Biden displays his economic illiteracy with his comments on Caitlin Clark’s salary

President Biden joined successful the left’s outrage Tuesday implicit Caitlin Clark’s reported rookie-year salary, erstwhile again displaying his stunning ignorance about, oregon indifference to, the laws of economics.

Clark, the women’s pro hoops superstar who’s breached records and drawn eyeballs to the sport, got a reported $338,000 four-year declaration with the Indiana Fever, earning $76,535 her rookie year.

By contrast, the 2023 No. 1 wide pick, Victor Wembanyama, has a four-year declaration with the San Antonio Spurs worthy implicit $55 million, with first-year wage reportedly pegged astatine $12.1 million.

The spread is giving the left, including Biden, conniptions.

“Right present we’re seeing that adjacent if you’re the best, women are not paid their just share,” Biden posted connected X.

“It’s clip that we springiness our daughters the aforesaid opportunities arsenic our sons and guarantee women are paid what they deserve.”

Please. There are galore reasons for the wage spread betwixt women players and the NBA’s men, but none of them is sexism, arsenic Biden & Co. imply.

Fact is, the WNBA simply isn’t arsenic palmy financially arsenic its antheral counterpart.

The full 12-team WNBA pulls successful conscionable $60 cardinal per play from TV contracts with ESPN, CBS, ION and Amazon, and $200 cardinal wide past year.

No mode tin it spend to wage its players thing close to the sky-high salaries of NBA stars.

The 30-team men’s league, remember, makes $2.7 cardinal from TV contracts and its full recorded gross was $10.6 billion past year.

The overriding reason: Viewers person had tremendous involvement successful men’s professional basketball; women’s hoops, not truthful much.

At least, not until recently.

Clark, on with different pistillate standouts, similar Angel Reese and Aliyah Boston, are helping to alteration that with their singular diversion talents.

As involvement successful women’s sports grows and boosts the league’s fiscal success, the wealth volition flow.

And Clark, Reese, Boston and, successful fact, the each the WNBA players volition beryllium capable to bid fatter contracts, commensurate with their talent.

In the meantime, Clark volition marque millions from endorsement deals and societal media. Because advertisers are willing to wage more.

Yet Biden has nary hint — oregon interest for — specified basal economical principles.

Heck, look astatine what Bidenomics has done to the economy: Average Americans person seen prices soar mode faster than wages. Meaning they’ve mislaid ground.

High involvement rates are making purchases unaffordable, and the Federal Reserve is present informing they won’t travel down arsenic Biden promised.

In November, pocketbook issues volition instrumentality halfway signifier astatine the polls.

Don’t beryllium amazed to spot voters clasp Biden accountable for his economical illiteracy.

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