I was riding in the car with a friend a while back when they said something along the lines of “Professional athletes are overpaid.” While I don’t necessarily disagree with that statement (Lebron), I have to disagree with the sentiment.
The odds for John Doe going pro are 22,000 to 1. That works out to about a 0.0045% chance. Did you know you literally have a better chance at marrying a millionaire, being murdered, being audited by Uncle Sam, or developing hemorrhoids than you do becoming a professional athlete?
Are Athletes Overpaid Compared to Other Professions?
Professional athletes are the creme de la creme. People that are the best in the world at what they do, typically are paid well for those skills, whether it be dentist, lawyer, contractor, or blogger. Should we say actors’ salaries should be capped? How about scientists, software developers, and real estate agents salaries should be capped too?
People get all pissy when they hear Kobe is making $17 million a year, but no one seemed to care when three 20-something guys created YouTube, to later sell it to Google for $1.65 billion. Does Kobe make a lot of money? Heck yeah, he does, but who am I to tell the highest paid athletes in the world that their earning potential should be limited?
Ya see, professional athletes get paid what they’re worth. If they make a big salary, they are likely drawing in a large fan base. In virtually all private sector positions, the better you are at your job (compared to everyone else) the better chance you have at getting paid more. Instead of being bitter that A-Rod signed a $250 million contract, be BETTER at what you do.
What Do You Think Peeps?
Are professional athletes overpaid? Should there be pay-caps on certain industries? Should I begin to play a game or is it too late for me?