Wage Differentials - Why do Footballers Earn More Than Teachers?

Wage Differentials - Why do Footballers Earn More Than Teachers? A video covering Wage Differentials - Why do Footballers Earn More Than Teachers?
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[@pokerockman]

Economics` saviour and messi of the world of a level economics

[@georgebeaven7525]

Harry Maguire is the exception to "premier league footballers have an extraordinarily high MRP"

[@rohanpatel2081]

You're the Ronaldo of economists.

[@wallopwallop9125]

Rohan Patel messi*

[@recklesz2275]

@@wallopwallop9125 Messi is shit

[@issavibe5438]

@@recklesz2275 factos 🤪🤪🤪😭😭😭😭

[@skeeto9998]

Sewy

[@olafgustav6810]

So the second best economist of his time?

[@burgerboy0505]

To the people who say people who saves lives should be paid more you’re are absolutely right but let’s be real
You would rather buy a football shirt which is some money for wages
Than your taxes being higher which some of it goes towards NHS and army

[@georgeholmes6099]

Mourinho earns £15.25 million for managing United and Ibrahimovic has been offered £26 million a year to play for a Chinese club.

[@rahulashra5645]

really great videos! just came across you on youtube and you seem to explain things really well. Wish that i came across your channel earlier. Thanks!!! @EconplusDal

[@anonymousbroccolli6197]

Truly helpful thanks alot mate

[@Mike-vj8do]

intersting video

[@ayhamshaheed7740]

Hey Dal, could you use an inelastic/elastic supply diagram to illustrate this same point, focusing on the skills instead of the revenue brought?

[@jovinkartik2181]

Dal. Anything on economic rent and transfer earnings?

[@cymbalmonkey8029]

surely demand is also inelastic? top teams only need a certain number of players and dont care much for bargains.

[@jacksonrudd3686]

Dal knows Messi is the GOAT

[@AmuterToLegend]

Just out of interest, what football team do you support?

[@EconplusDal]

Can you believe I'm a Newcastle supporter 😪

[@mert.a4240]

+EconplusDal unlucky but Rafa signed a 3 year contract so there is some hope btw do u watch true GEORIDE!?

[@samhansen794]

Me too

[@TamimIslam-pr7xc]

@@EconplusDal Not crying now though, top 4 in the table 6 years later haha

[@hammond7799]

What is mrp

[@asianboynicks]

marginal revenue product- the extra revenue that a firm gains by hiring an extra worker.

[@sweetie31]

My Red Peacock

[@rafayali5497]

Messi earns 120 millions euros per year

[@animehub1611]

Kota

[@juanestebankruhsanmguel1960]

That's without taxes

[@bayowa1]

Simple: football is private business, and has millions invested into it. They'll obviously get more than people working for public companies

[@Ping-yx6km]

Not necessarily (i know this was 2 years ago), a private business putting Iphones together in China for example can have millions invested into it from Apple, but the workers get paid next to nothing, this is because there are so many people who can do that job as the skill required is low. In the case of footballers, yes the high level of profit means that football clubs are able to pay footballers more, but it is extremely difficult to reach that skill level, meaning the supply of labour is much smaller and wages are therefore a lot higher.

[@user_97785]

​@@Ping-yx6kmso do footballers make magic? They do nothing. Every healthy man can do the same after some practice

[@carolgoesbrazenglish]

People wanna have fun instead of learn that's why teacher get no money in comparison to football players and singers

[@ayhamshaheed7740]

its all about supply and demand. Not the footballers/teachers/singers' fault - its ours!