Some people would argue that they are overpaid because of how much money they rake in on the surface; however there are crucial terms and consequences to working in such a high-paying career field. The first point to consider is that their salary is based on supply and demand. They have a high entertainment value in our society, and are simply supplying our demand for entertainment.
April 12 is now known as Equal Pay Day — the day when — on average — women have finally earned as much as men did by Dec. The occasion led Ben Rothenberga contributing writer to The New York Times, to consider the first time men and women got paid the same amount of money to win a major tennis tournament.
It was at the US Open inbut it wasn't the tournament's idea. If the players are not willing to walk away, they cannot change their wages.
Dave Berri, Southern Utah University economics professor "Billie Jean King made a comment that the unequal pay situation stinks, quote-unquote," says Rothenberg. Soccer for more money. The women in the United States are generating more money than the men are, and the women deserve to be paid at least equal, if not more, than the men are paid, as long as that experience continues.
To No Value Undervaluing the labor of women compared to that of men is bad, but failing to value the efforts of the women at all is worse. And of course the players get nothing, no matter their gender, which is perhaps the only way in which the male and female basketball players are treated equally.
Can the WNBA afford to pay its players more? The men in the NBA are paid half.
I know what you're thinking. The WNBA is struggling, right? It would collapse without the support of the NBA, and it can't afford to pay the players more. In fact, the NBA was not doing that well 20 years into its existence.
So this is a viable business. The danger in this sort of analysis is that it might sound like blaming the victim: Still, what if Berri is right, and what if female basketball players and soccer players and tennis players all decide that he is?
This segment aired on April 16, It is the very fans who often grumble about the “ridiculous” wages paid to top athletes who in effect set their salaries. That’s because in a market economy the price paid for any factor of production (including labor services) arises from the choices consumers make about the items they wish to buy and how much they are willing to pay.
In the meantime, if they cannot be paid outright, surely the scholarship athletes should be able to engage in entrepreneurial pursuits that currently leads to costly NCAA investigations that have.
Aside from that, many still think college athletes should be paid. Another reason they shouldn’t be paid is because although it seems like colleges have so much money, many universities wouldn’t have the funds to pay all the athletes.
Do Professional Athletes Get Paid Too Much? Professional athletes often earn salaries in the millions—but those salaries can fluctuate wildly depending on the athlete and the sport. Are these sky-high salaries reasonable compensation for the grueling physical exertion and risk of injury that come with playing a professional sport?
Most athletes are getting paid ridiculous amounts for short term contracts; for example Beckham is getting paid 25 million dollars a year for five years, and most people would not make that in their lifetimes.
The United States pays its professional athletes way too much. According to the Huffington Post, within a five-year period an average professional athlete in the NBA makes $ million, $ million in the MLB, and $ million in the NFL.