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He got the economics all wrong. There's no shortage of people that can play sports well (at a comparable level to the average teacher or firefighter). It's more
by JDDunn9 10y ago
He got the economics all wrong. There's no shortage of people that can play sports well (at a comparable level to the average teacher or firefighter). It's more about the network effect of fans and the marginal value added (think about the value of the Cavs before/after Lebron James).
A better point would have been about how the total dollars spent on teachers and firefighters is many times the total spent on athlete's salaries.