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> I'd love to hear your rationale on that.

I'm not sure what you are asking for: Evidence for the third paragraph? That's in the first two paragraphs. My economic theory of why the labor market works out that way?

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Saw your comment before the edit. I think you’d have a difficult time convincing just about anyone that a publicly employed loan shark debt collector adds more value to society than a highly paid football coach.

Ah, that makes sense. Well, I'd argue that the football coach adds zero to society - someone else could do the job and society would be unchanged. A more productive football coach only increases demand for productive football coaches.

But some people produce even less that that ...

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