One of these days, free agent pitcher Jacob deGrom will sign a contract for close to $40 million a year. Odds are pretty good it will be with my team–the Mets. When he’s healthy, he can throw a baseball 100 miles an hour and hit a dime with it. deGrom is one of the most dominating pitchers I’ve ever seen.
If he signs with the Mets, they’ll load the top of their pitching staff with two aces, giving them a solid baseline for the 2023 season–and they’ll send their payroll into the stratosphere (maybe $300 million a year). It’s nice to finally see the Mets try to put a relevant team on the field after 15 years or so of acting like they’re based Dubuque, Iowa, rather than the media capital of the world.
In the meantime, the tech sector is poised for layoffs of the level seen in the Great Recession of 2008 and 2009. While most don’t think it’ll reach the carnage of the dot-com bust, both Amazon and HP have announced planned layoffs both this year and for the next two years. I’ve been laid off. It sucks.
Karen Bass became the new mayor of Los Angeles last week, promising to bring new ideas to combat the problems of homelessness, crime, and poverty. Los Angeles is ground zero for the trope of people living under the overpass. When we visited in 2019, Venice seemed like it had tents on every available square inch of space.
While a planned economy has never resolved problems of income inequality (except by making more people poor and fewer people wealthy), there’s something badly out of balance when we award nine-digit contracts to baseball players while dozens live full-time in tents on the streets.
To be fair, the problems of homelessness aren’t solely economic. They have roots in mental health and a permissive society that considers it mean to even call them homeless (they’re the unhoused), let alone push them into treatment or shelters. But even that costs money and we don’t tend to fund the kind of mental health framework required to really solve the problem. When we do spend on government programs they’re more likely to generate financial crime and earmarks for special interests than really solve the problem.
This isn’t a call for socialism–to tax the rich and feed the poor, ’til here ain’t no rich no more. (A more appropriate goal would be to feed the poor ’til there ain’t no poor no more.)
But the more I consider Jesus and what he would want, the more I wonder if he’d be cheering when a sports team signs a guy for a fraction of a billion dollars while people live under tents
If Jacob deGrom can get paid that much for throwing a baseball, more power to him. If a baseball owner can pay him that much, more power to him.
When you look at all the catastrophic things that have happened the past three years–Covid, race relations, hurricanes, wild fires and droughts, political strife, one of the most powerful men on earth threatening nuclear war–things seem like they’re badly out of control.
Even if you take all that away, collectively we seem as if our drive for bigger and better has gotten badly out of balance.
It may be unavoidable, but it makes me wonder about feeding the monster.