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 dogmaXYZPremium
join:2002-08-15
Boulder City, NV
kudos:1
1 edit | reply to The Dv8or
Re: The 10 highest-earning American athletes + The comparison to individuals in other fields is valid.
However there is another way to look at this. Over the past 2 years, bonuses paid to workers in the financial securities industry have fallen 44%. As the overall economy has faltered, so have those compensation packages on Wall Street.
Moreover, Americans personal income has been falling as well, however it seems professional athlete/entertainer incomes are increasing.
If a rising tide lifts all boats in a good economy, shouldn't the opposite be true for all boats...including Tiger's yacht, when the economy tanks? | |
 The Dv8orJust call me Dong Suck Oh, M.D.Premium
join:2001-08-09
Denver, CO | said by dogma:Moreover, Americans personal income has been falling as well, however it seems professional athlete/entertainer incomes are increasing. I completely disagree with this statement, and there is tremendous evidence to refute it. Certain athletes seem to be sheltered from the tide, i.e. Tiger, but many an athlete has seem much less cash than they would have 2 years before. Three of the most obvious in baseball are Manny Ramirez, Bobby Abreu, and Orlando Hudson. NBA revenues have gone down, which means the salary cap goes with it. Same thing for the NHL, where teams are trying to shed themselves of albatross contracts right and left, and are being much more frugal in how they sign stars. Even Tiger isn't completely sheltered from the storm--Buick dropped him as a marquee endorser. The lower level professional leagues are taking huge hits; the Arena Football League has completely disintegrated. That was a league with two major TV contracts.
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You're so vain... I bet you think this post is about you. | |
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