Topic Reading-Vol.2590-5/15/2019

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Topic Reading-Vol.2590-5/15/2019

英語で世界を知ろう!Topic Reading

2019/05/15 Topic Reading-Vol.2590-5/15/2019

Dear MEL Topic Readers,

The golden years of Paparazzi have almost gone

Paparazzi are freelance photographers who take photos of famous or popular people. They could be movie stars, TV hosts, politicians, or any other celebrities whose events or gossips are worth public attention. Paparazzi try to take photos of a private or secretive moment of high-profile people and sell them to media outlets that focus on tabloids and gossip magazines.

Their income is far from steady. You can imagine the chances to get sellable scenes at the right moment. They need a network of informants to tell them if there is a celebrity with someone or in somewhere that he or she doesn’t want to be known. Even if they get photos of such a private moment, the photos may not be priced as much as the time and effort. There is idiosyncratic risk, or inherent risk involved in investing in a specific asset – such as a stock.

Also, their business as a whole fluctuates from time to time, and it is actually in decline. While fewer people are now buying tabloids at newsstands, more sensational photos and videos are being posted online, free of charge. It is systematic risk, like stock market crashes and affects almost everyone onboard.

Are paparazzi the only ones that suffer such business risk? Aren’t robotics, IoT and AI changing the landscape of job opportunities and creations?

Enjoy reading the article and learn about two kinds of risks that could affect any type of jobs.

http://www.bbc.com/capital/story/20190423-how-the-paparazzi-make-their-money

MEL School 三鷹
電話:0422-27-5366
住所 〒181-0013 東京都三鷹市下連雀3-33-13 三鷹第二ビル101
営業時間:電話受付13時~18時 定休日:日曜日

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