Illinois passes legislation to protect child social media influencers, ensuring fair compensation. The podcast also discusses the shortage of ADHD drugs in the U.S. and the limits of autocratic economies. Ticketmaster's new revenue strategy and the rise of 'listening seats' in concerts are also explored.
Illinois has passed legislation to protect child social media influencers, requiring earnings to be put into a trust for the child.
Shortage of ADHD medications in the US causing concern, with supply chain issues and regulations contributing to the problem.
Deep dives
Illinois passes law to protect child social media influencers
Illinois has become the first state in the US to pass legislation to protect child social media influencers. The law requires parents who make money off kids' vlogs and online content to put a percentage of those earnings into a trust for the child. Failure to comply can result in legal action. This law could serve as a model for other states to follow.
Shortage of ADHD medications raises concerns
The shortage of medications for ADHD, such as Adderall and Ritalin, is causing worry among patients and doctors. Demand for these medications has increased, but supply chain issues and control substance regulations have contributed to the shortage. The FDA and the DEA have urged drug manufacturers to increase production. The shortage is particularly concerning for parents of children with ADHD as it can lead to behavioral changes, anxiety, and academic underperformance.
Authoritarian leaders hinder economic success
There is evidence that authoritarian or autocratic countries like Russia and China are struggling economically compared to democracies. Strongmen leaders at the top of these systems make unilateral decisions that can negatively impact economies. Autocratic governments often pressure central banks to maintain money printing for growth, leading to inflation and poverty in populations. The weaknesses of state-led capitalism are becoming evident, highlighting the advantages of democratic systems in economic performance.
The big picture: Most social media platforms don't allow children to have an account until they are 13. But, TikTok, YouTube and Instagram are flooded with pages, run by adults, gaining income by using young kids in their content. We take a look at how Illinois' law could change things around the country.