The Spark

“The emancipation of the working class will only be achieved by the working class itself.” — Karl Marx

Olympics:
Who Gets the Dough?

Aug 2, 2021

The U.S. Olympic Committee pays its athletes a few thousand dollars ... if they win a medal. For a gold medal, $37,000; for a silver medal, $22,000; for a bronze medal, $15,000. Based on the athletes’ many years of hard work and training, that probably works out to be maybe 5 cents an hour for those who win a medal. And it’s zero cents an hour for the vast majority of the athletes.

Certainly an athlete like Simone Biles makes money from endorsements. But many Olympic athletes have to rely on other jobs to live. Unlike those who don’t have to train at all, but make millions of dollars off the performance of the athletes.