Alternative to Feds “Strong Labor” view: Everyone’s a YouTuber now

I thought it was a little odd that somehow there is such a steep lack of labor mentioned by the fed and the news cycles. I do see how the pandemic got many boomers to retire and some that passed away or where left with health issues. But still doesn’t seem it accounted for that much imo.

But I did notice a lot of newer and better YouTube channels on my small market so it got me thinking that what if the pandemic drove so many low wage workers into the internet economy and made enough money through YouTube and other platforms that even if it’s not a full time wage or as good as prior jobs, it’s still preferable than working at Taco Bell or low level clerk etc.

It’s just a random thought and found some stats from 2017 where it mentions 17 million people in the us earned income from the creator economy while 12 million where from manufacturing. In 2017 content creators earned $4 billion, 20% increase from 2016. Now imagine during and after the pandemic.

Currently the fed is trying to kill demand, raising rates to basically get more workers fired so that way inflation goes down. More available workers means companies can lower salaries and in turn prices get lowered.

Could it be that the fed maybe is not aware of this creator economy situation and just going over familiar patterns of “strong labor=raise rates” when maybe some Simple goverment regulation would send millions of workers to regular job? Or at least it’s a combination of things but the creator economy is just one that’s not being viewed seriously.

Well, it’s my random thought. So many news articles point to many things I just wanted to have a discussion about something more original and odd. Maybe it’s wrong.

Here is the stats I mentioned above. I couldn’t find from past 2020. I’m sure many YouTubers don’t earn as much but a significant chunk might after 2020.

https://www.statista.com/chart/amp/17114/online-content-creation-earnings/