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How Internet Behemoths Are Keeping Millennials Poor

How Internet Behemoths Are Keeping Millennials Poor

Have you ever stopped to think that it’s insane how much time, attention, and content we share on the Internet while we get essentially nothing back except maybe that vague notion of “exposure”? Oh yes, the things we do for exposure…

The sad thing about exposure is that it doesn’t feed you, not unless you have a lot of it, and even then only maybe. Over on YouTube, only about 3% of content creators make enough to pass the poverty line. All the while, Facebook and Google jointly accounted for 73% of all online advertising revenue in 2017. Say hello to the world in which most millennials will never own homes, or be able to afford to put their kids through college. Say hello to the world in which your personal data is used to create wealth for the top 1%.

We’re so used to thinking about the “content” that we create in rigid terms that most people don’t even realize that their selfies are the least valuable asset. As it stands, we create an obscene amount of data that gets repackaged and then sold to companies. These same companies then have the guts to complain that “millennials are killing the diamond industry.” Seriously, get bent.

Farley Katz via New Yorker

Here’s a thought: why are the same incentives that drive human behavior in the “real world” not applied on the Internet to solve the multitude of problems that have been plaguing the “online world”? Of these problems, the chief one is the lack of compensation, followed by privacy scandals, copyright violations, fake news, and fake traffic— all of which we have grown quite accustomed to hearing about, especially if one frequents a particular bird-branded microblogging site.

On its face, this seems like a fairly simple question. The answer, however, is truly multifaceted and can take us through barren lands of cross-disciplinary territories where food is scarce and, most of the time, water needs to be squeezed out of a ca...

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