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Analysis: Why College Athletes Should Be Paid

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“It’s much more efficient to pay people for what they are producing than it is to create a competition for the right to exploit them.” (Roger Noll, Stanford Economist) Paying people to perform is more effective than using them to perform was stated by an economist at Stanford
University on whether or not paying college athletes in college was a good idea. Paying college is a great idea, according Professor Noll, also, the amount of money that college athletes of a winning team bring in is more than enough to go around. Another reason why athletes should be paid is because the risk that is put on these athletes is a very influential factor in this ongoing debate. With Professor Nolls argument and the extra points thrown in, I don’t see why college …show more content…

Along with these reasons, there’s a benefit toward paying the athletes not just for their monetary satisfaction. If a college can pay their athletes then it will be able to help the athlete to develop a sense of financial awareness. If an athlete knows how to use their money they earn then it would help them to survive in their future endeavours. “Around 60% of NBA players are broke within five years of retirement… If schools were to begin paying players, they could help these students build a foundation of financial literacy.” (Patterson 2) A significant amount of athletes go broke after they are unable or unwilling to perform their passion. If you give an significantly more prosperous. They will have better knowledge of choices they have with their money. The argument of whether or not college athletes should be paid has been a conflict that has gone on for quite a while and it needs to be settled. Many college professors have said that paying college athletes is a great idea while some others argue that it isn’t. These players attract so many supporters who pay quite an amount to watch these world class athletes play is

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