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Politics : Formerly About Advanced Micro Devices

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To: Elroy who wrote (316364)	12/20/2006 10:40:47 AM
From: TimF	Read Replies (1) of 1575901

History proves athletes will still play at high levels with low pay. 80 years ago pro sports players made peanuts and Babe Ruth did fine. Babe Ruth didn't make peanuts. Adjusted for inflation he made over a million dollars per year. And real per capita economy was smaller back then, and the teams didn't have TV income. Which doesn't mean that given the right conditions the top players would not possibly play for a lot less, maybe even for a wage more like what the average wage is in the US. But we don't have those conditions and aren't likely to. And there isn't any way the government can impose them without acting unjustly and arguably moving towards totalitarianism. If the Yankees payroll went from $200 million per year to $5 million one would hope tickets prices would come down. They might come down, but no where near as much as the payroll came down. 1 - The wages and prices for other teams wouldn't decline as much, and the Yankees probably wouldn't want to cut more than other teams cut. 2 - Salaries are not their only expense. 3 - The owner wouldn't have a lot of incentive to decrease wages as much as costs. If their costs go down they would want to increase profit. This whole idea sounds like it would have to be imposed by government Then I would strongly oppose it. As for entertainers, if copyright law for music/film/TV were weakened significantly I'd actually like some weakening. Perhaps a repeal of the DMCA, and the end of the practice of perpetually extending the duration of copyrights so that no currently copyright ever expires, but besides that I wouldn't support a significant weakening of copyright. At least if copyrights were greatly weakened it would be a one time intervention rather then ongoing price and/or wage controls, but I'd still oppose it.

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