Answer to Question #158432 in Finance for Max

Question

Is it true that  In a bigger, more global economy, one can expect the wages of the most popular entertainers, financial experts and sports stars to increase due to the ‘winner take all’ economics theory ?

Answer 1

Yes, since the best performers are able to capture a very large share of the available rewards because of their public figure and being well known to the public, while the remaining competitors are left with very little.