The U.S. Bureau of Economic Analysis said spending on arts and cultural production continues to rise.
The report, released Monday, show the art sector’s gross domestic product contribution grew 3.8 percent, or $25.8 billion in 2012. As a result, the arts sector accounted for 4.3 percent of GDP, and an output of $698.7 billion, of GDP.
Arts and cultural production sector employment, taking into consideration all jobs, ranging from dancers to architects involved in production, provided 4.7 million jobs in 2012. The BEA said the core ACPSA
industries contributed one million jobs, while the supporting industries contributed 3.5 million jobs. The advertising industry was the primary core contributor, producing more than 1.3 million jobs, while the government accounted for 1.1 million jobs in supporting industries.
At the risk of appearing cynical, the rise of spending on the arts appears to be an insider’s game.
The wealthy develop non-profit arts foundations to underwrite performances and exhibitions few outside their class can afford to attend. Along with IRS write-offs, they’re showered with perks they really don’t need.