By Jack Kelly
Instead of wasting all of your time doing homework and studying for tests, you should’ve been playing football.
Patrick Mahomes, the Super Bowl-winning quarterback, accepted a historically massive $500 million contract extension with the Kansas City Chiefs.
Congrats to @PatrickMahomes on agreeing to terms on a 10-year extension worth $503 Million. He gets $477M in guarantee mechanisms and ability to have outs if guarantee mechanisms aren’t exercised. No trade clause. First half billion dollar player in sports history. History made. pic.twitter.com/beSGN4jyej
— Steinberg Sports (@SteinbergSports) July 6, 2020
His agency announced Monday that the 10-year, half-billion-dollar deal on Twitter. Mahomes’ agreement is worth $503 million, with $477 million in guarantee mechanisms and a no-trade clause. He’s “the first half-billion dollar player in sports history,” according to Steinberg Sports.
Oh, here are some other salaries of quarterbacks:
- Russell Wilson, Quarterback, Seattle Seahawks: average annual pay: $35 million
- Ben Roethlisburger, Quarterback, Pittsburgh Steelers: average annual pay: $34 million
- Aaron Rodgers, Quarterback, Green Bay Packers: average annual pay: $33.5 million
- Jared Goff, Quarterback, Los Angeles Rams: average annual pay: $33.5 million
- Kirk Cousins, Quarterback, Minnesota Vikings: average annual pay: $33 million
Well, it doesn’t pay as well as football, but there’s another type of job that’s in demand. Covid-19 caused a health crisis, which became an economic crisis that begot a job-destruction catastrophe. With the economy still sucking and a re-emergence of coronavirus cases, companies are reluctant to hire full-time permanent employees. In fact, they’ve been laying off thousands of workers. Over 47 million Americans filed for unemployment benefits since the pandemic started.
According to CNBC, there’s one stalwart out there—freelancers. According to Freelancer, a marketplace for freelancers, this segment has seen a surge in demand. It’s kind of coincidental and meta that a company offering freelancers is touting the hiring of freelancers. The company claims that job openings increased over 25% during Q2 compared to the similar period last year.
It makes sense. Corporations are understandably hesitant to hire full-time employees, as they’re uncertain of what the future will entail. The way 2020 has been going, who knows what insanity is in front of us. Rather than hiring a person to only have to lay them off if business conditions deteriorate, it’s easier to hire a contractor to help out on an as-needed basis. The companies also save on benefits and other costs associated with full-time employees.
The scary thing is, this may be the wave of the future. It’s good news for Freelancer and its stable for workers, but not so much for everyone else.
In another sign of the times, CNN reports that about 20% of adults in the U.S. have moved or know someone who did because of the Covid-19 outbreak. Job losses, college kids sent home as their schools closed down, fear of contracting the virus and getting out of big cities have all been some of the drivers for making people decide to move.
There has been a large exodus of folks from crowded cities, such as New York and San Francisco, to smaller suburban areas. Many people purposefully flocked to big cities for the nightlife, social activities and jobs. Now that restaurants, bars and clubs are closed, some cities bore the brunt of breakaways from peaceful protesters who turned toward looting, violence, mayhem and epic job layoffs. They figured it’s time to get out.
Speaking of getting out, Axios reports that betting markets show gamblers are betting on a Joe Biden (remember him?) win in November. The bets also indicate that the Senate and Congress will turn Democratic too.
“A Citigroup poll of 140 fund managers released last week found that 62% expect a Biden win,” which is a stark contrast to the 70% who expected a Trump victory in the same survey in December. Before you pop open the champagne bottle to toast the eviction of the evil orange man, there is something you need to be cognizant of. In this supercharged hateful and politicized period we’re currently muddling through, people probably aren’t being honest when saying who they’re voting for.
A potential Trump voter may not tell the person conducting the survey that she’s voting for Trump out of fear of reprisals or being labeled “racist” or accused of other isms and ad hominem invectives. This is sort of what happened back in 2016 when people kept their support for Trump a secret and the environment was not nearly as toxic and dangerous as it is now.