The point here isn?t that piracy by American consumers is somehow completely independent from output or employment rates in the content industries?though, again, that?s not at all the same thing as the overall U.S. employment rate. Obviously, at some level it has to have some effect. But the link is, to use the technical economic term, weirder than in many other sectors of the economy.
Internet Regulation & the Economics of Piracy | Cato @ Liberty?- stellar piece on piracy, content economics and audience behaviour.?