Recently the National Endowment for the Arts release a report on employment and the Arts and needs to be the wakeup call to banks, economic development offices and venture capital.
As someone that clearly working in the capitalization of music we hear ourselves and from our partners that funders would rather fund an app that steals IP your music than actually investing in it.
I've already blogged about compensation for workers in these type of jobs, which accoridng Berklee.edu "we are not only talking about more than comparable wages on averge paying 27k"
So now that we know we have a lot of people wanting to be in this industry and we have great paying jobs in it. What are we waiting for USA?
Lets invest in our Arts economy and makes some jobs people want for products that the world would enjoy us exporting.
The Music Capitalist
Here the link http://arts.gov/news/2014/national-endowment-arts-announces-new-research-arts-employment
The big picture - In 2013, 2.1 million workers held primary positions as artists. A primary job is defined as one at which the greatest number of hours were worked. In that same year, an estimated 271,000 workers also held second jobs as artists. Twelve percent of all artist jobs in 2013 were secondary employment.
Unemployment trends - For primary artists, the unemployment rate was 7.1 percent in 2013, compared to 6.6 percent of all U.S. civilian workers, but higher than the 3.6 rate for all professionals (artists are grouped in the professional category). This is an improvement over the 9 percent jobless rates in 2009 and 2010, but well above the pre-recession unemployment rate of 3.6 percent in 2006. Architects and designers were among the hardest hit occupations. While both have halved the 10-11 percent unemployment rates they faced in 2009, neither is back to pre-recession employment rates of 1-3 percent. By contrast, musicians have faced a steady unemployment rate of 8-9 percent since 2009, much higher than the 4.8 percent jobless rate in 2006.
The entrepreneurial spirit - In 2013, 61 percent of artists with a second job were self-employed, compared to the 35 percent of primary, self-employed artists, and 10 percent of all U.S. workers.