
You may have noticed that very few people are buying CDs these days. If you're like me, you buy most of your music online in 2010. We've read a lot about how this change from physical to digital music distribution has been rocky – to say the least – for music labels. Less clear, less documented, and less discussed is how this shift has affected musicians.
It's an opportunity for them to cut out the middleman and earn more profits independently, right? Not so fast.
The fascinating David McCandless, author of
Information Is Beautiful, did some research and made
this beautiful diagram showing how many units a musician needs to sell through various channels to
merely make US minimum wage every month. Folks, the picture isn't pretty for our beloved musicians. If you look at this, it seems that labels are doing
very well in the digital era, earning
three times as much per album than they did in the CD era. Musicians on the other hand seem to have gotten little or no benefit from the shift, and in some ways may be doing worse.