A Comprehensive Analysis: Why Olympic Athletes Should Be Paid More

By Jayson Panganiban July 10, 2024 16:34

Photo by Olympics NBC

The Olympics - a joyous moment where the world collectively pauses for an appreciation of what is possibly the most impressive display in sports. As the world marvels at displays of strength, speed and skill here in Paris there is an issue that bubbles under: payment for Olympic athletes. Let's delve into why Olympic athletes deserve to be paid more and how we're not quite sure of the best way delegate this payment.

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The Essential Labor

Olympic athletes are the heart and soul of the Games, yet many of them struggle to make ends meet. Matthew Graham, head of World Players Association, emphasizes the importance of recognizing athletes as essential labor and the product that makes all sports possible. Most Olympians make incredible sacrifices and often work multiple jobs to pursue their Olympic dreams. It's clear that fair pay and respect for their contributions are long overdue.

The Exploitation of Olympic Athletes

Paulina Tomczyk, secretary general of EU Athletes, points out the exploitation of Olympic athletes by the International Olympic Committee (IOC). Despite generating substantial revenues, the IOC has been criticized for not adequately sharing its wealth with the athletes. This disparity is even more glaring when compared to the practices in major sports globally. The struggle for basic labor contracts, social security, and employment protection further highlights the need for change.

The Case for Pay Equity

Pay equity for athletes is not just about rewarding the top medalists; it's about ensuring fair compensation for all athletes who dedicate their lives to their sport. The majority of Olympians make significant sacrifices and should be afforded the same dignity and respect they bring to their sports.

The Economic Impact of Supporting Athletes

Investing in Olympic athletes is not just about recognizing their hard work; it's also about the economic impact. Supporting women in sports, for instance, contributes to stronger communities and economies. Research indicates that empowering women in sports can lead to significant development payoffs and contribute to overall economic growth. It's not just about the athletes; it's about the broader impact on society.

The Way Forward

So, how do we make this happen? First and foremost, it's about reforming outdated business models and embracing a partnership-based model with the athletes. This has been proven to support economic growth and development of sport, ultimately leading to increased prosperity for the athletes themselves.

The introduction of prize money for Olympic gold medallists in athletics by World Athletics is a step in the right direction. However, the focus should not only be on the top medalists but on all athletes who contribute to the success of the Games.

Empowering Athletes

The IOC and other governing bodies should engage in a dialogue with players' associations to ensure fair pay and working conditions for athletes 1. Athletes should have a say in how the funds generated from their labor are utilized. Moreover, providing resources, education, and programs to support athletes in building their personal brands and expanding marketing opportunities can further empower them.

In the End

The time has come to reevaluate the compensation of Olympic athletes. It's about recognizing their sacrifices, ensuring fair pay equity, and empowering them to pursue their dreams without financial constraints. As we celebrate the incredible achievements of Olympic athletes, let's also work towards a future where they are fairly compensated for their dedication, hard work, and the inspiration they bring to the world.

In the spirit of the Olympics, let's strive for a level playing field where all athletes are respected, supported, and fairly compensated for their extraordinary contributions to the world of sports.