What do you find more outrageous:the salaries of top football players?
I have no economic reason to feel that the hollywood stars or the football players get outrageous salaries/ earnings. Not all football players or hollywood stars earn the same money within their industry: there is lot of variation. The stars get paid for the past performance and more importantly their short-term performance potential. It is because the moviegoers or the football spectators are willing to pay and the advertisers are willing to pay to get publicity of their products if the stars play in a movie or in a competitive football match, it is the potential revenue of movies and matches that the moviegoers, spectators and advertisers are willing to help generate that influences the expected marginal revenue productivity of different stars or combination of stars in the film or on the field. They get what they reall are expected to earn on that basis. Since potential revenue productivity is the basic criterion, whether an individual movie star will get more or less than individua