Ave wage of US worker 27k. The average working musicians is way better.

According to berklee.edu nice chart over here we can see that we are not only talking about more than comparable wages ~working with the Music in the equation.

The VALUE doesn't stop here, since presumably these endeavors are producing some kind of output in the biz sometimes music is Magic or not so much;   However! each time it's Intellectual Property and the mere act of is (if you've been reading by blog) just raised the whole GPD of the USA by upwards of 3 percent.


So, as the demand for American music is growing (Ad Hoc - since music is something that everyone on the planet and perhaps others experience. Ergo Hoc  in case you didn't know it there are more customers every day.  Proctor Hoc more people to make more music. DUH [homersimpson voice])

I'm not sure why I would have to pitch USMADEMUSIC to US leadership however I do and under the current Administration we are on track to become a NET Importer of Music into the USA.   Again, let me let this sink in we will have more CD's shipped into the USA then we ship out.

HOW IS IT POSSIBLE TO HAVE THE BIGGEST RECORDING STARS and we're becoming a net IMPORTER come back for that blog too.  

So while I'm sure all the tech incubator are full on powerpoint and fluff blogs the WORLD revolves around music and thanks to our lack of leadership USMADEMUSIC is only 10 percent of it.   Again let this SINK in.

IMHO more music is needed here and around the world we do nothing to support meeting this demand. And, all of the jobs and educational investment to day has gotten us this.

The "raw" average wage, computed as net compensation divided by the number of wage earners, is $6,529,097,960,690.75 divided by 153,632,290, or $42,498.21. Based on data in the table below, about 67.1 percent of wage earners had net compensation less than or equal to the $42,498.21 raw average wage. By definition, 50 percent of wage earners had net compensation less than or equal to the median wage, which is estimated to be $27,519.10 for 2012.  http://www.ssa.gov/cgi-bin/netcomp.cgi?year=2012

Again, Leaders are pouring money hand over fist into Job training however it doesn't include  STEAM. Proof is in the budget that Washington and your home towns put out and there's very little is for the Arts.  I've blogged about this...see here;  However, I'ma gonna do another one on it because there is more so... come back for that blog too.  

I'd love to hear from someone in the US as to why we're not beating drums and talking about building upon USMADEMUSIC. Since  the average wage is better and it comes with groupies (that go out and spend money.  I know we can do better, we deserve better and frankly the world needs USMADEMUSIC.

THINK about this Amerika it will keep to the politicians out of defining who we are as a nation overseas and that mostly tasseless and valueless Major Record Label music (aka part of a Multinational Corporation ) ya know they've haliburtonized the US Record Biz!

Let's face I'd rater have Doyle Wolf Gang Von FrankenStein then Joe WolfGang Biden reppin me in China. come back for that blog too 

Music increases US GDP and some still debating if it's a viable industry?

Gotta give a huge shout out to Glenn Peoples and  +Billboard for putting out this article about something that I've been saying for years.  Music has value. 

To me music has always been the why not the how.  Something along the lines being the medium.. well without the intent to communicate there is no need for a medium.  And! it now seems that the  U.S. Bureau of Economic Analysis (BEA) agrees with me on this and decided to give the US Gross Domestic Product a 3% boost and a HUGE win for those of us in the music world. 


Or in Glenn's words 

"TAKEAWAY: The music industry has always punched above it's weight in profile, but didn't always have the influence that matters. this GDP shift could help fix that disconnect. 

According to Bloomberg's Peter Coy   this rise of the Intangible economy is for real and a couple of quotes from his article got my attention: 

"The effect of the revision will be immediate. Measured GDP will get a one-time boost of about 2.7 percent when the government starts counting R&D and artistic creation as investments. (New Mexico and Maryland will get the biggest lifts.) The future growth rate will probably be fractionally higher, too. With R&D treated as an investment, measured economic growth from 1959 to 2007 would have been 3.39 percent annually instead of 3.32 percent, the BEA estimates." 

