Invisible hand is something I trust far more than anything else to guide the society.
We need lot of teachers and nurses and that is possible only if they are cheap. If the teachers and nurses are expensive we will have few of them making education and healthcare more expensive.
The probability that some celebrity would earn disproportionately more than a conventional career will always be 1 in a fairly free society. Even in sports like say sprinting 1 player often is far better than rest of others.
"Invisible hand is something I trust far more than anything else to guide the society."
And I don't. The invisible hand has said that the Kardashians are more valuable than teachers. So to me, any argument that says the "invisible hand" should be used is completely invalid.
We need lot of teachers and nurses and that is possible only if they are cheap. If the teachers and nurses are expensive we will have few of them making education and healthcare more expensive.
The probability that some celebrity would earn disproportionately more than a conventional career will always be 1 in a fairly free society. Even in sports like say sprinting 1 player often is far better than rest of others.