Yeah but you are going down a rabbit hole with that discussion really. Compared to other areas of society who earn plenty - I dunno Bankers maybe - they should be earning a lot more
I mean they have tons of pressure, need to be super talented, short career, and indirectly probably employ an awful lot of people
I just find the footballer bashing a bit dull really. Obvs some of the wages have got ridiculously inflated but it’s bloody tough to get where they are
Bankers get an unfair reputation. That job absolutely takes over your life and is incredibly high stress. They get paid so much because they do essential, high-skilled work that nobody would choose to do otherwise.
The people who are really stealing a living:
- Most agents, including estate agents.
- Any landlord whose profit outweighs the maintenance and improvements they make to their properties.
- Patent trolls.
- Inheritors of intellectual property.
- Anyone who wrote a song or book more than twenty years ago and is still claiming royalties.
- The recruitment industry.
Essentially, people who, rather than adding value of their own, leech off the value created by others, or profit by stopping other people from adding value.
Footballers, on the other hand, get paid a lot because lots of people will pay to watch them. Capping their wages would just worsen the deadweight loss as that money gets redirected to owners, agents, and broadcasters and advertisers.
I think you’re missing the point here. Money won’t be redirected as it’s going to be considerably lower than it has been. We’re going to have to wait and see what the TV deals are going to be first and then it’ll filter down
I don’t think there’s much reason to think that there will be less money in the game in the long run. It’s like 2008. Major global recession, but in 2009 Real Madrid broke the world transfer record twice and still spent enough on other transfers to break it a third time. This summer will be tough, but 2022 will probably be back to business as normal.
People are still going to want to watch football. If TV deals are smaller (and I don’t think that’s likely, but possible) then the TV companies are effectively pocketing that money from getting a quality product at a discount.