Athletes and Entertainers
By Arnold Kling
Allen R. Sanderson writes,
no one complains when Ray Romano (“Raymond”) gets $50 million a year—$1.8 million per episode—which takes about the same time to film as a baseball game…But let Alex Rodriguez sign for $25 million a year or let the mean baseball salary hit $2.5 million and commentators and the sports-talk-radio crowd get in a dither
My favorite example of a highly-paid entertainer whose salary I do not understand is Regis Philbin, who someone once described as “famous for being famous.” At least with athletes, there seems to be a higher correlation between pay and performance.
For Discussion. Do you suppose people do not complain about overpaid entertainers because it is so much harder to measure the quality of their performances objectively?