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Which Is Better: A Tiny Number Of Creators Hitting The Jackpot... Or Many Making A Living Wage?

When we point to examples of musicians or other content creators embracing new business models to make a living, one of the complaints sometimes is that the amount of money they're making is not huge. They're making a living, but they're not living the rockstar lifestyle. We sometimes get snide comments like "get back to us when so-and-so doesn't have to share an apartment any more." But, of course, the people who complaint these creators aren't making a huge amount of money are comparing the wrong things. They're comparing these independent creators to the massive success stories.

What they should be comparing these artists to is where they'd be under the old system. That's because the old system had an extreme bimodal distribution. A tiny, tiny, tiny percentage became superstars, and everyone else went home and did something else. That is, the old system was akin to a lottery ticket. Most people end up with nothing, and a very very few end up with a ton.

Sourcce: Techdirt

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