Quote:
Originally Posted by Sea Dangles
If the salary of an NBA player goes up then so does the price of a ticket to the game. If you enjoy taking your family to a game of any sorts,tell me it doesn't hurt.
Posted from my iPhone/Mobile device
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It's a lot more complex than that. It's part of the total economic system being bent, stretched, expanding as more money is filtered into its various parts. The high paid Athlete, show biz, entertainment market in general is similar on a more expensive scale to the middle and lower paid labor market in effect when its wages go up. When wages in the rest of the market go up, the prices of the products do as well. But other factors, in a healthy market, compensate by leveling or overall raising in other ways.
Various discount ways to deliver products are devised, as well as being accompanied by the usual inflationary effect of wages rising all around as prices rise. Prices today for most things are much higher than they were 20, 30, 40 years ago by average factors of 4 to 15 times higher, or more. And wages have also risen by similar factors.
The dramatically rising wages in professional sports, in one way, have made going to games accessible to more fans than in the lower paying past. More money has attracted more to choose a sport over another profession, to be more dedicated and better at it, to devote far more time in training, etc. And so, because the pool of highly skilled athletes has expanded, more teams are able to be created and dispersed into cities that once did not have a team. Far more fans can attend games than in the past. And, of course, all the surrounding business and infrastructure is expanded as well. More jobs, better facilities, more things to do, growth, in general, is a product of more money being earned and spent.
And the great influx of money also makes attractive the expanded opportunities of the stay at home viewers. Viewing channels are created, sports talk shows abound, the aftermarket in clothing and paraphernalia booms, and so on. The present is the sports home-viewer's heaven. Huge high def TV's at lower costs than some original televisions, an endless variety and supply of stuff to eat and drink in well furnished man-caves which are more and more being availed by the fairer sex as well.
Sure, the immediate impact on some "hurts." But for most . . . it's all good.