4 ms·
This sentiment is great, and I happen to subscribe to the view that financial wealth is an imperfect signal of value created. In reality though there is a psyc
by stanleydrew 9y ago
This sentiment is great, and I happen to subscribe to the view that financial wealth is an imperfect signal of value created.
In reality though there is a psychological effect that benefits those who make a lot of money as long as other people know they make a lot of money. How much money someone is willing to pay you is inherently a value judgement on their part.
All else equal, is a player paid $100K a year or a player paid $10M a year more likely to make the baseball hall of fame?
- ChuckMcM 9y agoI wouldn't disagree that there is correlation, after all by doing good stuff you get more of a say in what people will pay to have you do it for them. On the player question, if your a Giant's fan you might remember them paying $126M to Barry Zito, a Cy Young award winning pitcher. Somehow I don't think Barry is headed to the Hall of Fame.