Caveat emptor: this post only contains back-of-the-envelop calculations that are about as valuable as what you paid to read it.
Youtube has a revenue of nearly $1 billion. It also had 97,115,000 unique viewers in April who spends on average 94.4 minutes watching videos. Assuming the same months to months, that’s a total of 1.8 billion hours spent on youtube per year.
This means Youtube is making about 50c per hour per user.
What if the average Youtube user spent those 94.4 minutes per months working at $10/hour instead? $18 billion. Time is way undervalued for an nonrenewable resource.
The numbers for facebook is probably worse (or better depending on your values).
