As Nicholas Nassim Taleb would, maybe, speculatively, put it: highs school statistics teaching based on normal distributions claims another victim. The writers

As Nicholas Nassim Taleb would, maybe, speculatively, put it: highs school statistics teaching based on normal distributions claims another victim. The writers constantly writes about averages. Digital economies almost always follow heavy tailed power law distributions for which the mean is a completely worthless statistic. The top 100 or whatever creators in any market are clearly making it work nicely. The rest of the chumps are merely trying the market. How the game works is: you invest person time/money to try something. If it catches (which it almost surely will not), you will do very very well. If it doesn't, you go do something else. It's akin to playing the lottery, but maybe with a bit higher odds at succeeding. More people will never make a profitable career out of writing simply because there aren't any more readers to read all the stuff that's being written. If the top 1000 or so writers can approximately satisfy the reading needs of all the people in the world, the rest of the writers are not needed and they will not make any money no matter what monetization system is being utilized.