It’s a winner-takes-all economy. More and more labor markets act as lotteries, where a couple of “superstar” workers make extremely outsized returns relative to their peers — who may well have started from the exact same starting line.

People have health insurance in case they get sick, car insurance in case they get in an accident, home insurance in case of a fire, flood insurance in case of water damage, life insurance in case of death, travel insurance for when they’re abroad, and pet insurance for their dog.

To have more chances at winning the baseball lottery, some players are deciding to get together and face the odds as a group. They are joining "income pools," which could change the way baseball players, and lots of professionals, think about how we get paid.

Pando is an innovative new income pooling solution that allows people in high volatility careers to pool their career risk. Since inception, Pando has signed hundreds of professional athletes into income pools and has raised a Series A from top Fintech investors.

Pando’s platform allows pro baseball players and more recently business school graduates to pool future earnings potential in ways that smooth income volatility for the group. In theory, this type of approach could help society better allocate talent against opportunities.

This model has been sustained because it has made the very best players very rich. But what happens to the players who never receive a big payday? Now there is a way for them to shed some of the risk they assume during the years before they reach the big leagues—if they reach the big leagues.