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Writers Aren't Getting Rich–They're Barely Getting By Actors Aren't Getting Rich–They're Barely Getting By Athletes Aren't Getting Rich–They're Barely Getting
by paxys 2y ago
Writers Aren't Getting Rich–They're Barely Getting By
Actors Aren't Getting Rich–They're Barely Getting By
Athletes Aren't Getting Rich–They're Barely Getting By
Gamblers Aren't Getting Rich–They're Barely Getting By
Gold Miners Aren't Getting Rich–They're Barely Getting By
Entrepreneurs Aren't Getting Rich–They're Barely Getting By
You can use this same line for thousands of similar professions where there is only space for the top few % to succeed. Most people participating are fully aware of it, and still choose to do so.
- zitterbewegung 2y agoIts like the people in a profession make as much as a standard distribution or something or even a multimodal one (extremely high earners, average and low earners). https://en.wikipedia.org/wiki/Normal_distribution https://en.wikipedia.org/wiki/Normal_distribution https://en.wikipedia.org/wiki/Multimodal_distribution https://en.wikipedia.org/wiki/Multimodal_distribution
- noelwelsh 2y agoMore like a power law (specifically, Pareto distribution). E.g. https://economics.mit.edu/sites/default/files/inline-files/Lecture%208%20-%20Pareto%20Income%20and%20Wealth%20Distributuions.pdf https://economics.mit.edu/sites/default/files/inline-files/L...
- geodel 2y agoYes, power law is more appropriate for fan following professions. Multi-modal fits lawyers, MBAs etc.
- deleted 2y ago[deleted]
- lolinder 2y ago> where there is only space for the top few % to succeed Typically these careers have something else in common: individuals at the very top have practically unbounded wealth and a very visible public profile. That fact is actually the cause of the fact that only the top few percent will have any income at all. In most careers supply and demand stay reasonably in balance as people filter themselves out due to lack of real interest or ability. But with these 'careers' there are enough impressionable young people who see the extreme successes and are tempted by them that the supply of prospective participants far outweighs demand. This leaves the vast majority of hopefuls without any prospects whatsoever.
- Euphorbium 2y agoBut the entire point of the influencer is to flaunt wealth. Others do something.
- protonfish 2y agoThat's why it's so great to hear they aren't doing well. The delicious schadenfreude.
- red-iron-pine 2y agoFor certain kinds of influencer that is true. There is a lot more there than just spoiled rich girls trying to get images in resorts with their new Gucci bag. Plenty of make-up experts, fitness gurus, tech nerds doing CPU unboxing, video game & movie reviewers, political science analysts, etc., that are not focused on flaunting wealth. I did a study for a Master's degree class on influencers on YT & Insta who only go to spas (like peidcures, massages, etc.), and did ASMRs and Spa reviews -- and just in Asia. While they're reasonably well put together on camera, they're certainly not flaunting great wealth outside of occasionally getting a (fairly cheap) foot massage and cupping treatment -- and, in theory, YT revenue is subsidizing those trips. But some of them get TONS of views and drive actual foot traffic to these locations.