In both the cases you mentioned -- college professors and cab drivers -- supply (of labor) massively expanded, and wages fell accordingly. Of course, the execs

In both the cases you mentioned -- college professors and cab drivers -- supply (of labor) massively expanded, and wages fell accordingly. Of course, the execs are greedy, and of course they win. The execs always win. You can look to Spotify for what happens on residuals, when an individual can choose to listen to any of 100,000,000 different songs. The only winners are those who control their own image and distribution. Like Taylor Swift, who makes 10 million each show and has full control over her recorded music.