Fair.

Do you think therefore the signal/relative value can tell us nothing...? Is one profession more distorted than the other? 

Is there something about the principle that doesn't work when gov/union/monopsony interventions distort the outcome?

denlillaapan

Turns out, we've talked about this before: 

I actually don't think this is a great comparison.  Both basketball and education are heavily distorted.  Basketball by the monopoly of the association and teaching by public sector funding and unions.

I'd argue you can't really compare marginal anythings in either basketball OR teaching

the_stacker_muse

econ

On the Salaries of Basketball Players and Capitalism's Contributions to Society

Turns out, we've talked about this before: https://stacker.news/items/1057784/r/SimpleStacker?commentId=1058243

Here's what I wrote:

> I actually don't think this is a great comparison.  Both basketball and education are heavily distorted.  Basketball by the monopoly of the association and teaching by public sector funding and unions.
> I'd argue you can't really compare marginal anythings in either basketball OR teaching