Context, Kalen.
A seller of labor just like one of golf rounds should be able to price his product at a level he deems appropriate. Only he can determine whether it is worth his while to produce at the prevailing rates. I can't think of a worse way of setting prices than having the government doing it (reference the worse aspects of our health care system).
It doesn't take a rocket science to understand that if an employee costs me $15/hour but delivers only $7.50 of production I can't just double my volume and break even. Is it better for him to accept $7.25 while he looks for a $15 job, or should that choice be taken away by social justice warriors who never face those dilemmas?
If a private club's prices are too low to generate sufficient revenues to at least cover costs, in the long run, it will have to close. As you know, there are many courses today selling for cents on the dollar, and some, even with a much more attractive cost structure can't make a go of it.
The problem, from my perspective, is not that golf prices are too low, but that there is not enough demand to support the cost structure of many clubs. I don't think that golf has lost its interest- the tours and high level amateur golf have never done better. Declining disposable income and financial insecurity, real or imagined, of Boomers is a big part of the problem.
Over time, the supply will decrease, and perhaps there will be enough demand to support healthier golf economics. I happen to believe that areas which are moderate with taxes and regulations do better in creating wealth and a wider distribution of income, both which are necessary for golf to do well.
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