The Economics of Twitch

I know twitch as a website where you watch people playing video games. How is it worth $100 million to watch a guy do this? I find this demotivating with regard to studying hard to get a STEM degree. The Kardasians will inherit the Earth.

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We should have just stopped with I Love Lucy?

Damned box TV

:rofl: :rofl: :rofl:

If you have 100,000 people, 10 of them will become youtube stars or gaming stars or whatever stars and earn a ton of money. 99,990 of them will earn zero to negative amounts (they will pay for fancy video/audio equipment, and pay for consultants, etc).

If you have 100,000 people, and they get a STEM degree, 95,000 of them will earn a decent living. 4,990 will earn a mediocre living. And 10 will earn zero.

And that is the big difference.

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That was true in the past. Going forward, how much engineering and computer programming will be done by AI? Or by an engineer in India or Pakistan at 25% of US cost? Maybe only a very few superstar engineers are employable in this new world.

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