Pay us like you owe us for all the years that you hoed us
Jay is accusing record executives of treating rappers like hoes (except that the pimps at least have the decency to pay their prostitutes something)
Not good pimps, ala Goldie from The Mack: “All bitches are the same, just like my hoes I keep'em broke. Wake up one morning with some money they’re subject to go crazy. You know I keep em looking pretty and all that but no dough.”
Alternately “for all the years that you hold us” keep artist bound to lengthy contracts in order to profit from their popularity.
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