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In the News

Singapore's e-sports training academies

Geoff Riley

20th November 2017

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A superb two minute video here from the BBC on the growth of e-sports training schemes in Singapore. Annual turnover in the global e-sports market is forecast to reach $1.5bn in three years.

E-sports events fill stadiums and cinema screens and the earnings of the top 3% of gamers have soared in recent years.

This is a great example of the derived demand for labour. As the e-sports industry expands, so too does the number of people needed as players, trainers, commentators and event organisers.

At the top echelon of the labour market, the supply of the best e-sports gamers is highly inelastic.

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Geoff Riley

Geoff Riley FRSA has been teaching Economics for nearly forty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD and Revision conferences in the UK and overseas.

@tutor2uGeoff

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