[danielweber]

Used to be poets earned very little but had very simple lifestyles. It was their choice so everyone was happy.

Now if you want to be a poet, you still can. But the problem is that there are upper-class kids who want to be poets but not live like one, and they are going to bid up the cost of the poet lifestyle.

A similar thing happened in journalism. Kids of rich families wanted to "change the world" and bid the wages of working journalists down to nil.