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This is because there are labor markets — men’s soccer as a global labor market makes so much more that players have better options even if a specific team is n
by rsj_hn 5y ago
This is because there are labor markets — men’s soccer as a global labor market makes so much more that players have better options even if a specific team is not doing well. That’s why you don’t do wage comparisons on a team basis but market basis. I’m sure there’s some flagging software company that earns lower revenues than a thriving restaurant, but the devs at that company will still earn more than the waiters at the restaurant.
The only way to change that is to make it illegal for workers to look for better employers, and make it illegal for firms to look for cheaper workers. But until that changes, individual employers will pay the prevailing wage, regardless of how much revenue they are getting.
This also works in the other direction. Company X makes so much but they only pay their cooks such low wages, etc.