Comments on: Why Athletes Get Paid So Much and We Don’t http://socyberty.com/economics/why-athletes-get-paid-so-much-and-we-dont/ Thu, 31 May 2012 14:00:59 -0400 http://wordpress.org/?v=2.8.4 hourly 1 By: Ray Loon http://socyberty.com/economics/why-athletes-get-paid-so-much-and-we-dont/comment-page-1/#comment-365375 Ray Loon Tue, 12 Oct 2010 00:44:21 +0000 http://socyberty.com/economics/why-athletes-get-paid-so-much-and-we-dont/#comment-365375 Although the economics and market make a sence of it and I would have to agree with those terms, the answer still avoids the problem. Perhaps this article can open some minds up further beyond the reasoning of economics. http://www.dailymail.co.uk/debate/article-1255279/Fabio-Capello-dared-say-think-overpaid-footballers.html# Although the economics and market make a sence of it and I would have to agree with those terms, the answer still avoids the problem. Perhaps this article can open some minds up further beyond the reasoning of economics.
http://www.dailymail.co.uk/debate/article-1255279/Fabio-Capello-dared-say-think-overpaid-footballers.html#

]]> By: mike hawk http://socyberty.com/economics/why-athletes-get-paid-so-much-and-we-dont/comment-page-1/#comment-249969 mike hawk Fri, 26 Feb 2010 16:20:39 +0000 http://socyberty.com/economics/why-athletes-get-paid-so-much-and-we-dont/#comment-249969 shut up u guys are just hating cause u guys suck at sports and are jealous that ur poor and not rich like them shut up u guys are just hating cause u guys suck at sports and are jealous that ur poor and not rich like them

]]> By: Dat Man Than- Than http://socyberty.com/economics/why-athletes-get-paid-so-much-and-we-dont/comment-page-1/#comment-192349 Dat Man Than- Than Mon, 16 Nov 2009 20:12:01 +0000 http://socyberty.com/economics/why-athletes-get-paid-so-much-and-we-dont/#comment-192349 No body cares about your stupid conversations! DAMN! No body cares about your stupid conversations! DAMN!

]]> By: mike http://socyberty.com/economics/why-athletes-get-paid-so-much-and-we-dont/comment-page-1/#comment-62893 mike Wed, 22 Apr 2009 17:02:27 +0000 http://socyberty.com/economics/why-athletes-get-paid-so-much-and-we-dont/#comment-62893 The key economic concept here is actually scarcity. These athletes have scarce skills (low supply) for which there is high demand. Competition among potential employers (teams) drive up the salaries, particularly for those with the most scarce of skills (the Jordans and Gretzkys). <br /> <br /> You are correct in that there are many people paying for their services (high demand), but the other side of the equation is the low supply of elite athletes.<br /> <br /> The notion that this is relective of society's priorities is bang on. The key economic concept here is actually scarcity. These athletes have scarce skills (low supply) for which there is high demand. Competition among potential employers (teams) drive up the salaries, particularly for those with the most scarce of skills (the Jordans and Gretzkys).

You are correct in that there are many people paying for their services (high demand), but the other side of the equation is the low supply of elite athletes.

The notion that this is relective of society’s priorities is bang on.

]]> By: Jay http://socyberty.com/economics/why-athletes-get-paid-so-much-and-we-dont/comment-page-1/#comment-62891 Jay Tue, 03 Mar 2009 06:51:50 +0000 http://socyberty.com/economics/why-athletes-get-paid-so-much-and-we-dont/#comment-62891 I disagree that a person salary should be proportionate to the amount of people they service.... In my opinion a jobs effect on society should determine the amount that a person is making... Also just like in the sports industry I think that society should have a salary cap as well... At least per job, now if a person wants to make more money than is provided by his profession than by all means get a second job.... Honestly I think the sports industry and the media industry should be highly taxed... They don't provide a service that is actually benefiting society, it is simply entertaining.... So in conclusion I believe that a jobs salary should be proportionate to the importance of said service.. I.E. Teachers, Police Officers, Firemen, Doctors should be paid more than musicians, athletes, and entertainers.... But that is just my opinion... I mean I understand, watching sports are fun... I'm sure society would collapse without the super bowl, but maybe we would be able to find a way to survive!!!! I disagree that a person salary should be proportionate to the amount of people they service…. In my opinion a jobs effect on society should determine the amount that a person is making… Also just like in the sports industry I think that society should have a salary cap as well… At least per job, now if a person wants to make more money than is provided by his profession than by all means get a second job…. Honestly I think the sports industry and the media industry should be highly taxed… They don’t provide a service that is actually benefiting society, it is simply entertaining…. So in conclusion I believe that a jobs salary should be proportionate to the importance of said service.. I.E. Teachers, Police Officers, Firemen, Doctors should be paid more than musicians, athletes, and entertainers…. But that is just my opinion… I mean I understand, watching sports are fun… I’m sure society would collapse without the super bowl, but maybe we would be able to find a way to survive!!!!

