I don't know how to get past the paywall, but this headline caught my attention:

"The soaring price of youth sports: $50 to try out, $3,000 to play... Parents are struggling to keep up as costs and options rise for kids to play ball. Investors see an opportunity."

Youth sports has irrationally high demand - precisely the thing that the Patagonia vest private equity crowd drools over.

So if you think it's bad now, just wait until your grandkids want to play softball.

We're racing to the top and bottom. The top 10% of earners account for 50% of spending, and the same thing is going to happen in this little cottage industry. What a shame.