The Creator Economy Is a Pyramid Scheme for Most Creators
Mike Smith
Spicy Level
The Take
The top 1% of creators make millions. The next 9% make a living. The bottom 90% make nothing while spending time and money on courses from the top 1% about how to be in the top 1%.
+Why I'm Right
Revenue distribution in creator economy follows extreme power law
Most 'how to become a creator' content is made by people whose product IS 'how to become a creator'
Platform algorithm changes can destroy a creator's income overnight
The advice 'just be consistent and authentic' ignores the structural economics
?The Counter-Argument
“The creator economy provides optionality and skill development even for those who don't make it big. And the barriers to entry are near-zero, so the downside is limited. It's not a pyramid scheme — it's a competitive market.”
Agree? Disagree? Tell me.
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