When you add more cooks to the kitchen. How does spreading the meager supplies out more equal a better product? I think anypaycheck received in the gaming community should be a percentage. Do well and get pay raise or the ability to take on more partners. Productivity pay. Hell I'd drive an RV to work and rename the house my vaction home.
Getting a percentage requires ownership of the business. That's what a partnership structure is all about. Think about the implications of what you're suggesting: why would owners hand out percentages to hirelings who never invested substantial money and thus have nothing on the line?
When a gaming company suffers losses, how many hired programmers would be capable of covering the losses based on their percentage ownership? How many do you think would
want to do that, risking that a bad quarter means no income for the next half a year, instead of the relative safety of steady income? Most people, not just programmers, don't have the mindset to want to own where they work, never mind the means when just starting out. Even if most people could make the relatively large investment to become a partner, they'd sooner take a regular paycheck with the risk of layoffs. Looking for a new job isn't the end of the world for most people, but a failed business can be devastating.