]]> By: paul http://socyberty.com/economics/why-athletes-get-paid-so-much-and-we-dont/comment-page-1/#comment-62889 paul Tue, 30 Dec 2008 13:10:12 +0000 http://socyberty.com/economics/why-athletes-get-paid-so-much-and-we-dont/#comment-62889 If everyone stopped going to a sports event or a movie or a rock concert for 3 months You would see those saleries start to come down. Basically we the employers would be firing them all.<br /> So stop being nice guys stay home and let them feel what everyone else is feeling. If everyone stopped going to a sports event or a movie or a rock concert for 3 months You would see those saleries start to come down. Basically we the employers would be firing them all.
So stop being nice guys stay home and let them feel what everyone else is feeling.

]]> By: Jack http://socyberty.com/economics/why-athletes-get-paid-so-much-and-we-dont/comment-page-1/#comment-62885 Jack Mon, 28 Jul 2008 01:14:25 +0000 http://socyberty.com/economics/why-athletes-get-paid-so-much-and-we-dont/#comment-62885 Maybe I am a little confused... but it is my understanding that sport franchises and movie studios set salaries regardless of the amount actually obtained by the sporting event (number of consumers) or amount of moviegoers. So how are the consumers directly affecting the salary? Maybe I am a little confused… but it is my understanding that sport franchises and movie studios set salaries regardless of the amount actually obtained by the sporting event (number of consumers) or amount of moviegoers. So how are the consumers directly affecting the salary?

]]> By: nancy http://socyberty.com/economics/why-athletes-get-paid-so-much-and-we-dont/comment-page-1/#comment-62887 nancy Fri, 23 May 2008 22:21:06 +0000 http://socyberty.com/economics/why-athletes-get-paid-so-much-and-we-dont/#comment-62887 nice explanation. still not sure they deserve what they get though! nice explanation. still not sure they deserve what they get though!

]]> By: To post #1 http://socyberty.com/economics/why-athletes-get-paid-so-much-and-we-dont/comment-page-1/#comment-62883 To post #1 Fri, 23 May 2008 18:23:47 +0000 http://socyberty.com/economics/why-athletes-get-paid-so-much-and-we-dont/#comment-62883 Thank you for your comments. It is easy to make comparisons between teachers, fishermen, and other professionals who apparently have multiple people consume their service per unit time. This is not really the case, however.<br /> <br /> The difference is that every single person in a stadium (or theater) pays to consume that service. Every child in a school does not pay to use the teacher's services, rather the tax revenue is what funds such services. Private schools are funded through tuition, but private schools are also ridiculously expensive and for the very reason we suggest here. I believe you alluded to this in the first paragraph, and that is the key difference.<br /> <br /> Firefighters do not provide a service to millions in tandem (only one fire/emergency per unit time per firefighter). That's the difference. Is it possible for a firefighter to save multiple lives in a given situation? Yes. But it is not something he/she does every second of their job and it will not be for millions of people at a time.<br /> <br /> The issue is not the availability of a service to millions of people, but the actual consumption of it by millions of people.<br /> <br /> If we wanted to lower their salaries, yes, we could stop watching the games or movies. But the truth is that it does not really affect the public in any tangible way.<br /> <br /> We should not be asking ourselves how we can lower athlete salaries, we should be asking ourselves how we can raise teacher salaries; if such is the concern. Thank you for your comments. It is easy to make comparisons between teachers, fishermen, and other professionals who apparently have multiple people consume their service per unit time. This is not really the case, however.

The difference is that every single person in a stadium (or theater) pays to consume that service. Every child in a school does not pay to use the teacher’s services, rather the tax revenue is what funds such services. Private schools are funded through tuition, but private schools are also ridiculously expensive and for the very reason we suggest here. I believe you alluded to this in the first paragraph, and that is the key difference.

Firefighters do not provide a service to millions in tandem (only one fire/emergency per unit time per firefighter). That’s the difference. Is it possible for a firefighter to save multiple lives in a given situation? Yes. But it is not something he/she does every second of their job and it will not be for millions of people at a time.

The issue is not the availability of a service to millions of people, but the actual consumption of it by millions of people.

If we wanted to lower their salaries, yes, we could stop watching the games or movies. But the truth is that it does not really affect the public in any tangible way.

We should not be asking ourselves how we can lower athlete salaries, we should be asking ourselves how we can raise teacher salaries; if such is the concern.

]]> By: sam http://socyberty.com/economics/why-athletes-get-paid-so-much-and-we-dont/comment-page-1/#comment-62881 sam Fri, 23 May 2008 12:35:24 +0000 http://socyberty.com/economics/why-athletes-get-paid-so-much-and-we-dont/#comment-62881 nose bleed!!Hehehe nose bleed!!Hehehe

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