Patreonomics

I'm utterly baffled, to be honest, about the economic mechanisms at play in Patreon (here's mine, by the way).
The normal mechanisms of the market to achieve equilibrium don't apply; indeed, I don't think there's such a thing as equilibrium when it comes to Patreon.
So here's an analysis of labour when it comes to Patreon, using as case studies two accounts: the funny, brilliant podcast Chapo Trap House and the pseudointellectual right-wing YouTuber Sargon of Akkad.

As of time of writing, Chapo Trap House is making $65,601.00 per month (meaning $787,212.00 per year), which amounts to approximately $15,098.00 per week (the average number of weeks in a month is approx. 4.345, so $65,601.00 ÷ 4.345 = approx. $15,098.00).
The average length of each episode, which I assume is equivalent to the time it takes to record, is 1 hour. I'm only guessing, but I assume the time spent in preparation and pre-production and the time spent in editing and other forms of post-production are 2 hours and 1 hour respectively. 2 episodes are released per week.
Adding up the hours spent in the creation of each episode (4 hours) and multiplying that number by that of episodes released per week, we get 8 hours of labour per week. Dividing the Dry Boys' weekly income by this number yields an hourly wage of $1,887.25.

From this, we may extract a general formula for determining the hourly wages of an audio or video content producer on Patreon:
Let Im = monthly income,
Iw = weekly income,
L = the length in hours of the audio or video product,
P = the hours spent in preparation and pre-production + the hours spent in editing and other forms of post-production,
Q = the number of products released per week,
W = the hours spent in labour per week, and
Ih = the hourly wage of the producer.
To derive W, we must apply the following formula: Q(L + P) = W.
To derive Ih, the following formula works: Iw/W = Ih.
Thus, in expanded form, the formula for the hourly wage of a given audio or video content producer on Patreon is: Im/4.345 = Iw/Q(L + P) = W = Ih.

Now let's apply this to Carl of Swindon Sargon of Akkad. He makes $5,637.00 per month for regurgitating right-wing garbage, which amounts to a rather nice $67,644.00 per year. His average video is approximately half an hour (0.5 hours, for calculation purposes), and I'll guess he spends 1.5 hours in preparation and pre-production, while I'll also guess he spends 1 hour in editing and post-production. He tends to release 3 videos per week.
So let's apply the formula:
$5,637.00/4.345 = $1,297.00 (approx.)/3(0.5 + 2.5) = 9 = $144.11.

Given that Sargon puts more time into production than the Dry Boys, this may cast some doubt on the labour theory of value. But two factors must be taken into consideration before any conclusions may be drawn:
  1. These are estimates, drawn from my own experience podcasting and making videos. As well, the labour involved in the creation of the equipment must be taken into account. Not only that, but the quality and effort put into the creation of Chapo Trap House may be more than that put into Sargon's videos.
  2. Patreon is different from your average market in multiple ways. I can't explain the differences in detail, but they're obvious.
I'd love to see an analysis of this from a Marxian, neo-Ricardian, mutualist, New Classical, or any sort of interesting perspective, but this is what we've got for now.

In conclusion, donate to my Patreon.
Thank you.

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profit made in patreon is transfer profit it transfer wealth but it does not change the total wealth of the economy it works on fees and donations transfers beetwen income but not increase in income without the equal decrease of the income of someone else theregore no wealth is created no real wealth atleast its just transfer profit through transfering income and its unproductive labour since its not labour going to profit in production and the creation of real wealth its labour going to relative prices and trasfers of income and fees and intrest payments that sum to zero marx,adam smith,jame stuart distinguished beetwen profit of production anf productive labour time of which increase in labour time increases total wealth and transfer profit or as marx called it profit on alianation that works just on transfers of income and intrest payment that dont create any real wealth or increase total wealth pure transfer on intrest and fees and changes in wealth by equal reductions and increases are added to zero so pure intrest baring with no connection to productive capital transfers wealth around the economy but it does not change thetotal wealth of the economy only if intrest baring capital being attached to productive capital and therefore profit for production does real wealth increases take place otherwise its all relative prices but austrians and neoclassical thinking profit is just a price and wages and costs being just price so they unempirically think that all profit is the same also you can easily distinguishing realtive prices transfers and transfer profit from prices of production and profit of production and productive and unproductive labour solve the transformation problem showing that its a transfer problem not a transformation of labour to prices problem cuase realtive prices and production prices and natural prices are not the same in classical economics and empirical that holds only if you are a marginalist anwar shaikh does that here http://www.anwarshaikhecon.org/sortable/images/docs/publications/political_economy/1977/1-Marx%27s%20Theory%20of%20Value%20and%20the%20%27transformation%20Problem%27.pdf also your modelling is false as well equillibrium assumptions and deviations from equillibrium are unempirical and largely theoritacal also you assume static time periods to calculate hours and continous labour time and your income calculations are wrong cause you dont use national income accounts or NIPA and you dont distinguish beetwen ''ex-ante'' and ''ex-poste'' in your income calculations you only distinguish pre and post production which is also wrong cause there is only relative prices and transfer profit and transfers of wealth in patreon no creation of new wealth intrest payments and fees are still accounted as transfers here transfes in income and wealth and profit made through the trasfers that sum up to zero with no change in total wealth is not production its unproductive labout and it does not change the total wealth of real economy nor it produces new wealth it just trasfers wealth from the donators to the ones who get the donations and the the patreon that charges fees its wealth transfers with transfer profit not profit from production and not production of new wealth

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Eva Gnostiquette

Eva Gnostiquette
Hi!
My name is Eva Gnostiquette.
I'm a multimedia artist, podcaster, game developer, programmer, and aspiring physicist and neuroscientist. I'm a Gnostic druid.
I enjoy reading, music, and various other things. I write about nerd stuff, spirituality, and conspiracy theories, alongside more mainstream politics and science.
I am also a queer trans girl of Jewish, Welsh, Irish, and Scottish descent with Ehlers-Danlos syndrome, OCD, and PTSD.
Please enjoy my blog!

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