
Money 2.0: The Rich and the Rest of Us
Hidden Brain
Why Are Super Stars Paid So Much?
If you think that paying the super stars huge salaries means that they are going to work harder and perform better, you would expect better scores and more winds. But in fact, in team sports like that, higher levels of inequality and extreme pay for the super stars is associated with poorer performance in subsequent seasons. The team co ordination seems to be a critical factor here. So extreme disparities like that tend to be destructive to team work and co operation.
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