I think this sets up minor leaguers with an awesome financial situation. The financial status of minor-league baseball players, even 3rd-day draftees with little probability of ever making it rich in the majors, is still way better than the vast majority of Americans in their 20's.
I have four kids in their 20's, two of them in graduate school and one recently completed. Pre-pharmacist, had to pay four years of college tuition, then four years of expensive pharmacy doctorate program. Seminary, 4 years college, then 3 years in seminary. Ph.D. track in biochemistry, 4 years undergrad + 4-5 years Ph.D. As a teaching assistant or research assistant, Ph.D. candidate in biochemistry gets paid in the $20-28K range as a TA or RA, basically what a minor-league baseball player gets paid. In all cases, those candidates are also responsible for their own room and board, with no housing provided and no meal money granted.
Of course, the Ph.D. candidate, Pharm.D candidate, and M.Div candidates got no signing bonus. In the 2022 draft, 15 of the 19 Cub signees got $125K or better. The other four were $100K (20th round), $80K (18th), $50K (17th); the only other guy below $80K was Nick Hull, the $25K senior sign (7th round) who'll turn 24 this summer.
Minor-leaguers have it REALLY good compared to Americans their age.