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Emerging Artists: No Room to Grow

This article is imnportant becuase it explores the negative impact of a red hot real estate market. Creativity is an important factor in the economy of this city, and while I wouldn't say that more regulation is the answer - but something should be done to make sure creative people can afford to live here:

Emerging Artists: No Room to Grow

New York's preeminence as a creative capital could soon be in jeopardy, as emerging artists—an essential component of the city’s cultural sector—are being priced out of the city.

According to a recent Freelancer's Union report, the city's creative sector—comprised of artists, photographers, designers, composers and writers—is facing increasing economic uncertainty related to a lack of stable employment. Over 40 percent report making less than $35,000 last year, half have little to no personal savings, and over a third lack proper health insurance. Ninety percent cited "unstable income" as the major disadvantage of their chosen profession.

All these factors, the study suggests, means that the city’s creative class—including its emerging artists—may leave New York in favor of cities with a "lower cost of living and developing creative centers."


This page contains a single entry from the blog posted on April 18, 2006 5:30 PM.

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