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The Writers Guild of America is on strike because everyone in Hollywood is unhappy. Nobody is making enough money or getting hired for long enough stretches. Complaints appear fairly universal as well, from showrunners and producers all the way down to the newest hire. In fact the only thing that doesn’t appear to be running a shortage is blame.

I know the complexity of trying to collectively bargain such an enormous industry means that any deal struck, even if it starts out relatively efficient, will be a bad deal for someone within 3-5 years. That’s just the nature of things when you’re trying to forecast both technology and the shape of multiple labor markets. It’s an impossible task. That said, I think we can boil down a lot of what has gone to hell to a single problem. Streaming is currently the dominant platform and streaming studios don’t pa

Of course streaming services aren’t the totality of the television and movie business, but they are sufficiently dominant that the lack of points, and the problems downstream of it, have fundamentally altered both the labor market and the incentives facing the people creating entertainment. Writers, directors, producers, and even some of the bigger actors have routinely accepted a percentage share (i.e. percentage points , get it?) of the profits of an enterprise as a portion of their compensation. Blumhous

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