Paul Krugman

@paulkrugman ↗

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Last Checked July 3, 2020

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Sun Jun 02 12:23:50 +0000 2019

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Paul Krugman @paulkrugman

Mrs. Billington, we're told, was paid 10,000 pounds for a season. How should we think of that? Well, the Bank of England has a great historical database, which tells us that per capita GDP in Great Britain was around 30 pounds at the time 3/ https://t.co/tbZ9dQm2mB — PolitiTweet.org

Posted June 2, 2019 Hibernated

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Paul Krugman @paulkrugman

Krueger used Rihanna as an example of how modern media allow superstars to earn far more than they could from live performances. And he cites the Victorian economist Alfred Marshal on the limits faced by past artists, like Mrs. Billington of the London opera 2/ — PolitiTweet.org

Posted June 2, 2019 Hibernated

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Paul Krugman @paulkrugman

So Mrs. Billington earned around 300 times per capita GDP. Meanwhile, Billboard tells us that in 2016 Rihanna earned $22.3 million 4/ https://t.co/rBnMT0yb1w — PolitiTweet.org

Posted June 2, 2019 Hibernated