3 ms·
"What do you need to spend money on that you can't afford with $90K?" Salary caps are, in my opinion, a backwards view. When someone says "basketball players s
by billybob 16y ago
"What do you need to spend money on that you can't afford with $90K?"
Salary caps are, in my opinion, a backwards view. When someone says "basketball players shouldn't be able to make $10 million a year," what they're really saying is "people shouldn't be willing to spend $50 on game tickets," or "more of the income the team makes should go to the coach," or something like that. The money is flowing in already, based on the market's decisions. Shouldn't the players get a big chunk of it? They're making it all possible, after all.
Similarly, trying to cap the salary of a doctor or a CEO or whatever is really saying "nobody should value your services enough to give you that much money." But... they do. How can you keep people from paying what they're willing to pay? And if they can't pay more, how can they compete for the best doctor or CEO or programmer or whatever? They will find other ways to compensate.