The Death of the Middle-Class Musician

> I heard one answer more than any other: the government should introduce universal basic income. This would indeed afford artists the security to create art, but it’s also extremely fanciful.

Until we start viewing "fanciful" ideas as realistic, our problems will persist. This article is another in the long series of observations of seemingly distinct problems which are actually facets of a larger problem, namely that overall economic inequality is way too high. It's not just that musicians, or actors, or grocery store baggers, or taxi drivers, or whatever, can't make a living, it's that the set of things you can do to make a living is narrowing more and more. Broad-based solutions like basic income, wealth taxes, breaking up large market players, etc., will do far more for us than attempting piecemeal tweaks to this or that industry.

If you want to talk about the root of problems, it comes down to preferences. Income inequality in musicians? People prefer some musicians and songs over others. UBI and taxation isn't going to meaningfully change the income inequality between the median and top earners in entertainment fields due to social dynamics. Guess what the primary driver of the housing shortage is? Preference for larger homes and "better" locations. There are enough housing units nationally, but their distribution and charateristics don't match the preferences. You might be thinking about NIMBY, but guess what that is? The preferences of the people already there. Solutions like UBI or just building more skip a logical step of evaluating the true underlying causes and presume them instead. To solve a problem we must first understand it.

Any reference that you can point to on the housing shortage being due to preference?

It seems like job location, compensation, average cost of living, and commute would play a fairly large role.

Exactly. Those are preferences.

You can get a decent, 3 bed, 2 bath house for 100k. Just move to some place like Tucumcari, NM. Why not? Oh...right...the same reasons no one else moves to places like that...

Preferences don’t explain why we aren’t building housing where people want to live. Mid rise buildings don’t need to be particularly expensive per square foot. ~11 million for a 50 unit building is 220k / apartment not 100k cheap but way better than what you see near most cites people want to live in. 2 to 3x housing density requires extra transportation infrastructure but it also means being able to support such infrastructure.

Instead walk around most expensive city’s and you see single family dwellings /row houses in sight of high rises / skyscrapers. That’s not economic efficiency that’s people who can afford high housing prices likening the system the way it is.