3 ms·
I think quite a few of the respondents are missing the point because you said that most people choose to "maximise profit" which has a negative connotation. (Or
by crc32 10y ago
I think quite a few of the respondents are missing the point because you said that most people choose to "maximise profit" which has a negative connotation. (Or apparently so, in their minds)
I read your comment as saying that most people choose a job based on maximising utility; one component of which is financial reward; and that top-class sports is one industry in which there is generally a consensus that "people are paid too much" - i.e. that there is a distortion; that perhaps their love of playing and the positives they contribute to society are already well priced in to their wages.
Also, it seems entirely reasonable to me that any market distortion implies an opportunity cost - that aggregate happiness; over time, would be greater; if we spent a little less on footballers and a little more on e.g. imho; carbon capture!
You even explicitly state that it would be extremely judgemental to blame individuals - i.e. footballers - for maximising their individual happiness at the expense of human society as a whole; and that instead this should be blamed on a market or political failure.