Written by: Joan Starich
Surgeons work hard for their high salaries and so business owners, CEO’s, engineers, and some of the other wealthiest jobs America has to offer. But even compared to the highest and most elite occupations – celebrities earn up to 10 times more money.
Celebrities get paid more than doctors, students with masters’ degrees, and even some government officials. Britney Spears makes $58 million in a year. Simon Cowell makes about $90 million in a year. Tyler Perry makes $105 million in a year (Weisman). Just to put these numbers into perspective: Obama made $1,728,096 in 2010 (Soleman). Maybe I’m the one who’s crazy, but in my opinion the President of the United States should make more money than someone who sits in an American Idol judge chair all day and makes fun of singers on television. But it isn’t up to me - or even the president – how much celebrities make. It’s all in the hands of the American population.
Famous celebrities we all know and love actually contribute very little to society, so why do we keep putting paychecks in their pockets? Economists took a look deeper into the situation, and found that most of the money comes from dedicated fans and viewers from television sets. If you think that Britney Spears makes enough money – her record company makes even more. Your $10 towards that Luke Bryan CD goes a much longer way. The store it was purchased from makes a percentage profit, the workers at the store make a percentage profit, the record company makes a profit, the manager of Luke Bryan makes a profit, and lastly, Luke Bryan. So in reality, the money doesn’t just go to the celebrity, but it is spread out among various sources. What grants actors and celebrities so much money in a year is the amount of popularity they have among fans, and their significant roles played in our American culture.
Maybe if Obama came out with a mix-tape, he’d make just as much as Beyonce. Celebrities’ paychecks all depend on their status not only with the American people, but with fans all across the globe. Justin Bieber is touring the country this summer. Here is a Bieber link for ticket prices for a concert in LA on June 24th. Take a look at some of the best seats, and how much they cost.
So whose fault is it that celebrities make so much money? It’s up to the die-hard crazy fans that are willing to spend hundreds of dollars on them. Whether this is a giant waste or not, it’s all part of the invisible hand theory in that people will spend their money on their own interests, unintentionally contributing the entire economy. Even if celebrities do make too much, they are the people more likely to make bigger purchases that benefit our economy as a whole. So, next time you complain that doctors or surgeons make too much money – take a look at the larger sources. (Did I mention that Opera rated the #1 most money making celebrity with $165 million?!) After considering all these factors, my question to debate
Do celebrities make too much money?