The Absurdities of Youth Baseball

I'm struggling to understand how parents justify focusing so much time on something that will ultimately amount to absolutely nothing in life for 99% of children. I guess if there was a practical skill that resulted from baseball that could be applied to a trade or career it would almost be understandable, but literally almost no practical skill comes from playing baseball other than how to play baseball. The odds of your child getting into college on a baseball scholarship are extremely low and the odds of them actually making a career of it are so low that it's laughable. Do parents seriously think all this time and money couldn't be spent on something a little more constructive? Children need variety in their activities while they're growing up. I'm not saying quit it altogether, but people seem to be absolutely obsessed with it to an unhealthy point. I don't get it, but to each his/her own I guess.