The Baseball Strike of 1994-1995
A discussion on the reasons for the baseball strike of 1994 to 1995 and its economic implication on the industry.
This paper discusses the reasons for the baseball strike of 1994 to 1995 and its economic impact ton the baseball field and related industries.
“The reasons for the strike were both complicated and virtually all economic. They all connected to one of two issues: the owners wanted to find an equitable way to distribute some profits to struggling teams in smaller markets, and in the process, they wanted to use some funds that in the past had been the players’. The management’s proposed solution (redistribution of some profits) was not a perfect plan as not all smaller teams faced financial difficulties (Staudohar, 1997).”
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