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by rlonn
2739 days ago
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>The volume of people making money, and the amount of money made by people doing artistic endeavors on the internet, when compared to decades past is troublingly lower. Would love to see some actual numbers here. My guess would've been that more people are making in aggregate more money off artistic endeavors on the internet, than in past decades. Look at the music industry, whose total value peaked and started falling, but is now back and has exceeded earlier peak, due to internet streaming. Diversity, meanwhile, seem bigger than ever. In the 80's you had a few mega stars raking in all the money whileas now there are millions of small producers each making small amounts. I don't buy this "troubled times" theory. The only trouble is the fact that a lot of former producers are getting replaced, but this is encouraging because if we're in the middle of a shift and the total market isn't shrinking it probably means there is more growth ahead. |
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This can remain true even if the absolute size of the economy is still rising, so it can look like the rich are getting richer while the poor are also getting richer. Inequality is still rising, but the tide is lifting all boats.