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Fred B's avatar

I don't think we realize how much economics we do on a daily basis. You did a great job framing and explaining opportunity costs as well as the decision making process.

Youth sports is a major industry. The talk that your quoted is also a driver in the influence in trying to tap into the wallets of parents. Many parents have a dream for their children, the dream that they will be the next superstar. In chasing that dream though kids have to give up other things. This might be local relationships and connections to their community.

in the locality that I live, small and rural, the kids often have to travel and hour and half or two hours to have access to elite travel programs. This means kids are doing work in the back of parents cars so they can try to keep up with academics. They are missing school so they can go to elite tournaments. Yes, this may provide opportunities for future success, but what will the next best alternative be that they had to give up? Was it worth it?

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psc's avatar

Soccer! I knew you'd eventually find a way to cover this topic.

"Soccer might be the activity for which humans have achieved the highest level of excellence. (The coolest activity invented by humans is skateboarding; that’s a post for another day.)"

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