a lot of money? The answer: Most actually don't:
The impact would affect much of the Major League Baseball family: front-office executives, trainers, minor league staff and scouts. Some of those personnel, particularly on the minor league level and in amateur scouting, make less than $40,000 a year and rely on pensions in retirement.
Of course, these days, Major League Baseball is raking in the money. But why should the various franchises compensate their employees when they can stiff them instead? The "lesser people" (Alan Simpson) ought to be stiffed because they can be stiffed, without unbearable cost and with no regret. That's the way of the world. There's no alternative. Etc.