Study shows correlation between household income and professional creativity

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Study shows correlation between household income and professional creativityParis Hilton DJ

It’s no secret that liberal arts colleges across the U.S. are riddled with rich kids—often of a particular racial variety that tends to outnumber people of color. Self-evident as it may seem that trust-fund youth are less plagued by the fiscal risk inherent in majoring in poetry (or God forbid, DJing), a new study highlights the positive correlation between a wealthier background and an individual’s likelihood of pursuing an artistic profession.

The study, the result of economics professor, Karol Jan Borowiecki’s poring over more than 150 years’ worth of census data, shows those raised in high-income households are about twice as likely to take up creative ventures than their counterparts from low-income families with annual earnings of half the size, with the rate of likelihood increasing about 2 percent with every $10,000 annual increment. Essentially, a combined household income of $100,000 makes one twice as likely to become an artist than that of an individual who comes from a combined household income of $50,000. The findings are quite intuitive actually, considering the thorny stipulations of a full-time creative endeavor are often smoothed by the promise of a parental insurance policy, should life as an experimental film score engineer go up in flames down the line.

Also low in shock value is the study’s finding that creative professionals, on average, bank considerably less per year than their non-creative peers. This fact, accompanied by the chronic time constraints of creative careers, undoubtedly contributes to Borowiecki’s report that artists tend to have smaller families, by about one less member on average. So, artists are considerably more likely to not get married and/or have fewer or no kids.

However, perhaps more revelatory is Borowiecki’s discovery that women are 18 percent more likely to take up creative professions than men, with the former’s demographic dominion in the artistic space spanning all the way back to 1890.

The gap between white and non-white creative professionals is slowly, but steadily, narrowing, the data shows. It’s important to note, though, the study’s citing of the probable under-representation of non-whites categorized as artists by U.S. census officials, especially in earlier years. The music industry, according to the findings, has the highest presence of non-white individuals: a resounding no sh*t notion when considering the seemingly interminable length of musical genres (jazz, funk, blues) devised and pioneered by black artists, in particular.

It seems making it big on the Billboard charts isn’t just about who you know; it’s about how much your parents put away. Some are born with talent, some simply with the right resources.

H/T: Highsnobiety

Report: Calvin Harris earns an average job’s annual salary in as little as three hours

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Forbes2017 report outlined the world’s 100 top-grossing celebrities, who collectively raked in $5.15 billion. Although various artists appeared at the very top of the list—Diddy notably occupied the #1 slot with $130 million—electronic artists too enjoyed representation on the list of the highest-paid personalities, with Calvin Harris then emerging as the highest earning DJ, boasting an income of $48.5 million. Tiësto and The Chainsmokers followed Harris with $39 million and $38 million, respectively.

In January 2018, Oxfam International released its annual inequality report, indicating that “In the US, it takes slightly over one working day for a CEO to earn what an ordinary worker makes in a year.” This claim would be the impetus for Magnetic Magazine to examine the income differentials between the world’s “top musicians and ordinary job workers.”

Magnetic enumerated the median annual salaries of five common jobs: truck drivers ($41,340/yr), elementary school teachers ($59,020/yr), registered nurses ($68,450/yr), real estate brokers ($79,340/yr), and software developers ($100,080/yr). Magnetic set out to determine “how long it would take the world’s best-paid musicians to earn annual salaries in these jobs,” and the mag’s findings, reflected in Magnetic’s infographic, prove astonishing.

Photo Credit: Magnetic Magazine

It would take Harris a little over seven hours to accumulate what a truck driver makes in a year, slightly over ten-hours to collect a teacher’s yearly salary, and just over 12 hours to match the yearly pay of a registered nurse.

Tiësto would garner a truck driver’s yearly salary in nine hours and 17 minutes, a teacher’s in 13 hours and 15 minutes, and a nurses’s in 15 hours and 22 minutes. Hardly far behind, The Chainsmokers would follow suit in nine hours and 32 minutes, 13 hours and 36 minutes, and 15 hours and 48 minutes, when it came to earning the equivalent of a truck driver, teacher, and nurse’s salary, individually, leaving presumably all readers of Magnetic’s report with one question: is it too late to learn how to DJ?

H/T: Magnetic Magazine