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by wonderwonder
2724 days ago
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Playing devil's advocate, if you believe that we are a capitalist society (not advocating for or against capitalism) and operating under an efficient market then society does in fact value professional athletes on an individual basis more than doctors as they are paid far more. Also I would argue that professional athletes playing their chosen sport for the entertainment of those watching are doing far more than showing off, they are in fact paid employees of high revenue corporations. With that said I don't think athletes should be using anabolics nor do I think doctors should be using anti depressants except under the recommendation of a neutral psychiatrist. |
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Yes, we value professional athletes more as people. However, we value the work of doctors more. In fact, the doctors themselves value the work more. That's why—like firefighters, or rescue workers, or police, or soldiers—they're willing to "burn their lives" (or risk their lives) to get the job done.
Micro-econ 101 isn't enough to explain this effect. You need an understanding of the desirability of jobs (and preference-functions that go into making jobs desirable), and how people are willing to trade off capturing less value as pay, for satisfying more of their other preferences.
You're right that professional athletes are paid employees of high-revenue corporations. Which is to say: they're paid a lot because 1. the corporation is getting a lot of benefit from their work, but 2. the athlete themselves is not getting much terminal-preference-satisfaction from the job itself, and so the athlete demands high monetary compensation for the work. (Compare: coal miners, oil-rig workers, etc. These people have risky jobs that they don't have any intrinsic desire to do; they're highly paid jobs because nobody would do the job if they weren't.) In the case of professional athletes, it's not quite that nobody would do the job, but rather that nobody with as much skill would do the job—the talent pool as a whole is large, but the top of the talent pool (the people everyone wants to see, and so the only valuable people from advertisers' perspectives) is small enough to create a seller's market for that talent.
Doctors, meanwhile, want the job (saving lives) to get done more than anyone else. That's often a large part of why they became doctors—because their preference-function ranks "saving lives" quite highly, so they will enjoy a little "saving lives" more than a large amount of something else. Thus, even though we as a society also value saving lives, we don't have to compensate doctors as much as professional athletes for doing it.