"Average work with average talent" should NOT equal average wage because people should be self-selecting in to things they are above average at as a profession.

"Average work with average talent" should NOT equal average wage because people should be self-selecting in to things they are above average at as a profession. As a society, we don't want a bunch of mediocre musicians, we want only good ones. This sort of explains why many areas are winner takes all or extremely exponential in wage/quality.