If you could invest in a long term asset that will make your business more efficient and increase revenue, would you pony up the cash? Of course! You're in the business to make money.
Let's say that asset is projected to increase profits by $1,000,000 annually. A reasonable price to pay would be $100,000 right? The profit margin is still 90%. But then other businesses step in. A competing firm is willing to pay $250,000 for that asset. Do you back down? No! There is still plenty of profit to be made! So you make a counter bid. Eventually the bidding gets so high that other firms are forced to back out.
Sure, the price may not be what you'd like, but you managed to snag an asset that was in high demand and you are still managing a profit. You will probably pay $900,000 for it's services. Pricey? Yes. Profitable? Yes. Worth the money? Yes.
Same goes for athletes.
Lebron James, who played for my Cleveland Cavaliers, is the best player in pro basketball (arguably, of course). He makes millions of dollars but I BELIEVE he took a pay cut, just so he could be in Miami. The rumor is that Delonte West, who is now no longer with us as well, slept with Lebron's mother, during the last couple of days of that championship series. We don't know if the rumor is true but Lebron is still the best player out there and he deserves the amount of money he gets, whether he's here in Cleveland, or down south, in South Beach.
Also, for a joke...Lebron may be heading south, but his mom is "head"ing West. Please tell me if you get the joke, not everyone does
Theoretically, no. There is much disproportion between what they earn and what an average person earsn (obviously) and that gap is wayyyy too big, imo. People making more money that a few hundred people together isn't "right" or deserved.
But it's upto people to do what they want with their money. The people who make the contracts, etc with these people do so of their own volition. So I guess we should go to the source of the problem and say it's the CEOs and the like of companies and corporations that are the issue. Such a huge concentration of wealth in a few individuals isn't exactly "fair", but that's capitalism for you.
Yes
I do believe those with talents should be rewarded for such talents and abilities.
I think people who say "no" are blowing smoke outta their asses cause they know they'd think otherwise if they were an athlete or artist. They'd think they deserve that plus more.
i don't think they deserve as much as they're getting, but they do deserve to make more than an average person simply because there is so many more costs going into their jobs. It's expensive to make movies, etc. So it makes sense that their income would also be higher
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They don't, because all their earn is based on hype - take away their popularity and fame and rate them as a normal person and BOOM - the numbers go down in such an incomparable rate!
And seriously - do you really think famous artists or musicians are automatically better than others only because they are "famous"?
A famous artist can make a pile of crap and it will be labeled as a "chef d'oeuvre" - the same about popular, overhyped music!
About sportists I won't even begin.. as I'm not into that and still can't grasp the mentality of sitting in front of your TV all day... watching people running around the field... awesome... I guess...
there are two sides of negotiating a deal and if you get the deal you want then I say good for you. when I hear an athlete get a huge contract the haters come out and talk sh*t but the fact is no one put a gun to the owners head to go ahead with that deal. the fans paying can control things more by simply not shelling out money if they're unsatisfied with the product (athletes, entertainers, etc) instead of whining about it. these people are independent contractors who will get whatever they can through their agents, if no one pays to watch games anymore then they will get nothing, if everyone still wants to pay for overpriced tickets/food/drinks etc then the money will continue to be made at an incredible pace.
I don't know what 'deserve' means in this context.
In each of those cases, many people willingly pay relatively small amounts to get that athlete, that entertainer or that artist. They get paid a lot because even a slightly inferior substitute is much less desirable, and because they provide a small benefit to a huge number of people.
In general, entertainers, athletes and artists are however, paid terribly.
Yes, the most famous athletes and singers make many millions a year, but the worlds most famous software developers, electrical engineers, bankers and hedge fund managers are earning significantly more. Meanwhile, the 100,000th best paid programmer is still earning a decent wage, while the 100,000th best athlete coaches his or her kids softball team and the 100,000th best singer has to pay to do karaoke.
Do athletes, entertainers, and artists "deserve" a bit more than the average income? Yes, I feel like they do. Pro athletes and famous artists/musicians have earned their spot and thus earn the income of being well-known. But do they deserve what they get now? Absolutely not. No athlete is worth millions of dollars PER GAME, no matter how talented or on what professional level he's on. No musician is worth millions of dollars FOR ONE SHOW, no matter how many idiots listen to them.
They're entertainers and we're the ones that provide them with that high of a salary by going to their concerts, going to games, buying jersey's, shirts, and other team apparel. It's pointless to complain about it because I doubt it's ever going to actually change.
Yes, because they bring in a constant revenue. An actor may make 20 million dollars for a film, but that film will be selling forever! And the actor's salary should have been more. same with music.
Athletes, there salaries differ from player to player, but still they are damaging their bodies, and after
they are done playing most of them don't have many choices for work.
ideally no...
the people who should deserve the most money are the people who save lives, people who put themselves out on the line for others. those people should have the highest salaries.
will that ever happen? no.
yes I think so, the trade off for all that money is never having privacy and not being able to associate with people on a real level because somebody is always going to want something from you, I don't support these people aside from the athletes because I watch the games I guess
If they earned it or born into it, then it doesn't matter if they deserve it or not. It's not like giving a random low income or middle class person 12 million dollars and discussing did he/she deserve it or not.
yes because they are making someone else even more money so they deserve a cut
I wouldn't say deserve but there is demand for their talent
if so many people didn't watch or support football then it wouldn't have as big salaries
its not a salary per se... its a commission ... imagine if people didn't go see entertainers in the big areas.
YOU are the person paying them
yes because they provide our lives with amusement, have a skill, and have to deal with fans taking pictures of them, etc.
Yes because they put in a lot of hard work to get where they are at
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