Wednesday, May 11, 2011

NFL Locks Out Economic Benefits

Due to the NFL lockout of the 2011-2012 season many workers could lose business along with their jobs. There are many people whose jobs and businesses depend on the NFL. It’s the 2,500 ticket-takers, janitors and other game-day employees at the Superdome in New Orleans, and the suburban dry cleaner who washes all their uniforms. It’s the receptionists and accountants for the New York Jets, and the high school band booster club that sells burgers and beer at Carolina Panthers games. It’s the Episcopal church that sells parking spots for Tennessee Titans games, the hotel across the street from the stadium in Houston and the ticket broker who opened a store facing Cowboys Stadium. And on and on it goes, across the communities of all 32 teams. If there is no 2011-2012 season then many jobs will be lost and many businesses will close. The bars and restaurants around the stadium depend mostly on game day dinners. Consumers don’t go to the stadium to eat unless there is as game. It is like a ripple affect. Sporting events help the communities in which they are held substantially, even the move of one player can change the economy around the community. Take a look at Lebron James, changing the economy for Miami and Cleveland with one move, Clearly better for Miami and hurting Cleveland. If one player can make this big of a difference could you imagine the difference having no NFL teams could make. If the NFL lock out continues the effects will to large for businesses around the sporting events to survive.

1 comment:

  1. This is another good example of how one part of the economy can drastically affect the big picture. Domino effects seem to be in style as this is a very similar situation to the housing market crash of 2007 where one part of the economy is able to plunge the rest into recession. At a time of 9% unemployment hopefully this millionaires vs billionaires battle will end, saving the careers of thousands along with their well being