Wayne Gretzky earned much more during his NHL career than a university professor would earn.What would the neoclassical theory of labour markets suggest

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According to the neoclassical theory of labour markets, individuals are compensated based on their contribution to the production of goods and services in the economy. Therefore, Wayne Gretzky's higher earnings suggest that he has contributed more to the economy's production of goods and services than a university professor. This does not necessarily mean that he is more valued by society, but rather that the market values his skills and abilities as a hockey player higher than the market values the skills and abilities of the university professor.

Wayne Gretzky Earned Much More During His NHL Career Than