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Saving a bad economy
(2 min read) Employment and wages in America are much worse than government data suggests. How does the Creator Economy fit in?
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Do you feel like life got harder over the last few years - even though government statistics painted a rosy picture of low unemployment and slowing inflation?
Well, you are right, and I’ll show you the numbers that prove it:
An analysis by a former U.S. Comptroller finally confirms what everyone who isn’t a bazillionaire or a politician already knows:
If you filter [unemployment] to include as unemployed people who can’t find anything but part-time work or who make a poverty wage (roughly $25,000), the percentage is actually 23.7 percent. In other words, nearly one of every four workers is functionally unemployed in America today…
What’s more:
…those keeping track are led to believe that the median wage in the U.S. stands at roughly $61,900. But if you track everyone in the workforce — that is, if you include part-time workers and unemployed job seekers — the results are remarkably different. Our research reveals that the median wage is actually little more than $52,300 per year.
Employment has always been seen as a de-risking move, the perception being that if you get a good job, you get healthcare and a wage that will let you live a decent life.
Not anymore.
The disillusioning of this promise - and the rage I feel as a result - is why I started Creator Logic.
When I got laid off for the second time, there weren’t readily available new jobs with similar salaries. I’d have to take a big cut, and go work at another company that would probably eventually fire me to replace me with an “AI agent”.
F*ck that.
I was able to pay the bills because writing for fun (and as post-layoff therapy) on LinkedIn led to a small following that brought me:
Well-paying consulting clients
Fulfilling peer relationships
Freedom and hope for the future
It felt so good that last year, I turned down a job with a $500k salary because I realized I’d rather take my destiny into my own hands.
I’ve put my money - and my ability to provide for my family - where my mouth is.
Now, if you prefer to have a job, there’s absolutely no shame in that. My wife is the same - she was an entrepreneur once, and once was enough. We’re fortunate that she loves her work, her team, and her boss…but given that most of corporate America is no longer supporting its employees with meaningful wages, and decently-paid job opportunities are so scarce that a quarter of the workforce is functionally unemployed, it’s critical that even employed people figure out how to augment their incomes.
That sucks. It’s not fair.
It’s also just the way it is (for now, hopefully).
If you spend time messing around on social media - shooting videos, writing articles, taking pictures, or doing any other form of content creation - there are at least 16 ways you could be turning that time into income.
You don’t need a huge audience to earn great money.
I know this for a fact - I’ve met dozens of Creators who embody this ideal, and I myself am one.
Today, I believe this Creator Economy we’re part of is the single brightest star of hope for regular people to make money and build the lives that we want.
That’s why I’m here, writing this newsletter every week.
It’s also why I launched The $100k Creators Club community for Creators looking to build new revenue streams - check out the new FAQ about it here.
My question for you is - why are you here?
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Written by Avi Gandhi, edited by Melody Song,
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