superrific
Legend of ZZL
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Usually discussions of income inequality focus on hedge funds, executive pay, equity grants, etc. And obviously those things are really important.
But is it time to really and seriously include pro athletes in these discussions? The salaries are getting insane. In European football, it's even worse -- especially since the Saudis got involved. Reportedly the Saudis offered Vini Jr. $1B for two years. I mean, WTF? And F1 is a huge pot of money that goes to like a handful of people.
Golfers make obscene bank. Baseball players make $5M/yr *on average*. Meh NBA players are pulling in mid 8 figures per year.
What does this do to our perceptions of inequality and the politics of it?
But is it time to really and seriously include pro athletes in these discussions? The salaries are getting insane. In European football, it's even worse -- especially since the Saudis got involved. Reportedly the Saudis offered Vini Jr. $1B for two years. I mean, WTF? And F1 is a huge pot of money that goes to like a handful of people.
Golfers make obscene bank. Baseball players make $5M/yr *on average*. Meh NBA players are pulling in mid 8 figures per year.
What does this do to our perceptions of inequality and the politics of it?