Take patio11's advice and go into B2B, you'll make money hand over fist with much more manageable working hours.
Not everyone in the industry is scum, though it's certainly not uncommon.
I know several people working quite happily at gaming companies (doing, from what I can see, some pretty cool stuff), and those game companies who are the most abusive generally have well-known reputations as such.
I suppose it might not be the best industry to go into straight out of college, when you have little leverage and lack industry smarts...
That means that there is a much more abundant supply of labour and that the demand side is exploiting this by offering lower wages, worse working environment, crazier hours etc.
The main difference between fashion, music and art is that the discrepancy is much more poignant in the games industry because there's an abundant supply of well-paying cushy jobs just around the corner which involve almost the exact same skill-set to compare against.
Also > (with all that tracing going on...)
:D