Robert Smith

speaker
1,476 appearances 11 recordings 6 series first heard Dec 2024 last heard 8 Jul

Robert Smith’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months
1 · Jul OctJan 26AprJulnow

Recordings per month over the last 12 months — 6 in all, peaking in Jul 2026 with 1.

Appearances

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He made $90,000.
Whoa!
Robert Smith, do you want to guess how much that is in inflation-adjusted $2026?
I mean, highest-paid players in baseball?
I mean, it's a lot.
Well, so is it a lot or a little?
It's a lot of money relative to somebody with a normal job today, but it's like, I don't know, 30 times less than a star baseball player would make today.
And so let's think about why.
Why were top players in baseball making so much less in 1969?
Well, part of it is baseball was just a smaller game then.
It's a more lucrative game today.
There is more money overall.
The pie is bigger.
Broadcasting, merchandising, everything, advertising.
But there's another reason, a reason that's, you know—
the center of today's show, and that is the players didn't have very much leverage because of the reserve clause, because they couldn't go play for other teams.
So as a result, they were getting a smaller share of the money that was coming into the game, a smaller share of the pie.
It was somewhere back around 2010.
There was, in fact, this scandal where Google and Apple and a few other companies had these secret deals not to recruit each other's employees.
It wasn't quite as stringent as the reserve clause, but it was definitely illegal.
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