Archive for the ‘culture’ Category
A recent alternative press article discusses the dismal economics of independent rock bands. As you can imagine, it’s bad:
In an interesting display of transparency, indie musical duo Pomplamoose wrote a detailed article, describing what it took financially to go on a 28-day tour.
To sum it up, the band made $135,983 in revenue and incurred $147,802 in expenses. So they lost $11,819. Ouch.
The economic issue is that bands have high costs and small audiences. But if you want a real chance at success, you’ll almost certainly need to expand the audience. So tours for starting bands are a form of investment. Additionally, there’s consumption. In the bigger scheme of life, a few thousand bucks is a small price to pay to be a rock god for a while.
Psych experiments show that we tend to overvalue objects that we possess – according to a coffee mug experiment, we would be willing to sell one that we have at a certain price, but others would not be willing to pay that same price. What happens when the object is a non-human family member?
When negotiating the sale of their home, one Australian family was willing to give up their cat Tiffany to the new homeowners for $140,000 (about $120K in US dollars). Some readers of the article announcing this exchange felt their pets were priceless, while others pointed out that cats are territorial and may not tolerate moves.
Don’t expect some cats to reciprocate your affectionate feelings – according to one medical examiner, cats will consume your lips and other edibles should you expire in your home. Sweet dreams, kitty owners.