 "If all forms of intangible investment were officially recorded, they would exceed investment in bricks, mortar, and machines, according to estimates by economists Carol Corrado of the Conference Board and Charles Hulten of the University of Maryland."   Link 

The Rise of the Intangible Economy: U.S. GDP Counts R&D, Artistic Creation

It also seems that the Secretary Pritzker, from the Commerce Department is getting in on the act too by touring Music making facility and promoting USMADEMUSIC  on the Sec's blog.  which also points this fact out. 
"In fact, entertainment, literary and artistic originals contributed $74 billion to the U.S. economy last year, according to the Department of Commerce’s Bureau of Economic Analysis."








So will these new “intellectual property products.” ( which is a now how cost of new music and other artistic endeavors are to be categorized) bring in the investors that are seeking sustainable returns like the double digits one I' recently blogged about as well as those that want to be part of something more. IMHO music has always been more than most of us can put a handle on and this new way of our economist looking at it helps others start to see the more too.

Terrance and I Capital Hill~ Grammy On the Hill 2013

  

Music capitalist to the rescue with blogs.

So I have to ask what does it means to local, national and world cultures and economies to be so naive about the nature and scope of Music on one hand! And, on the other be so totally immersed in it that music is beyond our imagination to live without.  Try thinking about not having music in your life without coming up with a Soundtrack 12 I dare ya.

Yet! here we are today and it's this state we are in that has lead to the blog, domain and personal moniker.  Music Capitalist.    I'll talk about my journey over the last 25 years and well into the future of the New Music Business and why it's important to all of us.

I'd like to start with something I was recently part of called Grammys on the Hill. At the start we where treated to a speech by the Librarian of Congress, Dr. James H. Billington about the impact of music and I'm going to do my best to get a copy of it and post it here.  Trust me it was inspirational.

This was followed up by the Recording Academy's launching of a campaigned called  "American Music: Creation is Innovation" to help educate lawmakers on the impact that music has on our economy and what can be done in the us to help us revive our economy, culture and moxie. I quote from the announcement to then shine a light on the state of tech and that of entertainment.

"Innovation" is a popular Word in Washington these days. Everyone from Congress to the White House is eager to embrace innovation as the key to our nation's economic growth and prosperity, and every industry trade association is ready to claim that they have cornered the market on it. But We know that real innovation springs from creativity, and American music is our finest expression of that creativity. So sure we're  staring to see the tide slowing on the abandonment of US Made Music just take this quote from a Commerce Site.

Future industry growth is likely to be among companies outside the soon to be big three worldwide record companies – Universal Music Group, Sony Music Entertainment, and Warner Music Group as the U.S. has a robust indie sector.  The indies struggle to export and prevent illegal file sharing and often rely on partnerships with the largest labels in global markets. US Commerce Department 

I  love however how it states the opportunity and impediments of promoting #USMADEMUSIC. Namely the lack of exporting.   This is something that I've been following for decades and have watched the US go from producing 80 percent of the World Music to now being on track to be a net importer of music and only supplying 12 percent to the rest of the growing world market.

So while the UK see's increase in music buying as does Germany too and I have to ask is this really a surprise and if we don't invest in US Made Music and work to export it how can the world consume it. 

Considering the recent bid for Universal Music Group and the Spurring of the offer to Sony to spin off it's entertainment division shows everyone that there is still a lot of life left in entertainment -- particularly music.

Recently I was very pleased to see  Ed Christman pointing out in Billboard article called "A New Day for Indie Distribution"  about the role of non Major distributors in which companies like ours Altavoz (mentioned in the article) are poised to make a difference in the music business.

BTW I have a couple of statements that I use and I would love to be able to put them to bed before sunsetting this blog.  The first is... We're entertaining our Economy to Death and Stopping the Haliburtonization of the US Entertainment Industry both of which we'll discuss here on Music Capitalist blog.

Also as a student of music and the business of it I'll be talking about where what and how things came about from the secret letter that changed the Rap game to how Mega Multi-Nationals are laughing all the way to the off shore banks and how come OWS never got bigger hopefully these subject and of course how to make money in music which is what I do is something that others can asprise to do as well.

PS Heck out this picture it's how we role Indie on the Hill with Big Heff and Bella Nae

For your ears ~ No Tears, video by Bella Nae https://www.youtube.com/watch?v=67TziksmoUU