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> but this isn't increasing aggregate economic output for the world How is it not? Demand is increased as people want to consume more content, and supply has r
by themacguffinman 5y ago
> but this isn't increasing aggregate economic output for the world
How is it not? Demand is increased as people want to consume more content, and supply has risen to match it. We have more creative & interesting content by more creators than ever, that's certainly a huge increase in overall economic output by any measure.
If you want to make some separate point about how "this isn't good for society" then make it, the economic productivity benefits of YT are huge regardless.
- asdff 5y agoI think you'd have to consider the productivity benefits of youtube relative to the productivity benefits of anything else. For instance, a customer goes on youtube for three hours and sees some advertisements or whatever. Pays nothing. Another customer goes to a local restaurant with some friends for three hours. Spends $60 on food and drinks. Of the two, what is better for the economy? I would wager spending disposable income within the local economy is better than watching advertisements for companies registered in Dublin or wherever has the lowest taxes.