Or Is That, “Anti-Totem?”

I’ll leave my reaction to (re)watching “Rocky” 36(!) years later for another post.

But, what I noticed — besides all the bare office desks (what, no PC monitors??) — were the differences between sports arenas then and now.

The backdrop for the movie’s climactic fight scene is the old Philadelphia Spectrum, host (once upon a time) to the Flyers hockey team.

What you see is an oval stadium much like modern stadiums, ringed with multi-colored seats.

And that’s it.

No corporate-sponsored luxury boxes, no massive TV suspended from the ceiling, no bank of smaller TV screens on virtually (and I mean virtually) every wall.


Leaving aside the obvious technology differences between then and now, what jumps out are the economic ones.

You’d guess that the difference between the cheapest and most expensive tickets at the old Spectrum was a multiple of maybe 3 or 4.

In other words, the cheapest ticket might have been $10, and the most expensive $40.


The cheapest ticket for a similar event today might be $40, and the most expensive . . . at least someplace like New York, I dunno . . . $1,500?

Chicken or Egg?

That dispersion and stratification mirrors an analogous one that’s taken place in broader society roughly since then.

Namely, as recently as the late ’70’s, CEO’s routinely made 30 times or so what the janitor made.


Try, 500 : 1 — and still climbing.

In fact, accelerating.

In truth, no one really knows if the “500” part is accurate, because CEO compensation is now so lavish and complex — and the disclosure rules so murky — that’s it’s hard to determine.

So, here’s what I want to know:

Which came first, the luxury boxes or soaring upper bracket pay?

What were the cause(s)?

And one last one:  is society better or worse off as a result?

If you think you have the answer(s) . . . I’d love to hear.

About the author

Ross Kaplan has 19+ years experience selling real estate all over the Twin Cities. He is also a 12-time consecutive "Super Real Estate Agent," as determined by Mpls. - St. Paul Magazine and Twin Cities Business Magazine. Prior to becoming a Realtor, Ross was an attorney (corporate law), CPA, and entrepreneur. He holds an economics degree from Stanford.

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