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If League is your primary source of income, you may want to reconsider your life choices.
If League can be your primary source of income... Why the hell not?
I'd assume because there is more to life.
Though if I had to do it as a temporary option. Between that and working at like, Target, I'd take League anyday. Just not as a real career choice or 'permanent'/long-term income source. That's just me.
For me, the idea of work as life is laughable. Work is what I do to allow myself to have the life I want to have in my off-time. It's something I'm going to have to do anyway, so why not have it be something I enjoy?
Oh don't worry, I don't like the idea of working for life. Call me a snob or whatever, but the idea of basically working your entire life for some company you don't like, but still pays the bills, is entirely not what I want to do. It feels.....kind of mundane and simple, if I dare say. I'm not one of those people who could work 9 to 5 for 5-6 days a week and be content with myself. If I did it'd have to be something I wanted and chose for myself and I'm happy (eg - If I pursued nursing, or being a surgeon, or being a police officer, etc etc).
That being said. If I look back on my life, I wouldn't want to die or something knowing I made an income from a game, unless of course I created/worked on it (eg - A member of Riot/Valve/Bethesda, etc). Like I wouldn't want to be some kind of content creator only like a Lets Player or anything.
I'm saying that from a personal point of view, so no offence to you and whatever it is you do (I'm totally ignorant on who on RoG does what), it's something I don't want for myself. If others do it, I can't say I'm 100% like "yeah woo", and if it were my own child I don't know if I'd agree with it, but I don't go out of my way to make people feel bad for it. In saying that, I'm having a hard time explaining myself. I know what I'm thinking, just having trouble wording it.
Remember though that time is money. By choosing to teach someone, you are giving them your time, which is different from someone else's time. By asking for nothing in return, you would be giving away your time for free into the vastness of the cosmos.
Also, think of it from the reverse perspective. If there is a meaningful market for "league coaching hours", then the price will settle to the equillibrium price for the market. This has the benefits of:
1) You can't overcharge for coaching because the mentee would change teachers
2) People willing to pay more money than the equillibrium price still don't have to pay their full willingness to pay (because some coaches will be willing to work for less money), thus mentees still get a net consumer surplus.
3) There is a positive incentive for coaches to continue coaching, as opposed to one day: "Oh. I'm bored of coaching. I found Pokemon. Good luck with plat, kid."
4) The hours of coaching only go to the people willing to pay for it, which are the people who want it most.
The hand of a free market drives efficiency. You just need people to be free enough in their pricing.
EDIT: To defend RoG similarly wrt coaching, the market is a very good thing for RoG in general. RoG has good competition with other sites like S@20, so by having RoG supported by ads:
the LoL site with the best articles attracts most readers,
the site with most readers attracts more investors,
the site with most investment grows the most,
the site that grows the most distributes the best articles to more people
This is clearly a positive feedback loop that ensures readers' time gets spent efficiently, too.
As an economist and, just generally speaking, a reasonable person, I have to disagree with your points here. What you are saying, when generalized, essentially boils down to the idea that 'any transaction in a free market is necessarily a good thing.'
This isn't true. Even the more specific case of 'any transaction in which all parties have perfect information in relation to the transaction is necessarily a good thing' doesn't necessarily hold outside of the people who are directly involved in the transaction.
Not that I'm disagreeing with what you're trying to say, you're just being far too general and activated my professional ire.