Or rather, Observer reader economics.
Grossly overpaid footballers are a constant topic among sports lovers. They are resented for the impact their excessive salaries have had on admission charges;
You\’ve got the cause and effect arse over tip there.
It\’s the ability to charge high admission prices (plus all the other cash, TV, replica shirts etc) which drives up footballers wages. This is true opf any business where it\’s human capital that makes it all work: the cash is going to flow to those with the scarce item, the human capital. True of banking, true of the movies, true of football.
As the surrounding society has got richer, as the amount being spent on leisure increases even more rapidly, that cash flows as a river in spate through football clubs. And it\’s the footballers who get the bulk of it. Just as it\’s the film stars who get most of the money in the movie business: rarely indeed is it the investors.
So, no, high wages do not lead to high ticket prices. It\’s the ability to screw high ticket prices out of people that leads to the high wages.