Comment by PaulHoule
6 hours ago
To get to the Baumol effect, the movie actor can perform once and be seen by millions whereas the theater actor has to perform at least once a night in front of one roomful of people. So the former can get paid more, a lot more.
Probably the highest paid athletes in the world are european soccer players and the thing there is that these salaries can be justified in terms of the value top players bring in a game where being relegated can bring the money train for a team to a halt. You don't see working-class soccer fans complaining about this (they feel the value!) but the owners and many representatives of capital get fuming mad about it.
(Funny, growing up in youth soccer in the US taught me to think of the game as an exercise in Brownian motion where there are too many people on the field who aren't held accountable. It wasn't until I had an argument with a recommender system that couldn't accept that I hated soccer that changed my mind and turned me into one of those sports fans who rolls out of bed Saturday mornings to watch the Premier League that I realized how high the stakes are in the European game.)
In European football, relegation is a zero sum outcome for society: One team is relegated and another promoted. On average, equal numbers of fans are happy or sad.
Acting is about art, which brings up different issues and value. But looking at broadcast sports, the marginal value of doing that work is still zero: If that person didn't play football, someone else would and the entertainment benefit would be the same (excluding the few extraordinary athletes like Messi).
Well in American football we have the problem of teams that lumber on playing terribly for years and years. Like we have three teams in New York state and the Buffalo Bills (upstate) are good and the two in the city (the Giants and the Jets) are awful year after year.
If there was some accountability those teams would be better or would be playing at a different level or not at all. So I'd argue pro/rel is a net plus because it leads to better play. Personally I watching the New York Red Bulls (Major League Soccer) play in person but overall soccer is the US is not up to international standards.
What blows my mind about soccer in the UK is that interest is so great that they can support two leagues below the Premier League and I know there are leagues below those. When I went to the Cornell/Syracuse game which is a legendary matchup that attracts a lot of youth players in the audience I was just thinking of the depth and width of the pyramid of soccer play from Kindergarten all the way to the world cup which is what makes the soccer universe so compelling. (Kinda wish more of us enjoyed college soccer!)