💰Is Taylor Swift underpaid?
📈 Over in Sweden, Beyonce’s concert was cited as a potential cause of inflation.
Taylor Swift concerts are big for local businesses like hotels, restaurants, concessions.
💸 Ticket sales for each of her concerts may generate ~ $11 million.
But could she be making more? 🤔
Paul Krugman posits that there isn’t a scarcity of big venues anymore (which could surge her ticket prices)
He thinks live concerts “play a more limited role now” than they did many years ago. People can experience music in many different venues and formats. 🎵
💣 Taylor Swift is obviously killing it.
But even she is subject to the tectonic shifts in consumerism & advances in technology.
Read more ⬇️
— New York Times Opinion (@nytopinion) June 24, 2023