Hobbyists enjoy the process of making a thing without necessarily aspiring to sell it. A hobby guitarist can be heard at their home, and that’s it. An indie guitarist, though, can be heard on YouTube – along with a million other indie guitarists. Any creative or artistic outlet, when coupled with the internet, creates an astronomically large supply – usually higher than any market could support.

This issue arises with all forms of art. Even when parents see their children excel creatively, they’re of course proud, but often become wary. Your tuba playing sure is nice kid, but how about you keep your grades up so you can get a real job one day? Sure, it’s kind of awful to discourage a kid from their wild dream of being a professional tubist, but you know what? They’re gonna have a bad time. The cliché knows best: artists starve.

–Allen Pike on supply-side blues.