Tyler Cowen, of Marginal Revolution, links to a piece about the increase in spending on college athletics.
Anyone involved in youth sports in the last decade might have noticed the emergence of large, multi-level sports clubs, playing in multi-million dollar sports complexes all designed to host large quantities of organized competition for young players to become seasoned masters in their sport and attract the attention of college recruiters.
Having your kid get “signed’ to a college team — no matter how small the college, or how un-followed the sport — is the new crowning achievement of childhood that brings ear-to-ear grins to the faces of parents.
Take away taxpayer-provided college athletic subsidies and that crowning achievement of childhood and the industry that has sprouted to help parents achieve that ear-to-ear grin goes away.
Arnold Kling also comments on college athletic spending.