Book publishers generally charge far less for an e-book than the physical copy, record companies put music for "free" on YouTube and Spotify. They found that video game piracy dropped to very low levels when video games started being sold online for cheaper than physical copies.
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The real thing here is using a credit card to buy something online is just more onerous on the consumer than even using a credit card to buy something in person
Thanks. Twitter will use this to make your timeline better. UndoUndo
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An aspect you've not mentioned - democratisation of production means more content creators splitting the (likely) same pot of money. More space for niche success. As a result the strata of people who *just about* make a living has shrunk, but more people creating overall.
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And pretty sure I remember seeing somewhere, that the earning of the top 1% of creators hasn't really been affected. Just more people splitting the long tail.
End of conversation
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