4 ms·
Your theory is that unions are holding back wages of elite professional athletes and movie stars?
by CPLX 3y ago
Your theory is that unions are holding back wages of elite professional athletes and movie stars?
- rrdharan 3y agoI don’t know why you’re expressing such incredulity at the idea: https://www.inc.com/jeff-haden/even-though-lebron-james-makes-49-million-a-year-research-shows-hes-significantly-underpaid-so-are-your-superstar-employees.html https://www.inc.com/jeff-haden/even-though-lebron-james-make...
- flappyeagle 3y agoYes. The NBA collective bargaining agreement puts a max salary on players. In a free market LeBron would have made far more during his career, and the average player less. This is exactly a case of increasing the median salary at the expense of top performers.
- manuelmoreale 3y agoAnd isn’t that a good thing overall? Like isn’t that an outcome we generally want as a society?
- bigbillheck 3y ago> The NBA collective bargaining agreement puts a max salary on players If you check the recorded history you'll find that the NBA salary cap was there since the very first year of the league, and predates the union by several years: https://www.apbr.org/labor.html https://www.apbr.org/labor.html
- flappyeagle 3y agoThe team salary cap and the individual max salary are different things.
- HDThoreaun 3y agoThe nba players union is definitely holding back the salary of Lebron. He'd be making 70%+ of the salary cap without max contracts that the union forced.