You can't compare making music and movies.

A talented person can make groundbreaking music using only a guitar or a piano. With a mac, a microphone, a midi-keyboard and enough skill, one person can produce professional level recordings. Technology is not the limiting factor, it has been available for decades.

Movies are different - they require so many more specialized skills and resources. You need actors, sets, lighting, music, sound design, costume design, a script etc. It is great the technology becomes more affordable, but putting your neighbor into a motion-capture suit will not make him a great actor and having Final Cut available on a mac will not make you into a talented movie editor.

Just compare the number of credits on you favorite piece of music compared to you favorite movie.

There wasn’t more slack time in the 90s, but there wasn’t time wasted on social media either.

Young people need to work a lot more hours to pay rent now and whether it is because sharing places is less popular or not, there are far less places to rent for groups. There are now far more 1 or 2 bedroom apartments and many larger houses have been divided. Practice spaces and studio spaces are also much, much more difficult to come by. In city after city, what used to be dirt cheap warehouses are now pricey condos and fancy apartments.

As creative tools evolve (Instagram -> TikTok, Minecraft -> Roblox / VRChat marketplaces, Kickstarter -> Patreon subscriptions and communities, Twitch ...), there may be a wealth of new opportunities for young people to start making money being creative.

There wasn't an easy way to build content and find an audience. Now there's an ever increasing opportunity.

I think we're early in this game and only getting our first look at what's to come.