The creator economy: the top 1% and everyone else
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The creator economy: the top 1% and everyone else
1–10 of 83 posts
Re: The creator economy: the top 1% and everyone else
#2Look at wealth instead of income, and you will probably also find that "the middle class" has always been a bit of rose-coloured labelling of some slice out of a Pareto distribution. Traditionally, people have felt middle class because they were not comparing themselves to an entire distribution — but (almost by definition?) the "creator economy" has been focused* on a tail.
* Eg I can easily find numbers for mean AdSense payments, but not median, nor, more importantly median including those creators who don't meet AdSense minimums.
Re: The creator economy: the top 1% and everyone else
#3Are there any entrepreneurial professions that do not have this winner take all dynamic ?
The only ones I can think of are professions with some physical constraints. Eg where the product requires the professional to be physically present. Eg surgeons, luthiers, sports therapists.
Re: The creator economy: the top 1% and everyone else
#4“ The creator economy, once hailed as the solution to economic inequality and the savior of the middle class, is facing challenges that threaten its very existence.”
Not to nitpick, but did anyone really believe that becoming a tik tok influencer was a reasonable career path for more than a couple hundred people? I don’t see how most middle class people would’ve been helped by the creator economy
Re: The creator economy: the top 1% and everyone else
#5Can the algorithms be changed to prevent Pareto outcomes from occurring?
Most content is arbitrary anyway so no real cultural value discovery is occurring with these algorithms IMO, just chance and feedback loops.
Re: The creator economy: the top 1% and everyone else
#6Is it me or does this article seem “off”. The verbatim repetition of the thesis multiple times makes me think this wasn’t written by a person.
Re: The creator economy: the top 1% and everyone else
#7Can the algorithms be changed to prevent Pareto outcomes from occurring? Most content is arbitrary anyway so no real cultural value discovery is occurring with these algorithms IMO, just chance and feedback loops.
Most content is arbitrary?
Re: The creator economy: the top 1% and everyone else
#8I half agree with this article. There does seem to be a typical power law in terms of who is able to make a bunch of $ and make this a viable career.
That being said, 'winning' doesn't necessarily mean having this be your entire job or revenue source. I think we're progressively going to see more 'portfolio careers' or people holding multiple small jobs. I've seen many folks have small ish followings (say few thousand subs on YouTube), but that's enough for them to generate good leadflow for a consulting business that sustains their family. Put another way, being a creator can just be the marketing or top of funnel for other activities.
If we view it solely as a full-time job, then it probably will be a privileged few <1% that 'win'. But if it's part of a larger portfolio of work, then the creator economy opens up a lot of new possibilities for people.
Re: The creator economy: the top 1% and everyone else
#9Is it me or does this article seem “off”. The verbatim repetition of the thesis multiple times makes me think this wasn’t written by a person.
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Re: The creator economy: the top 1% and everyone else
#10Is it me or does this article seem “off”. The verbatim repetition of the thesis multiple times makes me think this wasn’t written by a person.
Haven't bothered to read it. GPT detector says it is 99% fake. https://openai-openai-detector.hf.space/