Yesterday my family and I got in the car and drove to Arizona for the day to see my beloved Los Angeles Dodgers play a Cactus League game against the Chicago White Sox at their new spring training complex known as Camelback Ranch.
The Dodgers lost 6-1 and, I gotta tell you, if the Dodgers don’t find some pitching help real soon it’s going to be a very long season. We all had a great time anyway. In fact, we vowed to make the trip again next year — whether the Dodgers find decent pitching or not.
While watching Dodger superstar Manny Ramirez (who went 2 for 3), I started to think about how much money this guy makes and what it must feel like from a financial perspective to be in his shoes; Manny is earning $25 million this year. Talk about being blessed!
According to the New York Times, in 2006 the average joe was paid a wage of only $46,996. That’s 1/532 the income of Manny Ramirez. Taking that data into account, and ignoring the effects of inflation, here’s what most people would experience if their modest wages gave them buying-power equivalent to Manny Ramirez:
The average home in the United States could be purchased for $413, based upon a median price of $220,000.
Of course, those that felt like “moving on up” could buy a $2 million beachfront home in Malibu for $3,760…
… or Don Imus’s mansion in Westport, CT, for $56,391, based upon his asking price of $30 million. (Good luck on that one, Don.)
A fully-loaded BMW 7-series sedan would cost $158, based upon the manufacturer’s list price of $84,200.
Then again, for the practical types, a Honda Civic would run only $29, based upon an MSRP of just over $15,505.
$79 would buy Dodgers season tickets with four of the best seats in the house, based upon an advertised price of $42,140.
A top-of-the-line iMac computer would cost $4.
An iPod Classic could be had for 46 cents…
…the more frugal types could buy an iPod Shuffle for only 15 cents instead.
Folks could drive their Hummers or other gas-guzzlers to their heart’s content because even a $50 fill-up at the gas station would only cost about 9 cents.
Meanwhile, the hungry could buy 5 items from their favorite restaurant’s one-dollar value menu for a single penny — and even have a little change coming back!
Depending on your actual wages, these numbers will vary slightly, but I think you get the idea.
Hopefully, this little exercise allowed you to escape for a minute or two and envision just how well-off many of these superstar athletes have it — and how out-of-touch most of them have become as to what it is really like to live with the rest of us here in the real world.
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