Isn't that mostly how Silicon Valley works too? Software developers like content creators are generally compensated well enough to live an upper middle class lifestyle, but their compensation doesn't necessarily match the value they create. Instead much of the value is captured by VC or production companies.
It's not just that. Society is still catching up to the ramifications of the additional value extracted by social media and tech media companies. People can't deny that automotive technology made much of the US population dependent in their daily lives on cars. (Whether this is a good or a bad thing is besides the point for this discussion. Probably bad in many ways, good in a few.) This gave the auto makers a certain responsibility for meeting minimum levels of safety, reliability, and environmental friendliness. Society eventually caught up to the implications of automotive technology, and this was reflected in laws codifying that social responsibility.
This is because those companies are the ones who bare the largest percentage of the risk. If a project completely falls flat on its face, software developers and writers, actors, directors, etc still collect their paycheck. It is the VC and production company that lose money.
Then it is also the "production company" which should bear the social responsibility for their impact on the media landscape and social discourse. As was the case for the appearance of laws and regulations covering the activities of the automotive industry, as that industry had ever greater impact upon the general public's life, so too is the case for social media tech companies.
If they reap the rewards, then they should take on the social responsibility.
It's not just that. Society is still catching up to the ramifications of the additional value extracted by social media and tech media companies. People can't deny that automotive technology made much of the US population dependent in their daily lives on cars. (Whether this is a good or a bad thing is besides the point for this discussion. Probably bad in many ways, good in a few.) This gave the auto makers a certain responsibility for meeting minimum levels of safety, reliability, and environmental friendliness. Society eventually caught up to the implications of automotive technology, and this was reflected in laws codifying that social responsibility.
This is because those companies are the ones who bare the largest percentage of the risk. If a project completely falls flat on its face, software developers and writers, actors, directors, etc still collect their paycheck. It is the VC and production company that lose money.
Then it is also the "production company" which should bear the social responsibility for their impact on the media landscape and social discourse. As was the case for the appearance of laws and regulations covering the activities of the automotive industry, as that industry had ever greater impact upon the general public's life, so too is the case for social media tech companies.
If they reap the rewards, then they should take on the social responsibility.