OK, it’s time for another round of “Are Star Athletes Overpaid?” I hope to bring some economic theory to bear on this well-worn question.
As usual, which side you take will say a lot more about you than it says about the star athletes.
It’s never a bad time to argue over athletes’ pay, but now is a particularly good one.
The supply of star athletes is extremely limited, so they can demand a high price for their (nonessential) services.
(Unless you’re dying of thirst in the desert, in which case you would give a pocketful of diamonds for a single glass of water.)
Persons:
It’s, Kylian Mbappé, Tiger Woods, Jaylen Brown, Justin Herbert, Mbappé, Adam Smith, Smith
Organizations:
The Times, Athletic, Nations
Locations:
“