Ridiculous pay for star athletes and celebrities is at least fair
Put another way, we as a society actually do spend wayyy more money on doctors, nurses, and teachers. It’s just that there are many millions of people who have to split that pot of money, whereas for pro athletes there are only a few dozen or a few hundred to split that comparably smaller pot of money with.
I might have the same favorite NBA player as literally millions of people in this country. I for sure don’t have the same favorite doctor or favorite teacher, though.
So if a genie showed up and said “give $1 to your favorite celebrity and give $100 to your favorite teacher,” we as a society would give way more money to the teachers, but each individual teacher would receive less than each individual celebrity who gets paid under this system.
Put another way, we as a society actually do spend wayyy more money on doctors, nurses, and teachers. It’s just that there are many millions of people who have to split that pot of money, whereas for pro athletes there are only a few dozen or a few hundred to split that comparably smaller pot of money with.
I might have the same favorite NBA player as literally millions of people in this country. I for sure don’t have the same favorite doctor or favorite teacher, though.
So if a genie showed up and said “give $1 to your favorite celebrity and give $100 to your favorite teacher,” we as a society would give way more money to the teachers, but each individual teacher would receive less than each individual celebrity who gets paid under this system.