the economical effects of the entertainment industry
The entertainment industry is a relatively new career path. Certainly in how much those in it are getting paid. Sports, movies, television, music, all of these people make millions upon millions of dollars. I’m afraid that this trend will result in a super-class. Overtime, with more and more people entering the super-class, and with following generations of the super-class not leaving that status, their numbers grow exponentially.
it’s hard to gauge the effects, since we’re really only in the second generation of the super-class. People like liv tyler, jakob dylan, lisa marie presley, charlie sheen, and many others, are actually being re-introduced to the super-class through their own efforts, locking in their family tree for many generations to come. For a very comfortable living, for life, one would simply need to live off the interest of let’s say 80 million dollars, at 5% interest, that $400,000 a year. That’s assuming it stops at 80 million, forgetting the possibility of investments, royalties, and even supplemented income from working a day in your life.
this worries me for a few reasons.
1. it’s going to create a major schism between the social norms that exist today. Granted these schisms are already present, but not on the scale at which the people that profit from the entertainment industry is growing. It will effectively reduce middle class to low class, and I fear that low class will be supressed out of existence.
2. It will create a society that is even more driven by entertainment, commericialism, materialism, and vanity beyond comprehension. This will be basically driven by the number of people that can afford these luxuries are increasing, and the amount of money they have to spend on these areas is also increasing with every bat they swing, every movie they make, and even song they lip-sync to.
3. I think we’ll see a rise in alcoholism, drug-addiction, depression, and suicide. As the economic norm changes to include the super-class, so will the behavioral norms change to match those of the new class.2,313 views