TV superstars: how a new technology disrupted the entertainment industry
The rollout of television to virtually every household in the United States in the mid-twentieth century created a potentially huge audience for people working in the entertainment industry. As Felix Koenig explains, this experience illustrates how new technologies can have a disruptive impact on labour markets: a handful of superstars were richly rewarded, but the majority of entertainers ended up worse off.
2 March 2020 Paper Number CEPCP574
This CentrePiece article is published under the centre's Labour markets programme.