iron law of economics

While players^°hard word inside the top 20 or 30 "don't^°hard word really have that many financial^°hard word struggles^°hard word," Blohberger^°hard word said^°hard word that grandmasters^°hard word outside of that do, especially in Europe^°hard word. The two main problems, as^°hard word he described^°hard word, were (1) the high cost^°hard word of living and (b) the lack^°hard word of recognition^°hard word.

In both respects, he compared^°hard word the conditions of Europeans^°hard word and Asians^°hard word. To illustrate^°hard word one difference^°hard word, he gave^°hard word an example: imagine two 2600-rated players^°hard word, one from Germany and the other from India. "If both of these players^°hard word have the same rating... and they play the same tournaments^°hard word... they will, on average^°hard word, make the same prize^°hard word money, let's^°hard word say, and this prize^°hard word money is of course worth^°hard word way more in this case in India than in Germany."

He also raised^°hard word that the prizes^°hard word and "honorary^°hard word" (a stipend^°hard word paid^°hard word by leagues^°hard word or clubs^°hard word) have stayed the same for decades and have not^°hard word risen^°hard word with inflation^°hard word.

The second issue^°hard word was recognition^°hard word. While chess has been historically^°hard word popular^°hard word in Europe^°hard word, the popularity^°hard word boom^°hard word seems to have transferred^°hard word to Asia^°hard word.