The Competitive Advantages of Overpaying

Everybody loves entertainment. Music, movies, sports, comedy, theater, books or whatever, people get excited about it like almost nothing else. So everybody, even people who don’t consider themselves “cultural,” places value on artists like writers, actors, musicians, and the many, many other kinds of people that bring us the things that entertain us. The conundrum we’re facing right now as a society is that it’s harder than in the past to get paid to do these things. Via Howard Sherman’s...

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