With the state of job scarcity it’s easy to forget just how lucky we are as musicians. The music industry is one of the most coveted jobs in America. In fact, musicians are the highest paid occupations on the planet.
The music industry is one of the most lucrative occupations in the world. The average salary for a musician in the United States is over $150,000, and more than half of all musicians work for major studios. There are over a dozen companies that have more than 150,000 employees and almost all of them have their headquarters in the United States.
Of course because there are so many people in the music industry, the pay is great, and the hours are long. But there are also a lot of other benefits that make it an appealing career. For example, musicians receive health insurance and long-term disability benefits, and their bosses get to be paid for every play they make for a full year. Also, there are a lot of perks that make it a great job for many people.
In the beginning of his career, most musicians don’t have a lot of options for career advancement. They may not be able to get hired by a big record label or be hired by the head of an independent record label because they don’t play in many other bands. Also, if they play in a band, they’re not really considered a professional musician.
The problem is that musicians dont have much power in the music industry. There are hundreds of people that can play something, but they have little influence on what the top musicians are doing. Thats why theyre called “mushroom musicians.” Musicians with no power get paid less, and musicians with power get paid more.
Musicians that play in bands with many other musicians can make a lot of money. But those other musicians are musicians that are also playing a lot of other musicians. Some of those musicians are paid more, some more than others. But that doesnt matter. Musicians without power get paid less, and musicians with power get paid more. So the problem is that the music industry is a business, and the way to make money is by having musicians play in bands with other musicians.
So the solution is really simple: make a business that lets the musician make a living, and dont make a business that lets musicians make a lot of money, and dont make a business that lets a musician play in bands with other musicians.
I am not saying that musicians should stop making a living, because I don’t think they should. I’m saying only that it doesnt matter if the musician makes a living, and if they dont, then its just the musicians who shouldnt be making a living. Because in a business, you dont have to make a living, you just need to have a product that people want.
A few years back, I interviewed the CEO of a well-known record label and he was talking about how he used to make a lot of money from his band and how he wanted to start a record label and make more than he was making as a band. I asked him if he even has a band now and he said no. I asked him if he was on drugs and he said no. I asked him if he was getting laid off and he said no.
That last bit is what I was getting at with my last paragraph. You’d think the person who made a living from a product would be the best person to make the product. Instead there’s probably not a living wage made from making music.